Wayne, N.J. Toys “R” Us is introducing a layaway program for larger-ticket items such as bikes and cribs ahead of the holiday season, the company said Monday. The program is effective immediately in stores nationwide. Customers can put a variety of items on hold and make a series of payments until the item is paid in full.
The company said the program is likely to keep going after the holidays, though terms may change.
Products included in the program include bikes, doll houses, play kitchens, karaoke machines, car seats, cribs, strollers and other items.
Customers putting a product on layaway must deposit 20% of the item's price, all applicable taxes and a $10 service charge. Payments may be made in stores at any time. Items must be paid for by Dec. 6 to be available for pickup before Christmas, the company said, and items will be available seven to 10 days after the final payment.
A $5 fee applies to canceled orders. Terms may vary by state.