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Released: September 09, 2011
Wal-Mart to bring back layaway for holidays
Source: Stephanie Clifford, NY Times (Free Registration)
Wal-Mart said on Thursday that it planned to bring back its layaway payment plan for the holidays, an indication that shoppers at the nation’s largest retailer were feeling more and more strapped. Wal-Mart had discontinued layaway in 2006, saying that so many customers were using credit cards or gift cards that the program was obsolete. Now, though, consumers are demanding it, said Duncan Mac Naughton, chief merchandising officer for Wal-Mart’s United States stores.Read Full Article: Wal-Mart to bring back layaway for holidays
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