How price-matching can save you money this holiday season (2024)

target is one of the stores changing its price is based on your location depending on your exact location. Prices for the retail store can either be higher or lower. It all comes down to where you're standing, huffpost says Target and other retailers such as wal mart and Amazon practiced the price change, which as sketchy as it sounds. It's not illegal. In fact, it is known as dynamic pricing. Amazon, for example, changes its prices every 10 minutes. It can also adjust prices once it sees a consumer's behaviour. Target makes use of dynamic pricing based on whether app uses were shopping from in or outside a store. One explanation is that if someone is near a store, they've most likely reveal their commitment to shop. But if that person is further away and it's not committed, the apps algorithm is programmed to offer a better deal to save money. A target, Make sure you turn off your location on the target app, make use of their price matching policy user in app coupons and, when shopping online at a deal tracker that will automatically search for test and apply any coupons and cash back to your online order.

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Here’s the price-matching policies at Amazon, Target, Walmart and more in 2023

Shoppers are looking for the best deals possible when they are scouting the digital shelves of major retailers like Amazon and Walmart. But one tool you need to be equipped with before placing an order online, or having your item scanned at the store is this: What is the price-matching policy?Price-matching policies sound exactly like what you may be thinking. It’s a policy by a store to match the price of the item you bought from them if your item’s price is lowered at a competing store.So say, for example, you buy an air fryer at Target, but it turns out that after you bought it, you noticed a lower price at Amazon. Knowing Target’s price-matching policy could help you determine if Target will match Amazon’s price and in the process, save you money and net you the best deal possible.But not all price-matching policies are the same. In fact, they’re very different and could depend on a number of factors. So let’s go one-by-one at major retailers to see what their price-matching policy looks like so you’re better equipped the next time you go shopping.AmazonAccording to Amazon’s customer service site, Amazon strives to maintain low and competitive prices on everything the online giant has to offer.As of this writing, Amazon doesn’t offer price matching, meaning if you purchase something off of Amazon and see it lower at Walmart, don’t expect Amazon to match that.WalmartAs of Jun. 7, 2023, Walmart’s price match policies differ between their stores and Walmart.com.If you bought an item at a Walmart store and see that the price of the identical item advertised on Walmart.com is lower, then Walmart will match the lower price for you. But there are several conditions you need to know about.The customer must inform the Walmart associate of the price at the time of checkout.The identical item (i.e., size, model, quantity, brand, or color, etc.) must be currently in-stock and available to purchase on Walmart.com at the time the price match is requested.Some price match transactions require a Walmart supervisor approval, which could lead to an extended transaction time to validate the eligibility of the requested price match before the price will be matched. We reserve the right to limit quantities to one-per-customer, per item, per day.Quantities are limited in New Mexico only for the purchase for resale.Price match of items sold on Walmart.com are not available in Alaska, Hawaii, or Puerto Rico.In addition, Walmart does not match competitors’ prices both in-store and online. The retailer will also not match items purchased from Walmart.com that later decrease in price on the site, and they won’t do a price match offered by third-party sellers on their site.TargetRight now, through Dec. 24, Target is offering customers the opportunity to request a price match if you purchase an item in-store or online and the price goes lower at Target on or before Dec. 24.Customers can request the price match at checkout and must have proof of the price you want to watch being lower and the original receipt used. Target customers can also do this online at contactus.target.comAccording to Target’s price match guarantee page, your item may qualify for a price if match if:It's an eligible Target product, bought from Target that day or in the past 14 days. Or, starting October 22, 2023, if you purchase an eligible item and the price goes lower at Target on or before December 24, 2023. See Price Match Policy for full details.It's the identical item, brand name, size, weight, color, quantity and model number.It's in stock at a lower price, right now, from a select list of competitors - on their sites, or in their local print ad. Competitors Target matches include Amazon, Best Buy, Costco and Walmart. You can view a full list here.The price is lower right now from Target.com or your local Target store.Target won’t match the price you show if it’s from a third-party seller or sold by Target Plus. They also won’t match a lower price you see from a different Target store. You can see all the details here.CostcoAccording to Costco’s customer service page, the wholesale shop does not price match with other retailers.They do offer price adjustment, which means that if something drops in price after you buy it from Costco, then Costco will reimburse you the difference. It works for items purchased at Costco or on Costco’s website.Customers have 30 days to request a price adjustment, and you don’t need a physical receipt for a price