HOLY COW....Walmart is
09-08-2011, 12:13 PM
#1
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NEW YORK — Wal-Mart is bringing back something its customers have been asking for since the Great Recession: layaway.
The world's largest retailer, which ditched the pay-as-you-go plans in 2006, is rolling out a holiday layaway option from Oct. 17 through Dec. 16. Wal-Mart is following rivals that brought back the service during the thick of the recession.
http://www.msnbc.msn.com/id/44442002...s_and_economy/
Hmmmmm maybe Wal-mart has FINALLY realized they screwed up by taking away layaway. Even if it is only for th holidays, the article says they may extend layaway throught out the year. :)
The world's largest retailer, which ditched the pay-as-you-go plans in 2006, is rolling out a holiday layaway option from Oct. 17 through Dec. 16. Wal-Mart is following rivals that brought back the service during the thick of the recession.
http://www.msnbc.msn.com/id/44442002...s_and_economy/
Hmmmmm maybe Wal-mart has FINALLY realized they screwed up by taking away layaway. Even if it is only for th holidays, the article says they may extend layaway throught out the year. :)
09-08-2011, 12:36 PM
#6
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Originally Posted by fabric_fancy
so if i read this right you can put a $15 toy on layaway and pay an additional $5 fee for the service?
how is that interest free, that's a 33% charge on a $15 purchase.
how is that interest free, that's a 33% charge on a $15 purchase.
09-08-2011, 01:10 PM
#7
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From the article:
"The program, which has a minimum layaway purchase of $50, "
So you wouldn't be able to just do the one $15 toy.
(And the $5 fee on only a $50 layaway actually works out to an annualized interest rate of 60%. ;-)
I'm sure, though, that no one is thinking that way.)
Many will be very grateful for the availability of the service.
And I'm sure it will be used for more flat screen TV's than toys. ;-)
"The program, which has a minimum layaway purchase of $50, "
So you wouldn't be able to just do the one $15 toy.
(And the $5 fee on only a $50 layaway actually works out to an annualized interest rate of 60%. ;-)
I'm sure, though, that no one is thinking that way.)
Many will be very grateful for the availability of the service.
And I'm sure it will be used for more flat screen TV's than toys. ;-)
09-08-2011, 01:18 PM
#8
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Location: Quilting somewhere......
Posts: 2,591
Originally Posted by MTS
From the article:
"The program, which has a minimum layaway purchase of $50, "
So you wouldn't be able to just do the one $15 toy.
(And the $5 fee on only a $50 layaway actually works out to an annualized interest rate of 60%. ;-)
I'm sure, though, that no one is thinking that way.)
Many will be very grateful for the availability of the service.
And I'm sure it will be used for more flat screen TV's than toys. ;-)
"The program, which has a minimum layaway purchase of $50, "
So you wouldn't be able to just do the one $15 toy.
(And the $5 fee on only a $50 layaway actually works out to an annualized interest rate of 60%. ;-)
I'm sure, though, that no one is thinking that way.)
Many will be very grateful for the availability of the service.
And I'm sure it will be used for more flat screen TV's than toys. ;-)
And yep, I will probably put flat screen on layaway for hubby.:mrgreen: DD's TV tore up and we gave them one of ours.
09-08-2011, 01:29 PM
#9
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Join Date: Nov 2010
Posts: 4,134
Originally Posted by SherriB
No minimum purchase there, but the same $5.00 fee and $10 cancellation fee.
So I'm guessing it's only valid to Dec 16 because regular price cuts/sales will go into effect.
I wonder what happens if you put something on layaway on Nov 1, and then it goes on sale for Thanksgiving. Do you get your layaway adjusted to the lower price as well? ;-) Maybe you get adjusted to the price the item currently sells for when you pick it up.
Enjoy your TV. ;-)
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