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Cash-Strapped Shoppers Remember Layaway

No-interest credit appeals to consumers

By Nick McMaster, Newser Staff

Posted Nov 10, 2008 1:59 PM CST

(Newser) – With consumers strapped and credit short, retailers are reviving an older kind of financing: layaway. Although the arrangement was considered obsolete when Wal-Mart closed its layaway department in 2006, retailers such as TJ Maxx, Goody’s, Marshalls and the Burlington Coat Factory have moved to... Read full story »

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retail • credit • credit crisis • retail sales • holiday shopping • Kmart • Walmart • T.J. Maxx • financial crisis • layaway

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Cash-Strapped Shoppers Remember Layaway

No-interest credit appeals to consumers

retail • credit • credit crisis • retail sales • holiday shopping • Kmart • Walmart • T.J. Maxx • financial crisis • layaway

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More Newser Stories

Shoppers Can't Halt Commercial Mortgage Crisis

Retailers will default, no matter how many sweaters you buy today

Economic Squeeze Means Merry Christmas for Wal-Mart

Retailer expects blockbuster season as cash-strapped shoppers seek bargains

Secret Santas Wipe Away Strangers' Layaway Debts

Anonymous donors clearing accounts at Kmarts, Walmarts

Walmart Rolls Out Free Shipping

No minimum purchase. Online retailers gulp.

Black Friday Brings Out the Shoppers

Consumers not too downtrodden for 5am campouts

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