adjustment because all your receipts are saved to your membership account.If you’re doing your price adjustment in-store, simply head to the membership counter at the warehouse you made the purchase, then go to the returns counter and they’ll issue your reimbursem*nt. If you’d like to do it online, you can click here.Best BuyAccording to Best Buy’s website, your product may be eligible for price matching if it is new and an identical match to a qualified competitor, immediately available at that competitor and is not a part of Best Buy’s exclusions list.The list of Best Buy’s qualified competitors they price match with include Abt, Amazon, Apple, B&H Photo Video, BJ’s Wholesale Club, BrandsMart USA, Conn’s, Costco, Crutchfield, Dick’s Sporting Goods, Home Depot, Lowe’s, Menards, Microcenter, Nebraska Furniture Mart, P.C. Richard, RC Willey, Sam’s Club, Target, and Walmart.Items excluded include bundle offers, subscription services, pre-owned items and video game discounts. You can view the full list here.Similar to Target, Best Buy is running a holiday price match guarantee where if a price on an item goes lower at Best Buy through Dec. 30, it can be price matched through Jan. 13, 2024 with Best Buy’s holiday price match guarantee.Macy’sMacy’s doesn’t price match other retailers, but they do offer price adjustments for their own products. If you find an item was reduced in price within 10 days of when you bought it, Macy’s will refund the difference in price.You have to present a receipt or order number for Macy’s to adjust the price, and the purchase must have been made without the use of a promo code. You can submit a price adjustment request by clicking here.Home DepotHome Depot does offer price match guarantee with the “Low Price Guarantee” offer. For online purchases, the price match guarantee includes the price of the item(s) plus shipping costs.The items you’re trying to get a price match on must be available from the competitor to ship to your location, and Home Depot will only honor requests submitted directly from the person who made the purchase.For in-store purchases, if a customer finds a lower price on an identical, in-stock item from any other retailer, Home Depot will match the price. All you need to do is bring the ad, printout or photo with you to a register for validation.Seasonal merchandise, special order products, third-party items are among some of the exclusions that apply. You can view the full list here.JCPenneyJCPenney offers a price match guarantee on any retailer’s in-store and online prices, including items sold by Amazon.com. However, they won’t do a price match on a third-party sale on Amazon, nor will they do a price match on purchases made at marketplaces, deal websites and auctions.If you are shopping at a JCPenney and notice that the price offered on JCPenney’s website is lower, they’ll match the price in-store for you. Any qualifying discounts will also be applied when price matching.JCPenney won’t price match if the item is out of stock at a competitor. It’s also worth noting that shipping charges are not included in the price match.Kohl’sAccording to Kohl’s price match policy page, you can request a price match on a competitor’s in-store price and will also match Kohls.com pricing on an identical item.Kohl’s will not price match a competitor’s online pricing, and any prices advertised by Kohl’s or a competitor during the week of Thanksgiving and the week of Cyber Monday will not be matched.The quickest way to receive a price match from Kohl’s is to visit your local Kohl’s store with a copy of the competitor’s local ad showing an identical product you wish to purchase from Kohl’s. The ad has to include the current price, a description of the item and the competitor’s current price on that item.You can view more information here.Sam’s ClubAccording to Sam’s Club’s website, you can request to match another Sam’s Club’s pricing, but clearance or marked-down items won’t be matched.Sam’s Club does not price-match competitors.Lowe’sLowe’s offers a “Lowest Price Guarantee” with exclusions.For in-store, if you find a current lower price on an identical in-stock item from another retailer, Lowe’s will match the price. You have to show the website, ad, printout or photo to an associate at your local Lowe’s to validate it. It also covers the cost of shipping and delivery.You can also submit a request online by clicking on the link here.Lowe’s will not match a price if the following exclusions apply:Competitors’ pricing for professional services, including labor and installation costsCustom products, meaning Special Order customized or configured products (e.g., custom cabinets, windows, blinds)Discontinued, used, refurbished, open-box, clearance, seasonal, closeout or damaged merchandiseRebates; free offers; Buy 1, Get 1 offers; Buy More, Save More offers; sales tax promotions or tax-free events; or specific one-time-only promotions, including seasonal promotions (e.g., Spring Black Friday, Black Friday and various holiday promotions)​, special events and/or bundle offersDiscounts available to select groups of customers, such as military or loyalty membersVolume or wholesale discount pricing offered by competitors; if you’re a Lowe’s Pro customer looking to buy a significant quantity of a specific item, please visit your local store to see if a Lowe’s volume discount is availablePricing from membership-based retail wholesalersThird-party marketplace sellers, auction sites or closeout/discount sites (e.g., we price-match items sold by Amazon.com but not by a third-party seller on Amazon.com)Pricing from bid and auction websitesSales taxAdvertising pricing errors or misprintsCredit terms and finance offersPrices from one Lowe’s store to anotherPrices from one ZIP code to another

