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Toys "R" Us and Walmart battle for layaway dollars
Toys "R"Usenhanced its layaway program by dropping some fees and Walmart quickly responded.
Toys "R" Us dropped the $5 service fee and minimum purchase requirement from its layaway program in a bid to capture sales of those who begin their holiday shopping early.The company said it changed the rules for its layaway program, instituted in 2009, to waive the $5 upfront service fee and eliminate the minimum purchase requirement for all orders created in stores through October 31.
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Toys ‘R’ Us debuts free layaway for the holidays
Wayne, N.J. -- Toys “R” Us said Tuesday that it will waive upfront service fees for its holiday layaway program, kicking off immediately and running through Oct. 31.
The retailer will also remove its minimum purchase requirement, and customers have until Dec. 16 to pick up orders.
Year-round layaway programs will continue, but will have the customary $5 service fee attached.