Companies and Brands
Sears/Kmart Surpassing Wal-Mart on Holiday Layaway Plans
Published:
Last Updated:
In recent days we could not help but notice how Wal-Mart Stores Inc. (NYSE: WMT) made some significant reductions to its holiday layaway plans to make it more affordable and available. We also said that if Wal-Mart was going to be buckling in this manner that other retailers would likely follow suit. News is now out today from Sears Holdings Corporation (NASDAQ: SHLD) that it is jumping in on the layaway bandwagon.
The difference here is that its Kmart unit is just going to remove its layaway service fee for its online and in-store purchases starting September 7th and going through November 17th.
Kmart says that it is currently the only mass retailer to offer the program 365 days a year around the nation. Another difference from the Wal-Mart layaway plan is that Kmart touts no minimum transaction amount.
Sears shares are up 0.7% at $57.76 while Wal-Mart shares are down by 1.5% at $73.68 so far today.
JON C. OGG
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
