Kmart distributes more than $150 million in points to loyalty-program members

HOFFMAN ESTATES, Ill. — Kmart is distributing extra points to members of its loyalty program to mitigate the effects of high living costs, the retailer said Friday.

The mass merchandise retail chain said it would distribute more than $150 million worth of points to Shop Your Way Rewards members across the country, allowing them to redeem the extra points through March 7 on such items as groceries, clothing, electronics and home goods.

"Kmart is here to help American families today and every pay day, and we want to thank our members for being loyal customers by giving them points they can redeem on the things they need most, like groceries for their family," Sears Holdings EVP and president for marketing, online and financial services Imran Jooma said. "Despite cost of living increases that can put a strain on the wallet, your dollars stretch far at Kmart, especially for our Shop Your Way Rewards members."