Sears restores its layaway program
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Kmart‘s recent success with its layaway program has persuaded Sears, its sister retailer, to bring back the pay-as-you-go service starting Sunday. Layaway, which became nearly obsolete with the widespread use of credit cards, is back in fashion this year as an affordable way for credit- and cash-strapped consumers to make purchases in the worsening economy.
‘Our customers are talking and Sears is listening,’ Chief Marketing Officer Don Hamblen said. ‘In this difficult economic climate, extending the layaway program at Sears is an easy decision and one that we hope will provide additional value to our customers.’
The final day to add holiday merchandise to layaway will be Dec. 22, and items must be paid in full by Dec. 23. Layaway fees apply and the service is not available at all Sears stores or on all items. The down payment for layaway must be $15 or 20%, whichever is greater.
Other stores that offer layaway include Marshalls, T.J. Maxx, Burlington Coat Factory and 99 Cents Only Stores.
More information on layaway programs here.
-- Andrea Chang
