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Wal-Mart eliminates entry fee for layaway program
First Published Aug 21 2013 09:08 am • Last Updated Aug 21 2013 09:14 am

NEW YORK • Wal-Mart Stores Inc. is getting rid of the $5 entry fee for customers wanting to open its interest-free, pay-over-time program for holiday gifts.

The move comes as the world’s largest retailer is seeing that its low-income shoppers remain pinched in an uncertain economy.

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The holiday layaway program is slated to kick off Sept. 13 and will last until Dec. 13. About 35,500 items will be available, 1,000 more than a year ago. At the same time, Wal-Mart is bringing back its $10 cancellation fee that was eliminated last year.

Wal-Mart phased out its layaway plan in September 2006 — roughly a year before the recession began — with the exception of jewelry. But the Bentonville, Ark., retailer brought back the program for the holiday season in 2011.




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