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Credit crunch has shoppers, stores bringing…
Tuesday, June 23rd 2026

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Credit crunch has shoppers, stores bringing back layaway

DENVER, COLO, NOVEMBER 17, 2004 - A customer is pushing the cart to her car after the shopping at K Mart in the corner of Alameda and Broadway in Denver on Monday. The retail discounter Kmart is acquiring Sears, one of the most venerable names in U.S. retailing, in a surprise $11 billion deal that will create the nation's third largest retailer. Today's deal creates a company that will use the Sears name, but it was clearly orchestrated by Kmart chairman and Sears shareholder Edward Lampert, who will lead a new board that will be dominated by Kmart directors. (THE DENVER POST PHOTO BY HYOUNG CHANG) the woman did not give me id.
DENVER, COLO, NOVEMBER 17, 2004 – A customer is pushing the cart to her car after the shopping at K Mart in the corner of Alameda and Broadway in Denver on Monday. The retail discounter Kmart is acquiring Sears, one of the most venerable names in U.S. retailing, in a surprise $11 billion deal that will create the nation’s third largest retailer. Today’s deal creates a company that will use the Sears name, but it was clearly orchestrated by Kmart chairman and Sears shareholder Edward Lampert, who will lead a new board that will be dominated by Kmart directors. (THE DENVER POST PHOTO BY HYOUNG CHANG) the woman did not give me id.
By | newsroom@denverpost.com | The Denver Post
PUBLISHED: | UPDATED:
Getting your player ready...

CHICAGO — Layaway — a payment method that became decidedly passe in the 1980s — is being promoted again this holiday season as a way for budget-conscious shoppers to buy gifts without breaking the bank.

Layaway — the practice that allows people to pay for items bit by bit before taking them home — may be unheard of for many shoppers, even though Kmart has offered the option for decades.

Discounter Burlington Coat Factory Warehouse — one of the few remaining national chains offering the option — saw its percentage of layaway sales grow from 4.6 percent in August to 5.3 percent last month. The Associated Press; Post file photo

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