Stores that still have layaway programs include Kmart, Toys R Us and Burlington Coat Factory. To use layaway, customers choose items, pay fees to put the items on hold, and pay off the items over a designated time period.Continue Reading
Customers can use Kmart's layaway online or at select store locations. The store returns merchandise to stock seven days after a missed payment. Customers can choose an eight-week or 12-week payment plan, and payments must be made every two weeks. Layaway accounts require $10 down payments and $5 service fees for eight-week payment plans and $10 service fees for 12-week payment plans, as of June 2015.
Toys R Us allows customers to make layaway payments online or in a store. A customer must deposit 10 percent of the total cost plus pay the $5 service fee to open a layaway account. The customer may take her items home immediately after making final payments if paying in a store. If a customer pays online, the company notifies her when her items are available.
Burlington Coat Factory offers layaway in stores. The customers takes her purchases to the customer service desk and pays 20 percent of the total cost plus the $5 service fee to open a layaway account. The company charges $10 for layaway cancellation or any changes to layaway accounts. Customers receive refunds in the form of gift cards.Learn more about Corporations