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Layaway: Dusting off a Depression-era idea

USA: Sears Holdings is bringing layaway back to its namesake stores next week, nearly two decades after it was scrapped, after seeing a strong response to the pay-as-you-go plan at its Kmart locations.

By Ashley M. Heher

18 Nov 2008

The move comes as shoppers look for ways to save money during what's expected to be the worst holiday shopping season in decades.

Layaway will be available beginning Sunday in virtually all Sears departments except home appliances and home electronics, following the success of the reinvigorated program at the company's discount chain.

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