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Wal-Mart to Phase Out Layaway, While Kmart Vows to Keep It Going
BENTONVILLE, Ark. -- Citing declining demand and rising costs, Wal-Mart Stores, Inc. here said yesterday that it would discontinue its layaway program while expanding other financing options. Shoppers will have until Nov. 19 to place items in layaway for this Christmas season, and merchandise must be picked up by Dec. 8, the retailer said. -
Wal-Mart Taps Designer for Holiday Housewares
BENTONVILLE, Ark. -- Wal-Mart's bid to upscale itself continues apace. The company said yesterday it has engaged celebrity lifestyle and design expert Colin Cowie for its first celebrity home line, the Csquared by Colin Cowie holiday home collection, set to launch exclusively at Wal-Mart in October.