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Walmart tweaks layaway fees to match rival
Walmart this week modified a layaway program that had yet to begin after Toys "R" Us said it wouldn’t charge a service fee and lifted minimum purchase requirements for its program.
The layaway saga began in late August when Walmart said the start date of its layaway program would begin on September 16, a month earlier than the prior year. Curiously, Walmart also said at that time the fee to open a layaway account would increase to $15 from $5 the prior year.
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American Eagle to expand store base into the Philippines
Pittsburgh -- American Eagle Outfitters said Thursday it has struck a deal with Suyen Corp. that will see the AEO banner open throughout the Philippines.
American Eagle signed a multiyear retail license agreement with Suyen, which operates more than 700 stores under various banners in the Philippines, along with 126 franchised stores in the country. Financial terms were not disclosed.
The first stores in the country, which will consist of standalone and in-store shops, are slated to open spring 2013.