News

No fee layaway plan at Tennessee discount store

September 17, 2012

Memphis-based Fred's Super Dollar announced plans to launch a holiday layaway plan that boasts no fees, a down payment of just $1, and a $5 gift card for layaways totaling $50 or more. 

Dave Mueller, senior VP for sales and marketing at Fred's, said the no-fees feature is believed to be a first in the retail industry.

"Fred's realizes that the current economy presents difficult challenges to its customers and Fred's wants to offer as much assistance as it can," said Mueller. "That’s why we came up with a layaway plan that — with just one dollar down and absolutely no fees — is unlike any others and will stretch shoppers' dollars during a time when it will be most welcome."

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