We’re approaching the end of September and it’s time to start thinking about the Holiday Season that seems to become earlier and earlier in the year. Yes the kids just went back to school. And yes today is the official first day of Fall. But in the retail world, the gloves are coming off in the Layaway Wars! And that’s to be used to the consumers advantage.
Let’s dive right in starting with Walmart. Walmart seems to be coming out in the lead with a few key changes that will help the shopper out. Wouldn’t it be nice if we all had a crystal ball and could base our decisions off of that? I’m sure Walmart does too, because how were they to know that in 2006 when they did away with their Layaway program that it wouldn’t work out? You see, this was ahead of the recession and most of American consumers were leveraging everything on credit cards. Walmart felt it was a smart decision. I personally thought it wasn’t good, but I’m not the CEO now am I? lol Enough of my thoughts and onto to the facts:
**Sears is family with Kmart and they offer a similar layaway plan. Visit Kmart.com for more details. The site was giving me errors so I really couldn’t get all the info I was looking for, but it appears to be very similar but their higher option starts with purchases $400+.
~ 50% of the total price of the order must be paid within 45 days and the order must be paid in full and picked up by December 16.