Layaway is Back! (Well, in some stores, anyway.)
Back in 2006, the mega-retailer Wal-Mart abolished their layaway program, prompting many to claim the death knell had rung for that type of buy-on-time purchase. Two years later, layaway is looking pretty good, especially to K-Mart which has a new ad campaign promoting their program. Don’t look to Wal-Mart to jump back on this bandwagon; they won’t.
Why would retailers kill layaway? [Read more →]