Can't Afford That New Fridge? Sears Will Let You Lease-to-Own
If you need to make a big purchase and can't wait for layaway, Sears is introducing a lease-to-own option for appliances, furniture and other large items.
If you need to make a big purchase and can't wait for layaway, Sears is introducing a lease-to-own option for appliances, furniture and other large items.
Every time you make a plane reservation or rent a car or pay for concert tickets, you're asked to provide a credit card number. Liz Smiley provides a debit card number instead. Smiley has lived without a credit card for more than four years, and she doesn't miss it a bit.
This holiday season, Sears and Kmart are offering free layaway and Shop Your Way loyalty savings programs in a bid to connect with financially strapped shoppers. Company president Ron Boire sat down with DailyFinance.
Toys R Us is making it easier for shoppers to use its layaway program ahead of the crucial holiday season, waiving its service fee and minimum purchase requirement beginning Tuesday.
Walmart is offering a better deal to layaway shoppers this coming holiday season, the latest sign that pay-in-installment programs continue to see a revival among retail chains.
Store layaway programs made a comeback last holiday season, with gift-buyers flocking back to installment payment plans. Now, Sears is expanding the concept by letting consumers put vacations on layaway, too.
Layaway became obsolete in the bubble years, an anachronism from bygone times when many consumers couldn't access credit. In today's rough economy, layaway is making a comeback for the holidays. But for investors who hold certain retail stocks, this may mean lumps of coal in their portfolios.
With Americans' budgets squeezed, more consumers will turn to layaway programs -- which allow shoppers to make payments in installments -- this gift-giving season, according to a new survey.
Walmart is struggling to end its declining same store sales, which have faltered over the past nine consecutive quarters. It's no wonder: With massive unemployment, discount retailers have to pull out all the stops to win over new customers, or even retain the ones they have. Re-enter layaways, which Walmart shelved in 2006.
This holiday season, layaway is making a comeback at several large retailers. Layaway is the process of buying an item which you leave at the store and pay for over time, often with a one-time service charge but no credit check. It's not a perfect system, but here's why it beats those "no interest/no payments for X months" deals hands-down.
Walmart 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.














