WAYNE, N.J. — After success during the holidays, Toys R Us Inc. said it is extending its layaway program for certain big-ticket items at its toy stores and Babies R Us locations.
Layaway programs, which allow customers to make small payments over a specified period on an item, were once popular with many retailers. During the economic downturn they returned to some stores, including Kmart.
Privately held Toys R Us says its shoppers can use the layaway program for purchases such as swing sets, pools, bicycles and water slides. Babies R Us products including cribs, high chairs and car seats can also be put on layaway.
Requirements of the layaway programs include an initial deposit of 20 percent of the total purchase price, including applicable taxes, and a $10 service charge. The items must be paid in full within 90 days. Payments can be made by cash, credit, check, debit or gift cards.
There are 849 Toys R Us and Babies R Us stores in the U.S. and more than 700 international stores in 33 countries.