Walmart Tries Yet Another Approach To Layaway

It's August, which means it's time for Walmart's (NYSE:WMT) annual ritual of tweaking its holiday layaway offer. For this year's layaway season, which Walmart is starting Sept. 13, the retail giant is getting rid of its $5 fee for shoppers to put an item on layaway, but it has brought back the $10 charge for canceling. That actually makes sense, since Walmart wants customers in the program but doesn't want them to quit without finishing the purchase. Walmart brought back layaway in 2011, and has been adjusting it ever since—sometimes not waiting a year before making changes. Last year, for example, the retailer tripled the layaway fee to $15, but backtracked two weeks late. We're sure they'll figure it out eventually. Story