K-mart Gets Rid Of Layaway Fees

By: Channel 6 News Email
By: Channel 6 News Email

"K-mart" is waving layaway fees in stores and online through November 17th.

Customers usually pay five dollars for an eight-week contract, and ten dollars for a 12-week layaway.

The move comes days after Toys-R-Us tossed fees through October 31st, and Walmart slashed its fee to five dollars.

K-Mart execs say this move isn't in response to competitors, and the company had already been testing the no-fee program.

Sister company "Sears" is also set to follow suit.

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