Will the End of Lay-away Be Wal-mart's Downfall?

Will the downfall of Wal-mart soon be upon us? If they do away with the law-away department I believe they will be losing a lot of customers. I have to agree with the article written by Brandy Ogden - Wal-mart Layway Department. 

Every year people start their back to school and Christmas shopping a few months early so they can place it on lay-away and have that time to make payments. Now that option is being taken away at the Wal-mart stores. I have done my shopping at Wal-Mart for years and every year I use the Wal-Mart layaway for my Christmas shopping. I have even used the Wal-Mart lay-away when I wanted to redecorate my bathroom. I put all the things I needed such as the shower curtain, throw rugs, curtains, and bathroom set on law-away until I could afford to pay it off. This way I new the items I wanted would be there when I was ready for them. People depend on Wal-mart’s lay-away program when it comes to holiday shopping. Someone on a fixed income might not be able to do much shopping at Wal-Mart now because they won’t have anyway of getting the items and paying for them on payments. Several customers I am sure will be switching where they do a lot of their shopping for holidays and back to school. Wal-Mart thinks they will save money by eliminating the layaway department, but I have to think they will lose money in the long run when all their loyal customers that depended on the lay-away to do their shopping will be finding other places to shop. Wal-marts said they are going to offer alternative financing programs to people. Well I hope they plan to include a program for low income or people that have bad credit. Sure we could use credit cards to do our shopping and be able to make payments on the items like we did with the layaway but if we did that we would have to pay interest.