The end of Layaway

Some American consumers are finding it hard to say goodbye to the system of layaway. Wal-Mart was the latest retailer who decided to stop offering the service. KMart and TJMaxx are continuing with the program as of now, though.

Wal-Mart now joins a long list of retailers - including Macy's, Bon-Ton, Kohl's, Circuit City and Target - that do not have layaway. "Retailers have found they can make better use of their employees' time," said Ellen Davis, spokeswoman for the Washington, D.C.-based National Retail Federation. "Today, I think the retailers that offer layaway are the exception, not the rule."

Read the full article here in Buffalo News.