Department stores that offer layaway programs include Kmart, Walmart, Sears and Burlington Coat Factory. Each of the stores usually require a down payment and have a certain cut-off time for the layaway item to be picked up.
Kmart offers layaway without any service charges. Layaway purchasers are required to put $15 down or 10 percent of the total layaway purchase when they open the layaway account. The layaway program that is offered by Kmart is an eight-week program.
Walmart allows their shoppers to put electronics, toys, small appliances and jewelry on layaway. The store requires that the person doing the layaway put down $10 or 10 percent of the total layaway. Walmart charges a five dollar service fee that is reimbursed at the end of the layaway term. As of 2014, all layaway purchases, no matter what time of year they were started, must be picked up by December 14th.
Sears has a layaway plan that allows shoppers to pay for their layaway over an 8-week period. The purchaser must put $20 or 20 percent down on the layaway.
Burlington Coat Factory has a 60-day layaway program that allows users to put a $5 service fee and 20 percent down on purchases for layaway.