BizSugar.com › Sales › How to Capture Holiday Sales by Offering Layaway

Remember layaway programs? If you’re a Baby Boomer like me, you probably remember your parents paying for purchases like the family’s winter coats, a new dining room set or other major purchase “on layaway.” Here’s how it works: The customer essentially puts a product “on hold” with a retailer, then pays a certain amount per month until the entire cost is covered, at which point he or she picks up the item.