Transcript: Retail Analyst: Consumers Benefit From Layaway

ARI SHAPIRO
NPR Morning Edition
08-31-2009
Retail Analyst: Consumers Benefit From Layaway

Host: ARI SHAPIRO
Time 11:00-12:00 PM


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ARI SHAPIRO, host:

For more on this trend, we turn to retail analyst Howard Davidowitz. He says layaway has some advantages for the consumer.

Mr. HOWARD DAVIDOWITZ (Retail Analyst): It is a very good program, as long as you can make the final payment. If you can't, you will forfeit the money that you paid, and there may also be an additional $10 fee. So that yes, it is a very good deal. It's growing in a few areas. It's really not that big. There is a site, eLayaway.com that claims they're doing very well and a thousand retailers are participating. At ...

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