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Walmart to Offer Layaway Service During Holiday Shopping Season

WI Web Staff Report | 9/9/2011, 10:45 p.m.
Walmart stores across the country will offer a layaway service from Oct. 17 through Dec. 16./Courtesy Photo

BENTONVILLE, ARK. -- Walmart announced recently that it will offer a Christmas layaway program for two of the season's most popular gift categories, electronics and toys. The program, which will be available at all stores nationwide, kicks off on Oct. 17 and Dec. 16.

According to Walmart, many of the world's largest retailer's nearly 9 million Facebook fans, expressed their desire for a layaway service for toys and electronics, particularly during the holiday season when budgets can be tight.

"We're always looking for ways to ease budget strain for our customers, and we know this holiday season in particular brings with it additional financial pressure," said Duncan Mac Naughton, chief merchandising officer, Walmart. "Our layaway program for Christmas, along with our every day low prices and great variety of gifts, will provide a worry-free way for our customers to fulfill their families' Christmas wish lists."

Walmart's Christmas layaway program will enable customers to make payments when they want and for how much they want on the hottest Christmas gifts. Toy and electronic gifts with a retail price of $15 or more will be eligible*, including dozens of toys on Rollback to $15 starting Sept. 12, such as Leapfrog Scribble and Write, Disney Princess Toddler Dolls, Transformers 3 Mechtech and select Lego playsets. Other great gifts at an every day low price included in the Christmas layaway program are bicycles, HDTVs, and video games.

"Our customers told us they want a hassle-free layaway option during the holiday season," said Mac Naughton. "With our Christmas layaway program, they can focus on what's important to them during the Christmas season instead of stressing over mandated payments or how to tuck money away for gifts."

Layaway payments can be made at any register. Putting an item on layaway and picking up layaway orders is done at the Walmart.com counter in the majority of stores. Pick up hours are 9 a.m. to 9 p.m. local time. Layaway orders and pick ups will not be accepted on the day after Thanksgiving.

For more information on Walmart's holiday layaway program, please visit www.walmart.com/Layaway.

* In order to participate, each item must have a price of $15 or more, customers must have a total minimum layaway purchase of $50, make a 10% down payment on the total purchase, and pay a one-time non-refundable $5 service fee. Items put on layaway must be paid in full and picked up on or before Dec. 16. There is a $10 cancellation fee for any orders not picked up by that date or cancelled by the customer. Cancellation fees and service fees may vary by state. Contract wireless phones are not eligible for the layaway program.