Kmart Launches Lease-to-Own Programs
November 6, 2013,
HOFFMAN ESTATES, Ill.-For the upcoming holiday season, Kmart will offer lease-to-own financing at stores nationwide.
The new program will give customers and Shop Your Way members access to more than 600,000 products including home appliances, mattresses, ready-to-assemble furniture, lawn and garden products, consumer electronics, seasonal toys, sporting goods and service plans. It had been rolled out in test markets on Oct. 15 and will be available in all stores beginning on Nov. 22. Lease-to-own financing will then be available year round for merchandise priced at $150 and over.
To qualify, a shopper must be 18 years of age, earn a minimum of $1,000 a month and supply a social security number or tax identification number when he or she applies. The lease-to-own products are brand-new, never-refurbished items.
Other Articles By Author
Von Tobel Cites Brass Textures Among Top Trends
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.