Quote:
Originally Posted by 33girl
A lot of people put things on layaway because:
1) If you wait for it to get reduced it ends up being gone and your daughter throws a fit because she didn't get the Bratz Lil' Hobags Playhouse;
2) People receive Christmas bonuses.
This is an extremely bad PR move for Walmart. They've got enough money to pay the staff and deal with the storage issues. This is going to make them look like they don't care about the people who use layaway.
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It may be a bad PR move for Walmart, but it's probably a ridiculously good business move - shifting all of these transactions to some sort of 'zero-interest/6 mo' deal on a Walmart CC will keep the same low-end buyers, eliminate overhead and allow the low-end buyer to hang themselves over the altar of bad spending habits when they inevitably run through the no-interest period.
It's exactly the same deal that turned Capital One into a juggernaut - there's no reason for Walmart not to utilize the same model, they certainly have the ability.