A large man carrying three stuffed red sacks passed me in Toys R Us recently. The manager and I exchanged looks. Huh?
“Having fun playing Santa?” she called after the man.
He pushed on, disappearing between two doors at the back of the store.
“Is that…?” I quizzed.
“Those are our layaway purchases,” she said.
“Ohhh. How is that program going this year?”
“It’s the first time we’ve done it store wide, except lotions and some small items, and it’s really keeping us busy.”
I was stunned. Layaway popular? Many stores are promoting their layaway programs, but I didn’t realize consumers were responding in such great numbers. As Yazmin noted in an earlier post, “It would be less expensive to use a credit card and pay it off entirely when your bill arrives.” If you don’t have a credit card, however, and lack restraint or need motivation, layaway may work for you.
Just keep in mind most programs charge a fee for the privilege of buying the item through layaway. And some programs lock you into that day’s price so if a sale or coupon comes up, nothing you can do about it.
Are you using or planning to use layaway this holiday season? I am not!