On August 31, Walmart opened up its holiday layaway service so customers can begin their Christmas shopping. Layaway allows customers to reserve an item with a deposit. After making periodic payments, customers can take the item home when the balance is paid off. Layaway fees often cost customers less than interest on a credit card.
Walmart only offers layaway for in-store shopping. It is not available for online purchases.
Sears offers a layaway program that's available year-round, as does Kmart. Target does not provide a layaway service.