Stores Change Layaway Process This Holiday Season

7 years 4 months 2 weeks ago Wednesday, October 03 2012 Oct 3, 2012 Wednesday, October 03, 2012 5:33:00 PM CDT October 03, 2012 in News
By: Kelly Carlson
loading

COLUMBIA - As the holiday season approaches, some of the nation's largest retailers have started to reel-in customers by offering new layaway requirements.

Layaway allows customers to hold an item for a period of time while they make incremental payments to cover the total purchase. Layaway programs have been around for quite some time. Within the last couple years, their popularity has grown.

Big items, such as TVs and jewelry, are popular layaway items. Cartloads of toys make up a big portion, as well. Conley Road Walmart Manager Tim Spinks said this year's most popular items are iPads, Lego sets, and the new Furby doll. But depending on the layaway process depends on the retail store.

Walmart reduced its $15 fee to $5. If customers do not cancel their order, they will get their $5 back via gift card. Customers must purchase $50 worth of merchandise, with each product being no less than $15. There is a down payment of $10 or 10 percent, whichever is greater. In an effort to comply with customers' requests, Walmart extended its layaway an extra month, making the last payment due December 14.

"Layaway gives our customers an opportunity to pay over time and to stretch their dollar to the maximum, because during the holiday a lot is going on that is costly to our customers," said Spinks.

Another huge retail store is making some changes, too. Toys R Us has no service fee until October 31. After that day, there will be a $5 non-refundable service fee. There is no minimum purchase price. Customers do need to make a 20 percent down payment, pay off 50 percent within 45 days, and pay the full amount by December 8. There is a cancellation fee of $10.

Like Toys R Us, Kmart has no service fee and no minimum cost. Customers put a down payment of $15 or 10 percent, whichever is greater. Payments are bi-weekly for an eight-week period. Kmart Manager Greg Jones said, "As the two weeks get closer to the next payment, Kmart does do automated telephone calls as a reminder to customers to make a payment." The last payments are accepted by November 17.

 

More News

Grid
List
COLUMBIA - Dozens of MU students gathered to raise money for cancer research Saturday. Mizzou's Relay for Life raised... More >>
1 hour ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 6:41:00 PM CST February 22, 2020 in News
JEFFERSON CITY — Police arrested three people after a Saturday afternoon robbery led to a car chase, according to a... More >>
2 hours ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 5:46:00 PM CST February 22, 2020 in News
JEFFERSON CITY — Missouri voters legalized medical marijuana in 2018, but some lawmakers are worried about what that could... More >>
3 hours ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 4:53:00 PM CST February 22, 2020 in News
ST. LOUIS (AP) — Missouri may have shed its unwanted image as the meth lab capital of the U.S.,... More >>
3 hours ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 4:21:00 PM CST February 22, 2020 in News
COLUMBIA - Columbia is getting a break from winter weather this weekend and many residents are taking advantage of it.... More >>
3 hours ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 4:21:00 PM CST February 22, 2020 in News
REEDS SPRING, Mo. – Students in the Reeds Spring School District will begin a four-day school week next school... More >>
3 hours ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 4:11:55 PM CST February 22, 2020 in A Brighter Tomorrow
COLUMBIA – Several First Ward neighborhood associations hosted a town hall forum Saturday with city council candidates to discuss housing,... More >>
4 hours ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 4:07:00 PM CST February 22, 2020 in News
Black LGBTQ youth are less likely to receive mental health... More >>
4 hours ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 3:51:00 PM CST February 22, 2020 in A Brighter Tomorrow
COLUMBIA — In an effort to contain the novel coronavirus, the Chinese government has canceled a number of exams this... More >>
5 hours ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 2:56:57 PM CST February 22, 2020 in News
COLUMBIA— A Columbia chiropractic office hosted a seminar to educate and empower women Saturday afternoon. The event was part of... More >>
5 hours ago Saturday, February 22 2020 Feb 22, 2020 Saturday, February 22, 2020 2:13:00 PM CST February 22, 2020 in News
MOBERLY - Moberly police officers responded to a domestic assault at 1028 Sinnock Ave., at 2:48 a.m. Friday, February 21,... More >>
21 hours ago Friday, February 21 2020 Feb 21, 2020 Friday, February 21, 2020 10:45:00 PM CST February 21, 2020 in News
COLUMBIA - "Honest" and "righteous" are just a couple of words friends used to describe Columbia City Councilman Clyde Ruffin.... More >>
1 day ago Friday, February 21 2020 Feb 21, 2020 Friday, February 21, 2020 5:55:00 PM CST February 21, 2020 in News
COLUMBIA - Columbia Water & Light plans to perform water valve repairs at the intersection of North College Avenue and... More >>
1 day ago Friday, February 21 2020 Feb 21, 2020 Friday, February 21, 2020 4:57:00 PM CST February 21, 2020 in News
COLUMBIA - Columbia Regional Airport with American Airlines are proposing a new daily nonstop air service to Charlotte, North Carolina... More >>
1 day ago Friday, February 21 2020 Feb 21, 2020 Friday, February 21, 2020 4:49:00 PM CST February 21, 2020 in News
COLUMBIA - The Missouri Department of Economic Development awarded $7.3 million to nonprofit's through its Neighborhood Assistance Program this week.... More >>
1 day ago Friday, February 21 2020 Feb 21, 2020 Friday, February 21, 2020 4:25:00 PM CST February 21, 2020 in News
COLUMBIA - Columbia Police arrested a Jefferson City man in connection to an armed robbery on Jan. 7 at the... More >>
1 day ago Friday, February 21 2020 Feb 21, 2020 Friday, February 21, 2020 4:23:00 PM CST February 21, 2020 in News
WARDSVILLE - Blair Oaks wrestling sent seven qualifiers to the state championship this weekend in Columbia. Among them is senior... More >>
1 day ago Friday, February 21 2020 Feb 21, 2020 Friday, February 21, 2020 3:55:00 PM CST February 21, 2020 in Sports
COLUMBIA - The University of Missouri announced a large gift from alumni Friday to support the university's NextGen Precision Health... More >>
1 day ago Friday, February 21 2020 Feb 21, 2020 Friday, February 21, 2020 3:02:00 PM CST February 21, 2020 in News
Columbia, MO
Broken Clouds 43°
8pm 43°
9pm 42°
10pm 41°
11pm 40°