Walmart Bringing Back Layaway for Holiday Season

September 9, 2011 Updated Sep 9, 2011 at 12:42 PM EDT

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Walmart Bringing Back Layaway for Holiday Season

September 9, 2011 Updated Sep 9, 2011 at 12:42 PM EDT

Walmart is bringing back its layaway program for the holiday shopping season.

According to a news release issued Thursday, the retail giant announced that a Christmas layaway program for toys and electronics will be available at all of its stores from October 17 through December 16.

“We’re always looking for ways to ease budget strain for our customers, and we know this holiday season in particular brings with it additional financial pressure,” said Duncan Mac Naughton, chief merchandising officer, Walmart. “Our layaway program for Christmas, along with our every day low prices and great variety of gifts, will provide a worry-free way for our customers to fulfill their families’ Christmas wish lists.”

Watch video and read the entire Walmart news release HERE.