Buy now, pay later services replace layaway

Jan 10, 2022
Services like Affirm and Klarna charge interest for allowing consumers to pay for their purchases in installments.
Layaway has become a relic of retail's past.
Brandon Bell/Getty Images

Buy now, pay later services are flourishing

Nov 30, 2021
Millennials are opting for plans that allow them to spread payments without accruing debt or interest.
Younger shoppers have changing attitudes about programs that allow them to spread out the payments of purchases.
Spencer Platt via Getty Images

Stores expand holiday layaway options

Oct 5, 2012
Slow economic recovery means layaway is thriving.

Retailers sweeten layaway plans to lure buyers

Sep 4, 2012
Toys 'R' Us, Sears and Kmart cut fees or offer discounts for layaway plans to lure shoppers and avoid big holiday season markdowns.
Michael Nagle/Getty Images