Debras Dollars It Just Makes Cents!: Walmart Brings back NEW Layaway Program

September 9, 2011

Walmart Brings back NEW Layaway Program

The holiday season can be tough for many and Wal-Mart is here to help.  Wal-Mart is bringing back the layaway program for toys and electronics only. Wal-Mart made an announcement Thursday that the layaway program will run from October 17 through December 16, 2011.  Wal-Mart's layaway program was ditched in 2006, and now that it is back it is being viewed as a symbol of weakness of the economy. Whatever the reason is, it will help Wal-Mart's customers during the holiday season, so take advantage of it.  The layaway program has made some changes, and now has a minimum layaway purchase of $50, and is only available at stores. It also requires a 10 percent down payment. Wal-Mart will be able to cut costs by limiting the layaway program to toys and electronics with a price tag of $15 or more. It also added a $5 non-refundable service fee and $10 cancellation charge for any orders not picked up by December 16, 2011 or canceled by the customer. Once you pay the required minimums you can pay the amount that you want and when you want. The company said if the program is successful, it may extend it throughout the year. 

If you want to take advantage of the layaway program at Wal-Mart be sure your item is a toy or an electronic, and be sure each item is $15 or more and is a minimum of $50. 

Starting Monday Wal-Mart will also launch price cuts on dozens of holiday toys to $15. The company also said it will start offering small samples of holiday merchandise, including outdoor decor, later this month —— two weeks earlier than a year ago. 

You might see some more changes at Wal-Mart inside. Walmart is remodeling 3,600 namesake stores with lower shelves and wider aisles to give shoppers a cleaner path.

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