Layaway now available at Toys "R" Us and Babies "R" Us
If you need any indication that the economy isn't quite where folks might think it should be right now, you need to just take a look at stores that are offering layaway now. Last year, Sears reintroduced layaway just in time for Christmas. Other chains, like T.J. Maxx, Marshalls and Burlington Coat Factory also decided last year to reinstate the pay-on-time option. Just last week, Kmart decided to introduce online layaway to its customers. Now, Toys "R" Us and Babies "R" Us stores announced today the "Big Gift" Layaway program and it's -- drumroll please -- just in time for the holidays.
We'd love to think this is all altruistic on the parts of these retailers. But consumer confidence is still not as high as it has been in the past and that means people won't spend as much. Now the good news is when they say the big gift, they mean it. The list of items that can be put on layaway include bikes, televisions and outdoor play equipment, such as metal gym sets, wood gyms sets and trampolines for big kids and car seats, play yards and infant/toddler furniture for the little ones. Still, you won't find game systems -- even the reduced price Wii -- on the list.
Here's the nitty gritty on how this will work, according to media release from the R Us folks: "Placing a product on layaway at any Toys"R"Us or Babies"R"Us store requires a deposit of 20 percent of the total purchase, including all applicable taxes, and a $10 service charge. Payments may be made at the store at any time in the form of cash, check, credit card, debit card or gift card. Merchandise will be made available within 7-10 days of final payment, so items must be paid for in full by Dec. 6 to ensure that the gift is available for pickup before Christmas. A fee will apply to canceled layaway orders."
So, now Mommas, it's up to you to decide what to do for the holidays.
-- Sherry Robinson