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Kmart launches lease-to-own program

Hoffman Estates, Ill. -- Kmart will offer lease-to-own financing at stores nationwide this holiday season. The latest addition to Kmart's portfolio of financial services, the lease-to-own program began to rollout at Kmart stores in test markets as of Oct. 15 and will be available in all stores by Nov. 22. Giving customers a no credit-required way to take home the items they need right away, lease-to-own financing will be available year-round for merchandise priced at $150 and over.

"Kmart's lease-to-own program will help ease some of the financial barriers our members and customers will face this holiday season," said Jai Holtz, VP, financial services, Sears Holdings. "For members and customers who have an immediate need, lease-to-own gives a full house assortment of products and a way to pay."

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