Toys“R”Us Extends Free Layaway

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By Trey Thoelcke Published
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In its latest attempt to win over customers during the crucial holiday season, Toys“R”Us announced today that it will extend its free layaway plan until Dec. 16. The toy company has offered free layaway since early September, the first retailer of the season to do so. But it had planned to resume its $5 service fee after Oct. 31.

Other retailers also have also upped the ante recently with their layaway and other programs. Wal-Mart Stores Inc. (NYSE: WMT) reduced its upfront fee from $15 to $5. It also offers to match the lower prices advertised by local competitors. Kmart has waived layaway fees for shoppers. Target (NYSE: TGT) does not offer a layaway program but also matches printed advertisements for prices at competitors’ stores, but recently said it would match certain online retailers’ prices as well. Those include Amazon.com Inc. (NASDAQ: AMZN), Walmart.com and Toysrus.com.

Toys”R”Us also announced that it will donate $200 worth of toys to the Marine Toys for Tots Foundation every time a “generous benefactor” pays off the layaway balance of someone in their local communities this year, up to $1 million worth of toys.

Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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