Walmart's layaway program returns this holiday season

BENTONVILLE, Ark. — After disappearing from its lineup of offerings in 2006, Walmart is bringing back its layaway program in time for the holiday season.

The new Christmas layaway program will encompass two of the season’s most popular gift categories — electronics and toys — and will be available at all stores nationwide from Oct. 17 through Dec. 16.

Walmart phased out its layaway program five years ago, citing declining use and increasing costs.

“We’re always looking for ways to ease budget strain for our customers, and we know this holiday season in particular brings with it additional financial pressure,” Walmart's chief merchandising officer Duncan Mac Naughton said. “Our layaway program for Christmas, along with our every day low prices and great variety of gifts, will provide a worry-free way for our customers to fulfill their families’ Christmas wish lists.”

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