Sears Brings Back Layaway

After almost 20 years of doing away with its layaway program, Sears has once again made it a purchasing option in all of its departments with exception of home appliances and home electronics. Retailers such as Sears are seeing a resurgence in the use of layaway programs to help shoppers during the current difficult falling economy.

"In this difficult economic climate, extending the layaway program at Sears is an easy decision and one that we hope will provide additional value to our customers." said Don Hamblen, Sears' chief marketing officer.

Sears Layaway Policy

• Program available in Full Line and Sears Hardware Stores (not available in Automotive, Dealer, Outlet Stores)

• Eligible merchandise: must be in-store merchandise.

  Excludes:

  • Home Electronics
  • Home Appliances
  • Automotive Merchandise
  • Consumables
  • Beer/Wine, Licensed Business
  • Gift Cards
  • Doorbusters and Early Open Specials.
• Does not affect existing Fine Jewelry layaway program (6/12 mos)

• Total down payment of $15.00 or 20 Percent, whichever is greater.

• $5.00 non-refundable service fee in all states except Maryland ($1)

• $10.00 cancellation fee will apply.

• Program launched storewide on Sunday, Nov. 16.

• Last day to add new layaways is Monday, Dec. 22nd.

• Layaways must be paid in full by Tuesday, Dec. 23rd.

(Photo by Yvonne Hemsey/Getty Images)