Shoppers are looking for the best deals possible when they are scouting the digital shelves of major retailers like Amazon and Walmart. But one tool you need to be equipped with before placing an order online, or having your item scanned at the store is this: What is the price-matching policy?

Price-matching policies sound exactly like what you may be thinking. It’s a policy by a store to match the price of the item you bought from them if your item’s price is lowered at a competing store.

So say, for example, you buy an air fryer at Target, but it turns out that after you bought it, you noticed a lower price at Amazon. Knowing Target’s price-matching policy could help you determine if Target will match Amazon’s price and in the process, save you money and net you the best deal possible.

But not all price-matching policies are the same. In fact, they’re very different and could depend on a number of factors. So let’s go one-by-one at major retailers to see what their price-matching policy looks like so you’re better equipped the next time you go shopping.

Amazon

According to Amazon’s customer service site, Amazon strives to maintain low and competitive prices on everything the online giant has to offer.

As of this writing, Amazon doesn’t offer price matching, meaning if you purchase something off of Amazon and see it lower at Walmart, don’t expect Amazon to match that.

Walmart

As of Jun. 7, 2023, Walmart’s price match policies differ between their stores and Walmart.com.

If you bought an item at a Walmart store and see that the price of the identical item advertised on Walmart.com is lower, then Walmart will match the lower price for you. But there are several conditions you need to know about.

  • The customer must inform the Walmart associate of the price at the time of checkout.
  • The identical item (i.e., size, model, quantity, brand, or color, etc.) must be currently in-stock and available to purchase on Walmart.com at the time the price match is requested.
  • Some price match transactions require a Walmart supervisor approval, which could lead to an extended transaction time to validate the eligibility of the requested price match before the price will be matched. We reserve the right to limit quantities to one-per-customer, per item, per day.
  • Quantities are limited in New Mexico only for the purchase for resale.
  • Price match of items sold on Walmart.com are not available in Alaska, Hawaii, or Puerto Rico.

In addition, Walmart does not match competitors’ prices both in-store and online. The retailer will also not match items purchased from Walmart.com that later decrease in price on the site, and they won’t do a price match offered by third-party sellers on their site.

Target

Right now, through Dec. 24, Target is offering customers the opportunity to request a price match if you purchase an item in-store or online and the price goes lower at Target on or before Dec. 24.

Customers can request the price match at checkout and must have proof of the price you want to watch being lower and the original receipt used. Target customers can also do this online at contactus.target.com

According to Target’s price match guarantee page, your item may qualify for a price if match if:

  • It's an eligible Target product, bought from Target that day or in the past 14 days. Or, starting October 22, 2023, if you purchase an eligible item and the price goes lower at Target on or before December 24, 2023. See Price Match Policy for full details.
  • It's the identical item, brand name, size, weight, color, quantity and model number.
  • It's in stock at a lower price, right now, from a select list of competitors - on their sites, or in their local print ad. Competitors Target matches include Amazon, Best Buy, Costco and Walmart. You can view a full list here.
  • The price is lower right now from Target.com or your local Target store.

Target won’t match the price you show if it’s from a third-party seller or sold by Target Plus. They also won’t match a lower price you see from a different Target store. You can see all the details here.

Costco

According to Costco’s customer service page, the wholesale shop does not price match with other retailers.

