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But as credit cards became popular, layaway dwindled and was mainly used by lower-income consumers who could not qualify for credit cards. That has been changing in the last couple of years.
As the recession hit and the recovery dragged on, some Wal-Mart competitors have offered layaway. Because of its size, it often sets the standards that other stores follow over the holidays, whether that is pricing on toys or its offer last year of free shipping on hundreds of online items.
Leave a Reply Cancel reply You must be logged in to post a comment. Check Also. Morgan Stanley layoffs coming Fox Business September 1, All items must be paid off by Dec. There is no online layaway option. Payment and pickup must be made in the store, though Wal-Mart may store some items off-site, making them available up to 10 days after final payment but no later than Dec.
The last day of Wal-Mart layaway is Dec. The store will begin to accept layaway items on Sept. Wal-Mart has also changed its layaway rules, and buyers who pay off their balance sooner will get a better deal. However, Wal-Mart is allowing even more product types to be put on layaway, such as sports and exercise equipment and small appliances. Wal-Mart is also highlighting Apple iPad layaway and Lego layaway in addition to laptop computers and toys.
On Sept. Starting Oct. The reasons given were that not enough people were using it and it cost too much in staff time and floor space to offer it. Plus, a spokesperson told media at the time, most people just use credit cards. Walmart spokespeople have stated on numerous occasions that the company has no plan to bring back layaway.
In many stores, the physical space once occupied by the Layaway Department is now home to the Site to Store feature, for online order delivery. Even after Wal-Mart discontinued its layaway program, the retailer continued to offer layaway on jewelry only in some markets.
As of December , there are 10 Facebook groups devoted to petitioning for Wal-Mart to bring back layaway. One has , members. Who cares why anyone uses layaway? Some people may find it easier to shop for things outright, some people may like the convenience of shopping ahead of time and having a great hiding spot, some people may want to get their shopping done before the madness of the actual shopping season.
My christmas shopping is mostly DONE. While at Kmart putting away sweaters for grandma, clothes for mom, games for nephews, makeup and perfume for step kids, appliances for my son and his wife, etc. I also think the payment plan is helpful. I could really care less what the stuck up crab commented on about budgeting money.
This year, I was so excited to learn Walmart opened their layaway plan until……their regimented rules were laid out at the top of this page. Just went shopping for two hours in store today to start my Christmas shopping. Went to Layaway to put it all in. Guess what nothing in your layaway under Took cart full of items back to the homes I got them from instead of leaving basket for associate to put away.
Needless to say I only put two items in layaway from that cart. Very unsatisfied with this policy and you have to pay fee for layaway before they even start?? Guess what the rest of my shopping will not be in a Walmart Guess where the rest of my shopping is going elsewhere.
Tis the season to you Walmart Layaway back Not a good thing Walmart. I feel the same way. Who are the executives of the stores, and why do they care if layaway is used, its not hurting their business either, especially since so many people want it back.
WalMart is one of the richest businesses in the US, so why is it such a hassle to get decent customer service. Some of us dont have perfect credit or perfect jobs, and dont have the ability to get unseen amts on credit cards, layaway is our best AND ONLY option, especially during holidays, and not just Christmas, all holidays.
Credit Cards are great for those who have them, so layaway is good for us poor and middle class individuals that must not matter to the important people who make these decisions. Its nice to know what you have bought and make pmts without having its sitting around collecting dust before you can wrap it and dont have to save and dave to buy it only to see its gone back up in price or not available.
Layaway has more good and positive feedback than it does bad, so for me its a no-brainer, bring back layaway for good!!! Our tv went out and we were going to put one on layaway since wal-mart has a great deal on them right now. Bum so now what are we going to do??? Please bring layaway back.. My husband and I each work two jobs and have 2 children. I guess we will just wait until we get our tax check and go to Best buy or circuit city!!
I used lay a way and found out that I had got the wrong gift for my daughter so i went to get a refund of my money. The receipt clearly stated that if you return before the 14th of Dec.
When asked about the full refund I was told that an uncompleted order was when a customer adds or takes away from their lay a way. Does that make sense? This is the second time that I felt like I should not be shopping at Wal Mart. The service is all about a job not about customer relations. Every answer that comes out of the workers mouth is verbatium. They sound like robots. I was and still am extremly pissed that walmart took away layaway.
I have 5 kids and with the economy its extremely expensive to buy school clothes xmas present and just trying to keep up what they need through out the yr. If walmart brought back layaway I am sure I would be one of many americans spending hundreds more at walmart. Walmart will not be offering the annual layaway option this year for the holiday season. The information was confirmed by Walmart customer service on Sept. No stores in the U. In addition, the layaway section of the Walmart website has been removed.
In past years, Walmart offered the layaway program from late August through mid-December. Customers could put items on hold with a small deposit, and then make regular payments until the total was paid off.
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