Holiday layaway plans go glam

The idea of putting a kid’s bike, toys, clothes and shoes on layaway is nothing new.

Last year, stores like Sears and KMart got a big boost from its layaway options. But this year, layaway has gone glam. Diamond rings and other luxury items are now available in some stores through layaway. As more and more consumers shun credit cards, they are looking for payments that are affordable on items they still desire.


“We don’t specifically promote it,” said Dean Abell, the vice president of Sarah Leonard Fine Jewelers in Los Angeles. But he often suggests a layaway plan for his clients, especially for purchases of engagement rings and wedding bands, which can cost up to $35,000.

“Even if people have the money, sometimes they will take advantage of that option to break up the payments without incurring credit card charges,” Abell explained.

Layaway allows shoppers to make an initial downpayment, then make regular payments on the item over a period of several weeks or months. The items are held at the store until it has been completely paid for. A reliance on credit cards made layaway less popular over the years, but its resurgence isn’t expected to diminish anytime soon.

Small galleries and boutiques are now using it as a way to lure customers. Major upscale retailers haven’t turned in that direction yet.

This is a national look at stores offering layaway this year, but stores in certain regions may or may not allow it. Be sure to ask the retailer in your area whether they accept layaway.

Question: Will you use layaway this year? Do you think it’s a good alternative? Do you know of any local boutiques or small retailers offering layaway this year?

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10 comments Add your comment

I Remember Fondly

October 15th, 2010
3:00 pm

Yes, layaway is,and has always been, a great idea for customers.

Of course, that was back when the average car cost 3 months the national average wage, and houses cost around 3-5 years the annual average wage.

I use to purchase all my electronics using layaway and most of the stuff still works. Perhaps if Circuit City had continued their layaway policy they would still be around.


October 15th, 2010
3:54 pm

I WAS huge layaway fan at TJMaxx. I definitely spend less there since they cut out layaway. I also miss the layaway options at Wal-Mart during the holidays.

Born with a tan.

October 15th, 2010
4:18 pm

Kmart still has their lay-away.

Old devil

October 15th, 2010
9:41 pm

Robins Bed & Mattress in Warner Robins, GA has layaway on Tempurpedic, Serta Paula Deen Home, Simmons Beautyrest, and plenty of furniture for the whole family. Just call Robin at 478-971-1220 for details.


October 16th, 2010
12:04 pm

OMG!!!!!!!! I LOVEeeeeeeeee layaway. I am the queen. Certain TJ Maxxs still have it here in Georgia. Marshalls still has it. Walmart is a bummer that it’s gone just when I was looking to buy a flat screen. Some consignment shops have it as well, even the high end ones in North Atlanta. Just stay organized if you’re juggling more than two at a time,and do go and get your stuff. You shopped for it, now go and get it.


October 16th, 2010
12:25 pm

TJ maxx cancelled their layway service sometime ago. Back then I use to put high amounts on layway and since the Dunwoody location no longer has it. They lost me as a customer. Too bad because I never cncelled my layways.


October 16th, 2010
12:49 pm

AJ Wright also has layaway – the store has a Marshalls/TJMaxx/Ross feel to it.


October 16th, 2010
12:54 pm

I love layaway. I had to stop shopping at TJMaxx when they ended it too. I really love that store but I bought most of my work wardrobe and kids clothes on layaway. I’m just glad Walmart ended it after the kids got older. I did a layaway every couple of months. I always get my layaways out. It’s just a great way to shop without using the credit card. Marshall’s has always been a favorite. My son can get all the name brand he wants there without the mall prices. I can’t say enough. Plan on going to Sears soon to put a TV on layaway. I wish more stores would go back to it.

say what?

October 16th, 2010
2:30 pm

Lay away went away when credit cards were given away as long as you were not in jail. Businesses thought it a great idea to offer store branded credit cards so as to maintain loyal customers. Not having storage area for lay away helped with the expense bottom line as well.
Now that the credit bubble has burst I would love to see more stores expand the offerning of lay away plans. Will probably use Kmart/Sears for a few items for kids and grandkids this year. Older family will get gift cards.


October 17th, 2010
1:32 pm

Drey, I’m lost but uhmm so you use Layaway huh?