Kmart CMO on Why Retailers Are Seeing Signs of Hope

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Layaway was a big hit with consumers when the economy tanked, and it still is. Kmart, which is part of Sears Holding Corp., has observed that consumers use the option—which lets shoppers gradually pay for items they want to purchase—year round. The shift reflects America’s increasing focus on value, as well as careful, planned spending, said Kmart chief marketing officer Mark Snyder.

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