They do offer price adjustment, which means that if something drops in price after you buy it from Costco, then Costco will reimburse you the difference. It works for items purchased at Costco or on Costco’s website.

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Customers have 30 days to request a price adjustment, and you don’t need a physical receipt for a price adjustment because all your receipts are saved to your membership account.

If you’re doing your price adjustment in-store, simply head to the membership counter at the warehouse you made the purchase, then go to the returns counter and they’ll issue your reimbursem*nt. If you’d like to do it online, you can click here.

Best Buy

According to Best Buy’s website, your product may be eligible for price matching if it is new and an identical match to a qualified competitor, immediately available at that competitor and is not a part of Best Buy’s exclusions list.

The list of Best Buy’s qualified competitors they price match with include Abt, Amazon, Apple, B&H Photo Video, BJ’s Wholesale Club, BrandsMart USA, Conn’s, Costco, Crutchfield, Dick’s Sporting Goods, Home Depot, Lowe’s, Menards, Microcenter, Nebraska Furniture Mart, P.C. Richard, RC Willey, Sam’s Club, Target, and Walmart.

Items excluded include bundle offers, subscription services, pre-owned items and video game discounts. You can view the full list here.

Similar to Target, Best Buy is running a holiday price match guarantee where if a price on an item goes lower at Best Buy through Dec. 30, it can be price matched through Jan. 13, 2024 with Best Buy’s holiday price match guarantee.

Macy’s

Macy’s doesn’t price match other retailers, but they do offer price adjustments for their own products. If you find an item was reduced in price within 10 days of when you bought it, Macy’s will refund the difference in price.

You have to present a receipt or order number for Macy’s to adjust the price, and the purchase must have been made without the use of a promo code. You can submit a price adjustment request by clicking here.

Home Depot

Home Depot does offer price match guarantee with the “Low Price Guarantee” offer. For online purchases, the price match guarantee includes the price of the item(s) plus shipping costs.

The items you’re trying to get a price match on must be available from the competitor to ship to your location, and Home Depot will only honor requests submitted directly from the person who made the purchase.

For in-store purchases, if a customer finds a lower price on an identical, in-stock item from any other retailer, Home Depot will match the price. All you need to do is bring the ad, printout or photo with you to a register for validation.

Seasonal merchandise, special order products, third-party items are among some of the exclusions that apply. You can view the full list here.

JCPenney

JCPenney offers a price match guarantee on any retailer’s in-store and online prices, including items sold by Amazon.com. However, they won’t do a price match on a third-party sale on Amazon, nor will they do a price match on purchases made at marketplaces, deal websites and auctions.

If you are shopping at a JCPenney and notice that the price offered on JCPenney’s website is lower, they’ll match the price in-store for you. Any qualifying discounts will also be applied when price matching.

JCPenney won’t price match if the item is out of stock at a competitor. It’s also worth noting that shipping charges are not included in the price match.

Kohl’s

According to Kohl’s price match policy page, you can request a price match on a competitor’s in-store price and will also match Kohls.com pricing on an identical item.

Kohl’s will not price match a competitor’s online pricing, and any prices advertised by Kohl’s or a competitor during the week of Thanksgiving and the week of Cyber Monday will not be matched.

The quickest way to receive a price match from Kohl’s is to visit your local Kohl’s store with a copy of the competitor’s local ad showing an identical product you wish to purchase from Kohl’s. The ad has to include the current price, a description of the item and the competitor’s current price on that item.

You can view more information here.

Sam’s Club

According to Sam’s Club’s website, you can request to match another Sam’s Club’s pricing, but clearance or marked-down items won’t be matched.

Sam’s Club does not price-match competitors.

Lowe’s

Lowe’s offers a “Lowest Price Guarantee” with exclusions.

For in-store, if you find a current lower price on an identical in-stock item from another retailer, Lowe’s will match the price. You have to show the website, ad, printout or photo to an associate at your local Lowe’s to validate it. It also covers the cost of shipping and delivery.

You can also submit a request online by clicking on the link here.

