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  1. #1
    Future's in the past....
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    11.03.17 @ 01:35 PM
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    Default With tougher economic times, layaway makes a comeback

    The return of layaway!

    http://www.tampabays10.com/news/loca...?storyid=93075



    A payment method that became decidedly passe in the 1980s is being promoted again this holiday season as a way for budget-conscious shoppers to buy gifts without breaking the bank.

    Layaway -- the practice that allows people to pay for everything from tools to televisions bit by bit before taking their items home -- is back in advertisements for the first time in years for discount chain Kmart.

    In a national campaign launched last week, the ads proclaim "beat the rush and pay the easy way with Kmart layaway." They mark the first time many shoppers have even heard the phrase, even though the chain has offered the option for decades.

    "In the backdrop of this economy, it all of a sudden has a great deal of relevance," said Tom Aiello, a spokesman for the Hoffman Estates-based subsidiary of Sears Holdings Corp.

    Discounter Burlington Coat Factory Warehouse Corp. -- one of the few remaining national chains offering the option -- saw its percentage of layaway sales grow from 4.6 percent in August to 5.3 percent last month.

    Layaway, which has its roots in the Great Depression, was largely eclipsed in the past two decades as economic prosperity grew and consumers began lining their wallets with credit cards. One of the last large holdouts, Wal-Mart Stores Inc., discontinued the practice in 2006, citing falling demand and rising costs, leaving a smattering of discount chains, independent retailers and Web sites to offer the option.

    TJX Cos. offers layaway in some of its Marshalls and TJ Maxx stores, but said it couldn't say whether it plans to expand the payment option or whether it expects layaway sales to climb this quarter.

    Wal-Mart spokeswoman Linda Blakley said the company has no plans to bring back layaway, which it said can mean higher prices for customers.

    At Kmart, shoppers pay a $5 fee and put 10 percent down, while making payments over an eight-week period.
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  2. #2
    Sinner's Swing! graeme's Avatar
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    11.19.17 @ 09:41 AM
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    Default

    Interesting stuff. Things are changing that's for sure.

    In the UK, pawnbroking, which was a dying relic from another era, is now making a huge comeback too. I can't remember the percentage increase in trade but I do remember that new stores were being opened at a very fast rate by the UK's largest chain.

    The guy being interviewed said that business was booming, jewelery of course being choice number one.

    I can see skill sharing making a big comeback soon too. And maybe people might start repairing things again.
    A man could lose himself in a country like this.

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  3. #3
    Atomic Punk smithjc's Avatar
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    08.04.17 @ 11:33 PM
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    I used layaway all the time at Kmart. I'm glad it's back b/c I really need it for Christmas. Well, Santa needs it.
    RIP - Classic Van Halen

    "A lot of people take Van Halen more seriously than we do." The Diamond One



  4. #4
    Good Enough weesfreewheelin's Avatar
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    07.19.17 @ 06:26 PM
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    Quote Originally Posted by graeme View Post
    I can see skill sharing making a big comeback soon too. And maybe people might start repairing things again.
    We could definitely use more tech schools for this exact reasoning. A tangible trade, thats where it's at
    Know Roth
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  5. #5
    Gird your loins Daisy Hill's Avatar
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    12.17.17 @ 11:45 AM
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    Default

    when you have kids layaway ROCKS at Christmas time ....put all your stuff in before Thanksgiving..get the goods, and have they store it for you!

    Also fantastic at back to school....do all your shopping and not have to get the sweaters and coats out til the middle of October....for just a small fee!

    On the other hand, my first job was working in the layaway department of a discount store and you would be appalled at the stuff that got "lost"...in fact that's why I quit...got tired of getting yelled at by people who came to claim something that just disappeared....I believe the dept manager was taking stuff home with her. I mean really, can you just :"lose" a chair and a christmas tree (already assembled?)

  6. #6
    Good Enough
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    12.15.17 @ 12:03 PM
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    Default

    I used to work at wal-mart during college, and lay a way was the worst...holy crap what a cluster fuck that was. Peoples stuff would always get lost, there were so many irate customers around xmas time it wasnt even funny.
    Dealing with it.

  7. #7
    Eruption
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    01.10.13 @ 08:45 PM
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    Default

    Have you always had to pay a fee to us layaway, I don't remember that.

  8. #8
    Hang 'Em High
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    12.17.17 @ 10:02 AM
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    Default

    With tougher economic times, layaway makes a comeback

    I'd rather prefer:

    With tougher economic times, getting laid makes a comeback

    ~~8 U.S.C. 1182(f)~~

  9. #9
    Baluchitherium
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    12.13.17 @ 02:13 AM
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    Default

    Quote Originally Posted by The Rover View Post
    I'd rather prefer:

    With tougher economic times, getting laid makes a comeback
    Oh, it does!

    "When The Economy Goes Down Something Else Goes Up: Condom Sales"
    Last edited by VegasVic; 10.30.08 at 03:05 PM.

 

 

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