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Walmart to Offer Layaway Again

Posted by on Sep. 14, 2011 at 9:27 PM
  • 6 Replies

I am happy.....i can't wait

Walmart to Offer Layaway Again

Walmart brings back layaway. (Google


This time around, the program, running Oct. 17 through Dec. 16., is available only on electronics and toys, two of the holiday season's most popular categories.

Those items have to cost at least $15 apiece, with a total basket size of at least $50. A 10 percent down payment is required, plus a $5 service fee. The company will charge a $10 cancellation fee if merchandise isn’t picked up by Dec. 16. Fine jewelry continues year-round as a layaway option.

To tap demand for the program, Walmart  also plans to lower prices on dozens of toys on a temporary rollback basis to $15 beginning Sept. 12. Other products eligible for the program include bicycles and video games.

Walmart decided to reinstate the program after broad-based feedback it received from store managers, executives customer-listening groups and many customer letters and phone calls, Chief Merchandising Officer Duncan Mac Naughton told MarketWatch.

Hard times call for different options. While we won't dismiss Walmart's benevolence in helping out lower-income consumers, it stands to make a lot of money that otherwise would not be spent by bringing back the layaway program. It seems like a win-win for all involved, as long as consumers don't accrue more debt than they can afford.

Read more at Market Watch.

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by on Sep. 14, 2011 at 9:27 PM
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Replies (1-6):
deadlights86
by on Sep. 14, 2011 at 9:29 PM

Dh works at walmart in electronics we are very happy about the layaway program means we will be able to get alot more for our kids than we would have originally.

karabearblu
by on Sep. 14, 2011 at 9:30 PM
Awesome!!! This will really help us out with Christmas!
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USMCwife22
by on Sep. 14, 2011 at 9:30 PM

Im excited, my youngest bday is Oct 23rd so this helps. PLus Xmas shopping as well!

Erimar23
by on Sep. 14, 2011 at 9:31 PM

right...hoildays around the corner...i can't wait

angelgirl0225
by on Sep. 14, 2011 at 10:04 PM

 It would be better without the restrictions on just certain areas and a 15 buck min per item

Luv_my_hubby
by Nikki on Sep. 14, 2011 at 10:37 PM
I wish it didn't have the restrictions. I have a teen and she really doesn't want toys. :(
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