This holiday season, Sears and Kmart are offering free layaway and Shop Your Way loyalty savings programs in a bid to connect with financially strapped shoppers. Company president Ron Boire sat down with DailyFinance.
Walmart is struggling to end its declining same store sales, which have faltered over the past nine consecutive quarters. It's no wonder: With massive unemployment, discount retailers have to pull out all the stops to win over new customers, or even retain the ones they have. Re-enter layaways, which Walmart shelved in 2006.