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Published: Tuesday, 8/21/2012

Wal-Mart to expand layaways for holidays


BENTONVILLE, Ark. -- Wal-Mart Stores Inc. is expanding its layaway program for Christmas.

The new interest-free pay-over-time program will last a month longer than last year's and will include more items than the toys and electronics featured last year.

The return of layaway, announced Monday, is occurring after the discounter, based in Bentonville, Ark., experienced slower sales at its namesake U.S. business, according to its latest quarterly results.

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