Kmart Removes Layaway Fees to Help Boost Holiday Shopping
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Kmart, the discount unit of Sears Holdings Corp., said it will remove fees from layaway purchases to help customers strained by tighter shopping budgets.
Free layaway at Kmart will be available online and in stores today through Nov. 17, said Jai Holtz, vice president of financial services at Sears, adding that the company will consider extending the program past the holidays.