Comments on: Wal-Mart to Stop Offering Layaway http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/ personal finance tips, tricks, and commentary Sun, 22 Nov 2009 03:39:46 -0500 http://wordpress.org/?v=abc hourly 1 By: heidi http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/comment-page-1/#comment-135311 heidi Wed, 30 Sep 2009 19:04:19 +0000 http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/#comment-135311 I was in wal-mart today,and I did not know layaway was no longer available. I have'nt bought anything including X-mas gifts for a couple of years. This year I figured I am doing a little better so I will put some gifts for this holiday in Layaway. Could'nt find it so I asked an employee. Well she was absolutely and totally rude to me, like I should'nt bother her with my trivial questions. Well I don't think I'll be shopping there anymore!!! K-mart will be getting my X-mas business from here on out. I was in wal-mart today,and I did not know layaway was no longer available. I have’nt bought anything including X-mas gifts for a couple of years. This year I figured I am doing a little better so I will put some gifts for this holiday in Layaway. Could’nt find it so I asked an employee. Well she was absolutely and totally rude to me, like I should’nt bother her with my trivial questions. Well I don’t think I’ll be shopping there anymore!!! K-mart will be getting my X-mas business from here on out.

]]> By: Jamie http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/comment-page-1/#comment-134622 Jamie Wed, 02 Sep 2009 18:39:26 +0000 http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/#comment-134622 I have been told that Kmart still has a layaway program, so I will be doing my 2009 Christmas shopping there. I normally do my shopping at Walmart, but I'm broke this year, so Kmart to the rescue!!! I have been told that Kmart still has a layaway program, so I will be doing my 2009 Christmas shopping there. I normally do my shopping at Walmart, but I’m broke this year, so Kmart to the rescue!!!

]]> By: Bill http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/comment-page-1/#comment-126884 Bill Sat, 29 Nov 2008 20:34:56 +0000 http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/#comment-126884 Bad timing for them to phase it out. With the economy crashing due to overuse and ease of obtaining credit, now it will be harder to obtain credit and more people will be willing to go back to the age old concept of paying for a product before receiving it. Bad timing for them to phase it out. With the economy crashing due to overuse and ease of obtaining credit, now it will be harder to obtain credit and more people will be willing to go back to the age old concept of paying for a product before receiving it.

]]> By: CHRISTINE http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/comment-page-1/#comment-69885 CHRISTINE Tue, 27 Mar 2007 16:49:21 +0000 http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/#comment-69885 i would like layaway back. i only shop there because there was layaway now that tere is no layaway i will not be shopping there any more. i would like layaway back. i only shop there because there was layaway now that tere is no layaway i will not be shopping there any more.

]]> By: Amy http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/comment-page-1/#comment-33077 Amy Mon, 06 Nov 2006 01:37:34 +0000 http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/#comment-33077 JC Penney phased out layaway several years ago, I think it was in 2000, and at the time very few people were using it. I would guess that most people use a charge card or credit card, for the convenience of making payments at home rather than in person, the fact that you get your items right away, as well as the ubiquity of credit cards these days. And as nightwing said, back then we did have a lot of people returning things (swimsuits, winter coats, etc.) at the end of Layaway (layaway was a 3 month term) to rebuy them on clearance for 1/4 the price. JC Penney phased out layaway several years ago, I think it was in 2000, and at the time very few people were using it. I would guess that most people use a charge card or credit card, for the convenience of making payments at home rather than in person, the fact that you get your items right away, as well as the ubiquity of credit cards these days.

And as nightwing said, back then we did have a lot of people returning things (swimsuits, winter coats, etc.) at the end of Layaway (layaway was a 3 month term) to rebuy them on clearance for 1/4 the price.

]]> By: nightwing http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/comment-page-1/#comment-33038 nightwing Sun, 05 Nov 2006 18:16:31 +0000 http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/#comment-33038 Layaway is a lot less popular than when I was a kid. People are more savvy now. Lots of people were putting things on layaway and then when they finished paying it off they would ask for a credit if the item had since been marked down. Layaway is a lot less popular than when I was a kid. People are more savvy now. Lots of people were putting things on layaway and then when they finished paying it off they would ask for a credit if the item had since been marked down.

]]> By: Herb http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/comment-page-1/#comment-32359 Herb Thu, 02 Nov 2006 21:04:00 +0000 http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/#comment-32359 Yeah, because nobody buys stuff they can't afford to pay for right away. Layaway was big when I was a kid and it's how I bought my first Transformer (the evil gun guy)! Yeah, because nobody buys stuff they can’t afford to pay for right away.

Layaway was big when I was a kid and it’s how I bought my first Transformer (the evil gun guy)!

]]> By: SkyeBlue http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/comment-page-1/#comment-32358 SkyeBlue Thu, 02 Nov 2006 20:39:00 +0000 http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/#comment-32358 I think it is a dumb move on their part. Most of the people who use layaway do it because they can't afford to pay the full price all at once for expensive items. I think now that many people will chooose simply not to purchase an item at all since it can't be put on layaway. I think it is a dumb move on their part. Most of the people who use layaway do it because they can’t afford to pay the full price all at once for expensive items. I think now that many people will chooose simply not to purchase an item at all since it can’t be put on layaway.

]]> By: Debt Free http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/comment-page-1/#comment-32336 Debt Free Thu, 02 Nov 2006 15:39:29 +0000 http://www.fivecentnickel.com/2006/11/02/wal-mart-to-stop-offering-layaway/#comment-32336 Wal-Mart keeps their margins so razor thin, the carrying and admin costs probably outweighed the additional business they gained from layaway. I suspect you're 100% correct about the effect easy availability of credit cards these days on the layaway program as well. Now people are just paying 18%APR (a generalization, but many Wal-Mart customers probably can't qualify for the best rates) on their purchases, instead of o%. Wal-Mart keeps their margins so razor thin, the carrying and admin costs probably outweighed the additional business they gained from layaway. I suspect you’re 100% correct about the effect easy availability of credit cards these days on the layaway program as well. Now people are just paying 18%APR (a generalization, but many Wal-Mart customers probably can’t qualify for the best rates) on their purchases, instead of o%.

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