Illinois-based discount shopping outlet Kmart has announced that it will launch a lease-to-own financing program to all its stores nationwide this holiday season, Chicago Business Journal reported on November 6.
The announcement comes after a one-month trial run of the program in select service areas, and will be offered year-round in addition to its layaway service. The lease-to-own program will allow consumers to take home items immediately, and pay them off over time.
“Kmart’s lease-to-own program will help ease some of the financial barriers our members and customers will face this holiday season,” Jai Holtz, vice president of financial services at Sears Holdings, said, according to the media outlet.
The program will launch on November 22. For more on Kmart’s latest program, read the full report here.
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