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Walmart offers ‘layaway’ service during summer

Walmart will offer layaway service during the summer.

Walmart will offer layaway service during the summer.

Aware of the benefits that its layaway program represents for Puerto Rico consumers, mega-retailer Walmart announced Monday it has activated its program at its six stores and 12 mega-stores throughout the island.

“The layaway program is one of the most used options by Puerto Rican families because it allows them to manage their budget better,” said Bruni Torres, corporate affairs manager at Walmart Puerto Rico. “At the request of our customers we’ve decided to offer this option from June 8 to Aug. 11, 2013 and it will apply to most departments.”

Walmart previously activated its layaway only during the holiday season. Among the item categories that will be available for layaway are: electronics, sporting goods, home goods, clothes, shoes, appliances, fans and air conditioners, furniture, mattresses, office and school supplies, as well as jewelery and optical products.

Walmart requires that the item to be put on layaway costs $15 and up and the total layaway purchase must be a minimum of $50. The layaway requires a deposit of $10 or 10 percent of the purchase, whichever is greater, and will apply to the total purchase. Upon paying off the layaway, Walmart will reimburse the client the applicable $5 layaway fee on a gift card.

Author Details
Author Details
Business reporter with 29 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other segments of Puerto Rico’s economy.

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