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Other retailers resisted it, as they were developing their own credit products and they believed they would be helping their competitor. Sears began to face difficulties in the late 1980s in light of these developments, and with strong competition both from Walmart and from so-called category killers such as Toys "R" Us. Discover's introduction ...
The plan to create a one-stop financial-services center in Sears stores was not as successful as Sears had hoped. Its credit card operations accounted for a loss of $22 million in the fourth quarter of 1986, and a loss of $25.8 million in the first quarter of 1987.
Sears, Roebuck and Co. (/ s ɪər z / SEERZ), commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago.
Sears is unveiling a new payment option for customers: an enhanced Sears credit card. Giving their branded store card a facelift, Sears says it added more retail value to carrying a Sears card. ...
Sears offers the same layaway program as its subsidiary Kmart. Down Payment: $10. Payment Schedule: 8 weeks or 12 weeks. Service Fee: 8-week program: $5. 12-week program: $10. Cancellation Fee: 8 ...
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Kmart (/ ˈ k eɪ m ɑːr t / KAY-mart), formerly legally registered as Kmart Corporation, now operated by Transformco, is an online retailer in the United States and operates six remaining Kmart big-box department stores — 3 in the US Virgin Islands and one each in Kendale Lakes, Florida (Miami postal address); Bridgehampton, Long Island; and Tamuning, Guam.