The comeback of layaway - WALB.com, Albany News, Weather, Sports

The comeback of layaway

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Darton College receives new honor

    Darton College receives new honor

    Friday, August 29 2014 11:37 PM EDT2014-08-30 03:37:42 GMT
    Darton State College receives a new honor.It is ranked 6th in the country among mid-sized colleges in the Center for Digital Education's annual Digital Community Colleges Survey.More >>
    Darton State College receives a new honor.It is ranked 6th in the country among mid-sized colleges in the Center for Digital Education's annual Digital Community Colleges Survey.More >>
  • NFL domestic violence punishment a step in the right direction

    NFL domestic violence punishment a step in the right direction

    Friday, August 29 2014 11:34 PM EDT2014-08-30 03:34:28 GMT
    Silke Deeley, Liberty House Executive DirectorSilke Deeley, Liberty House Executive Director
    The director of an Albany women's shelter is glad the NFL is sending a strong message against domestic violence .Yesterday, NFL Commissioner Roger Goodell put tough new punishments in place for players who commit domestic violence. More >>
    The director of an Albany women's shelter is glad the NFL is sending a strong message against domestic violence .Yesterday, NFL Commissioner Roger Goodell put tough new punishments in place for players who commit domestic violence. More >>
  • Albany fire department recruits 15 firefighters

    Albany fire department recruits 15 firefighters

    Friday, August 29 2014 11:29 PM EDT2014-08-30 03:29:55 GMT
    Richard Lynn, Albany FirefighterRichard Lynn, Albany Firefighter
    More than a dozen men and women begin their careers as Albany firefighters. Within a couple of hours, some of those men and women will work at stations throughout the county to serve and protect our community.More >>
    More than a dozen men and women begin their careers as Albany firefighters. Within a couple of hours, some of those men and women will work at stations throughout the county to serve and protect our community.More >>

By Cade Fowler - bio | email

November 18, 2008

ALBANY, GA (WALB) - Melissa Jacobs is getting a head start on her Christmas shopping.

Pushing a shopping cart filled with toys, she says, "I got two Razor scooters, an art studio, Leap Frog tag, Monopoly, and Deal Or No Deal."

The mother of three wants plenty of gifts for her kids under the tree come December 25th. But like many shoppers this year, paying for them in full is not an option. That's why she's taking advantage of Kmart's layaway program.

"It makes it a lot easier. You don't have to worry about coming off with all the money at one time. My kids can normally get what they want for Christmas because it's easier to pay on layaway," she says.

Store management with the Albany Kmart says layaway took off in early fall and hasn't slowed down. Literally thousands of items are stocked high and wide for customers ranging from toys to electronics. The fee is just $5 with a minimum down payment.

But in what is expected to be one of the worst holiday shopping seasons in years, layaway comes as good news to cash strapped consumers. The slowing economy has revived the program which for the past twenty years, fell way of credit cards.

The resurgence caught the attention of Kmart parent company Sears Holdings Corporation which just last week announced it was bringing back layaway for the first time in almost 2 decades to nearly all Sears department stores.

"With the current economic conditions and the credit crunch, the customers can have a little leeway to pay out some things over a 30-day period roughly," Kevlin Tompkins, Sears operations manager.

It's a program with deep roots - renewed by the slowing economy - making things a little easier for customers this Christmas.

When asked what she would do without layaway, Jacobs says, "I couldn't imagine. My kids probably wouldn't be getting half the things they're getting if it wasn't for layaway."

Feedback