Filed under: Sears Holdings, Wal-Mart Stores, Target Corp, TJX, Retail, Best Buy
Layaway became obsolete in the bubble years, an anachronism from bygone times when many consumers couldn't or wouldn't access credit. In today's rough economy, layaway is making a comeback for the holiday season. But for investors who hold certain retail stocks, this may mean lumps of coal in their portfolios come holiday time.Sears Holdings (SHLD), which includes Kmart, was the first big-box retailer to bring back layaway in a major way in 2008. This year, discount giant Walmart (WMT) and...
Will the Layaway Revival Come Back to Bite Retailers? originally appeared on DailyFinance.com on 2011-10-10T15:45:00Z.
