Toys"R"Us Extends Free Layaway

In its latest attempt to win over customers during the crucial holiday season, Toys"R"Us announced today that it will extend its free layaway plan until Dec. 16. The toy company has offered free layaway since early September, the first retailer of the season to do so. But it had planned to resume its $5 service fee after Oct. 31.

Other retailers also have also upped the ante recently with their layaway and other programs. Wal-Mart Stores Inc. (NYSE: WMT) reduced its upfront fee from $15 to $5. It also offers to match the lower prices advertised by local competitors. Kmart has waived layaway fees for shoppers. Target (NYSE: TGT) does not offer a layaway program but also matches printed advertisements for prices at competitors' stores, but recently said it would match certain online retailers' prices as well. Those include Amazon.com Inc. (NASDAQ: AMZN), Walmart.com and Toysrus.com.

Toys"R"Us also announced that it will donate $200 worth of toys to the Marine Toys for Tots Foundation every time a "generous benefactor" pays off the layaway balance of someone in their local communities this year, up to $1 million worth of toys.

Read Full Story

Markets

DJIA 21,394.76 -2.53 -0.01%
NASDAQ 6,265.25 28.56 0.46%
S&P 500 2,438.30 3.80 0.16%
NIKKEI 225 20,132.67 22.16 0.11%
HANG SENG 25,670.05 -4.48 -0.02%
DAX 12,733.41 -60.59 -0.47%
USD (per EUR) 1.12 0.00 0.40%
USD (per CHF) 0.97 0.00 0.01%
JPY (per USD) 111.28 -0.01 -0.01%
GBP (per USD) 1.27 0.00 0.33%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.