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On Novemeber 19th, 2006, Wal-Mart will not accept anymore layaways. Wal- Mart says they will not see a decrease in sales and will encourage more people to get their low interest credit cards.
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Just what the typical Wal-Mart customer needs...a credit card. I hardly see the "low-interest" tag in front of it, since we all know that it really means "limited time low interest rate".
Wal-Mart is probably tired of customers who lay-a-away several hundred dollars worth of Christmas gifts, only to find out they don't have that much money come December. The customer will do the only logical thing and pay for whatever they can afford, and leave the rest. With a credit card, Wal-Mart doesn't have to worry about losing sales to a minor issue like their customer not being able to afford it...they'll get their money + interest!