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Quote:

Originally Posted by ToyAddict

Anyway, layaway may or may not be profitable in and of itself for KMart. It's possibly a "loss leader" to get people into the store and buy from them.

And believe me, Walmart is the king of loss-leaders. Undercutting their competition is probably the single biggest reason they are as big as they are today. Well, that and underpaying their employees.

Quote:

Originally Posted by Crazy Jetty

And the reports of Walmart losing a lot of money on it are wrong. it wasn't terribly profitable for them, but they weren't losing anything significant. Barily anyone used layaway outside of Back to school and christmas.

I didn't say they were losing a lot of money on it, I just said that they were losing money period. Apparently it was a wide-enough margin of loss that Walmart couldn't justify continuing it.

Quote:

Originally Posted by Runamuck

I agree with your post. Bring back Layaway! I know my folks used it a lot when I was a kid.

I'd love for them to bring back layaway year round, too. I used it as a way to better control my impulse buying and ensure that the ones I really wanted didn't get snatched up before I was able to buy them.