Retail Analyst: Consumers Benefit From Layaway

from National Public Radio

Retail analyst Howard Davidowitz says the economy has forced many retailers to again offer layaway. Most retailers had stopped because it was not economical for them. Davidowitz tells Ari Shapiro that layaway has some advantages for consumers — but they better make sure they will be able to make the final payment, or they will lose the money they already have paid into the item.

Broadcast Dates

• Morning Edition, August 31, 2009