(CBS) — Walmart will no longer offer items on layaway this holiday shopping season.
The retailer said consumer shopping habits have changed.READ MORE: Record Fall Warmth: An Unprecedented Autumn In New England
“Last holiday season, we removed seasonal layaway from most of our stores with the exception of select jewelry items at select stores, and based on what we learned, we are confident that our payment options provide the right solutions for our customers,” a Walmart spokesperson told WBZ-TV.READ MORE: As Pediatricians Get Ready To Give COVID Vaccine To Children, Some Doctors Say Review The Data
Walmart says for those interested in buying now and paying later it offers monthly installment plans through financial company Affirm.MORE NEWS: 'We Thought It Was Going To Explode' Fans On Way To ALCS At Fenway Talk About Houston Plane Crash
There are no fees through the installment plan, but customers pay interest rates of between 10% and 30% depending on their credit.