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Christmas In August: Walmart's Holiday Layaway Starts Early

DETROIT (WWJ/AP) - Ready or not, the Christmas season is starting to descend on metro Detroit -- and it's only August.

Walmart is giving customers a head start on holiday shopping, launching its annual layaway program two weeks earlier than last year.

Shoppers at Walmart can put their items on hold starting this Friday, August 28. Each item must cost $10 or more, down from the $15 limit last year. All items held must be worth a total of $50. Customers will have more time to pay for their items this year, 90 days instead of the 60 days they were given last year.

It's the latest sign of retailers getting more aggressive about grabbing holiday shoppers early. Stores have offered holiday discounts earlier as they battle competition from online retailers.

TM and © Copyright 2015 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2015 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

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