What Stores Still Offer Layaway Today?

Layaway is a payment method allowing consumers to reserve an item by making an initial deposit and paying the remaining balance in installments over time. Originating in the 1930s, it provided a way for shoppers to acquire desired merchandise without immediate full payment, especially for those without access to traditional credit. While its popularity waned with the rise of credit cards in the 1980s, layaway has seen a resurgence, particularly during economic shifts, as consumers seek alternatives to credit-based financing.

How Layaway Works

A customer selects an item they wish to purchase and designates it for layaway at the store’s customer service. An initial down payment secures the item, which the retailer holds in storage. The store and customer establish a payment schedule, typically involving regular weekly, bi-weekly, or monthly installments over a defined period.

Customers make scheduled payments until the full purchase price is satisfied. The retailer retains possession of the merchandise throughout this period. Once all payments are completed and the balance reaches zero, the customer can then pick up their item. This allows consumers to budget for larger purchases without incurring debt or interest charges.

Stores That Offer Layaway

While traditional layaway programs are less common than in previous decades, several retailers and types of stores continue to offer this payment option. Discount department stores often maintain layaway services, with Burlington being a prominent example that provides a year-round program. Other retailers like Kmart and Sears still offer layaway, sometimes with options for online setup and in-store pickup. Many large retailers, such as Walmart and Target, have transitioned away from traditional layaway, instead partnering with “Buy Now, Pay Later” (BNPL) services like Affirm.

Beyond major chains, layaway remains prevalent in specialized retail sectors. Jewelry stores and furniture outlets frequently provide layaway plans, recognizing the higher price points of their merchandise. Smaller, independent businesses and regional chains, such as Baby Depot, Army & Navy, Hallmark Gold Crown stores, and Academy Sports + Outdoors, may also offer layaway, often with specific terms. Availability can also be seasonal, with some stores reintroducing layaway during peak shopping periods like the holiday season. Given varied offerings, contact individual store locations to confirm current layaway policies and eligible items.

Key Aspects of Layaway Programs

Layaway programs come with specific terms and conditions. Most retailers charge a service or setup fee, which can range from approximately $5 to $15, to cover the administrative costs of holding the item. A down payment is typically required, often a percentage of the item’s total price, commonly falling between 10% and 20%, or a fixed minimum amount. The duration of layaway contracts varies, generally spanning from 30 to 90 days, or sometimes 8 to 12 weeks, with payment frequencies set for weekly, bi-weekly, or monthly installments.

Cancellation policies are important; if payments are not completed, most agreements stipulate a cancellation fee (around $10-$20) and sometimes a restocking fee. While the service fee is usually non-refundable, any payments made beyond the fees may be returned as store credit or a partial refund, depending on the retailer’s policy. Not all merchandise is eligible for layaway; common restrictions include clearance items, marked-down products, perishable goods, or specific high-demand electronics. Customers should also inquire about how price adjustments, such as sales, might affect their layaway item, as the locked-in price may not always reflect subsequent discounts.