Kmart to Roll out ‘Lease-to-Own’ Program

Program will allow Kmart customers to save money during the holiday season

   

Kmart — a subsidiary of Sears Holdings (SHLD) — is offering its lease-to-own program to stores all around the nation later this month.

Chicago Business Journal reports that the retailer is making the program a permanent fixture on Nov. 22 after testing it for almost a month. The lease-to-own program allows Kmart customers to purchase items worth $150 or more by paying either bi-weekly or monthly installments. Sears Holdings’ vice president of financial services said that the “lease-to-own program will help ease some of the financial barriers our members and customers will face this holiday season.”2j3r29v Kmart to Roll out 'Lease to Own' Program

In order to qualify for the program, Kmart customers must be 18 years old, earn at least $1,000 a month and give a social security or tax identification number when applying.

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Article printed from InvestorPlace Media, http://investorplace.com/2013/11/kmart-roll-lease-program/.

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