As of 2014, Target does not offer any layaway services for its customers. Competing retailers, such as Walmart and Kmart, do offer layaway as of 2014. Department stores, such as Sears and T.J. Maxx, also offer the service.
Layaway can be beneficial for shoppers who don't have enough money to pay off the full balance of their items. It's also suitable for those who wish to pay in smaller installments over a period of time. The downsides of layaway are that shoppers have to wait and pick up their purchases at a later time, that fees may be incurred and that they may have to follow the store's payoff schedule. In addition, some stores don't let shoppers cancel the layaway orders.