According to This Is Money, the initiative comes as partnership chairwoman Sharon White takes action to turn around the fortunes of the department store. Home, garden furniture, lighting, and nursery products are covered as well as fitted kitchens and bathrooms. Besides, customers will be able to sign up for at least GBP 1,000 of credit with a maximum of GBP 25,000 for 12 months, while credit for fitted rooms will amount to up to GBP 35,000.
Furthermore, John Lewis has brought in France-based retail banking company BNP Paribas to help roll out the service, with the promise of 'no arrangement fees or hidden extras'.
Overall, the launch of the new credit option will be regarded as a reaction to the success of credit offers from the likes of Klarna and Clearpay, This Is Money reported.
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