It used to be that savvy shoppers would begin the hunt for Christmas gifts in May, taking advantage of store-based layaway programs to spread out payments and get shopping done early. But it appears that layaway may be going the way of the dinosaurs.
Some stores that once offered layaway options to customers have now dropped those programs in favor of “buy now, pay later” programs like Klarna, Afterpay, and Affirm, according to CNBC. Just recently, Walmart announced that for the first time in the company’s history, it won’t be offering layaway this year, and is instead suggesting customers make purchases with Affirm.
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