Retailers Trying To Get Consumers In Their Stores
Remember those days when you could pick out all the items you want, and then pay for them each week at your local store? Okay, maybe not everyone did that, but I remember doing this sort of thing when wanting to buy some “big” ticket items. Those days seem to be back. Sears announced it is rolling out layaway! You shop for what you want and then make a small down payment, then you are done. Layaway is not a common thing these days, however with the economy retailers are doing whatever it is they can do to get consumers in their stores for the holidays
What happened to layaway and why did it pretty much disappear? According to creditcards.com, the rise in credit cards being issued erased the high demand for layaway. Now with consumers having maxed out credit cards, delinquent mortgages, and jobs disappearing, retailers are trying to come up with ideas on how to get that limited amount of consumers in THEIR stores. Other stores that I found offer layaway are: Burlington Coat Factory, TJ Maxx, and also take a look at elayaway.com, because this website offers a layaway service.
So, why would Leadpile Lead Exchange be writing about “layaway”? As I have stated in previous posts, we see consumers that are in all sorts of financial situations. Seeing stories such as retailers rolling out an old idea in this tough economy, gives me optimism that there is possibly some light at the end of the tunnel. Every little piece will help those consumers and the economy get headed in the right direction!