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Some HUGE news coming from Walmart recently regarding layaway and Black Friday. Here’s the gist of it:
- Items on layaway that are paid off on Black Friday will be sold at Black Friday pricing.
- You may use coupons on layaway Black Friday items.
- You can price match other stores Black Friday ads (even on layaway items paid off on Black Friday).
- Walmart will begin online Black Friday deals early on Thursday.
This policy has some significant money saving implications. You see a Blu-ray player or TV on sale at Best Buy, put it on layaway at Walmart prior to Black Friday (note that it will be the regular price, but will be sold at the sale price on Black Friday). Then, on Black Friday, bring the Best Buy ad and you’ll be able to get those products at the Best Buy Black Friday ad price. Crazy!
This news was such a shocker to me that I was completely skeptical. I called several of my local Walmarts to see if they were really ready to honor this at the store level.
Of the four local stores I called, one was a resounding yes, two were maybes, and one was no. Granted, these stores may not have been told by corporate yet, but I strongly suggest you call your local store to ensure that they are on board before you go through a bunch of effort to layaway everything in sight.
Do not assume that you will be able to convince the manager amidst the hectic activity of Black Friday. Save yourself a ton of frustration and stress by calling and making sure your store is participating. Also keep in mind that their layaway policy clearly states that they will have limited hours on November 23rd.
Honestly, it may be better to just grab what you want and head to a regular register for price matching other stores deals, than trying to go the layaway route. I am imagining the layaway line being longer than the regular checkouts!
But… if your store is participating, this means that you can score some serious deals. Theoretically, all of your shopping can be done at Walmart and you can ensure that you’ll get the products you want if you put it on layaway prior to Black Friday.
The cost to open a layaway account is $5 and you’ll need a $10 or 10% downpayment. You’ll get the $5 back on a gift card when you pay for your item in full. It includes toys, electronics, small appliances, floor care, refrigerators, jewelry and select sporting goods.
Leave a comment if your store is participating or not.
See all the Black Friday ads!