Lowe’s will not match a price if the following exclusions apply:

  • Competitors’ pricing for professional services, including labor and installation costs
  • Custom products, meaning Special Order customized or configured products (e.g., custom cabinets, windows, blinds)
  • Discontinued, used, refurbished, open-box, clearance, seasonal, closeout or damaged merchandise
  • Rebates; free offers; Buy 1, Get 1 offers; Buy More, Save More offers; sales tax promotions or tax-free events; or specific one-time-only promotions, including seasonal promotions (e.g., Spring Black Friday, Black Friday and various holiday promotions)​, special events and/or bundle offers
  • Discounts available to select groups of customers, such as military or loyalty members
  • Volume or wholesale discount pricing offered by competitors; if you’re a Lowe’s Pro customer looking to buy a significant quantity of a specific item, please visit your local store to see if a Lowe’s volume discount is available
  • Pricing from membership-based retail wholesalers
  • Third-party marketplace sellers, auction sites or closeout/discount sites (e.g., we price-match items sold by Amazon.com but not by a third-party seller on Amazon.com)
  • Pricing from bid and auction websites
  • Sales tax
  • Advertising pricing errors or misprints
  • Credit terms and finance offers
  • Prices from one Lowe’s store to another
  • Prices from one ZIP code to another

Consumer alert: How to identify online scams during holiday shopping season

How price-matching can save you money this holiday season (2024)

FAQs

How to do great price matching for the holidays? ›

Here are some strategies to set yourself up for price-matching success:
  1. Use apps to research prices before you shop.
  2. Familiarize yourself with policies from a few stores and shop there.
  3. Be organized with receipts.
  4. Price match only for big-ticket items.
  5. Get a price match through your credit card.
Nov 18, 2022

Is Target price matching during the holidays? ›

Luckily, when you shop at Target, that stress is basically taken away. Even if you missed Black Friday or Cyber Monday, Target has your back. They initiated a holiday price match policy that started in October and goes all the way through Christmas Eve.

How can price matching help a consumer responses? ›

Summary. Price matching is a strategy used by retailers to match the prices of competitors' products if a customer finds it for a cheaper price elsewhere. The practice helps increase customer loyalty and competitiveness, but can also lead to price wars and put pressure on profit margins.

What is an example of a price match policy? ›

For example, if a customer finds a lower price on a Home Depot product, the company will guarantee to match the lower price. Likewise, if you shop at this company, Home Depot promises to match the price on its competitor's website, including the shipping cost.

What are 6 price matching tips? ›

Price matching tips to help you save
  • Make sure items are identical. ...
  • Keep it local. ...
  • Be prepared to show proof. ...
  • Expect certain sales to be excluded. ...
  • Check the in-stock status. ...
  • Know that online-only retailers work differently.
Nov 1, 2022

What is the price matching rule? ›

Broad Price Matching Rules Retailers Follow

The items for price match have to be identical to the items included in the competitor's sale, right down to the brand name, size, quantity, color, weight, and model number. Customers have to get along the proof of competitors' lower prices that they wish to price-match.

What is Walmart's price match policy? ›

Walmart's price match policy has evolved over the years, and specifics can vary by location and are subject to change. Generally speaking, Walmart will price match items found on its own website or in a specific list of online competitors, which can include major retailers like Amazon, Best Buy, and Target.

Does Best Buy price match during the holidays? ›

Our Holiday Price Match Guarantee and Extended Holiday Return & Exchange Policy makes shopping seamless during the holidays. Best Buy's Holiday Price Match Guarantee lets you shop with confidence. If our price goes lower during the holiday season, we'll match it.

What are the disadvantages of price match? ›

Disadvantages of Price Matching

By matching the prices of their competitors, retailers may be forced to sell their products at a lower price than they originally intended. This can result in reduced profit margins and lower overall profits for the retailer.

What are the pros and cons of permanent price matching? ›

Probability of Losing Customers

This policy allows customers to compare prices at different stores, and if a competitor offers a lower price, you may risk losing customers. While larger retailers like Walmart may benefit from this policy due to their market share, it may not be as advantageous for small businesses.

How to ask for a price match? ›

Stores typically only price match for a NEW purchase. Meaning, you would request the price match BEFORE you purchase. The store will often require that the product be in stock in the exact size and color to match the price. If you show them a pair of sold out shoes, they will likely not honor a price match.

What are the 3 pricing policies? ›

The three most common pricing strategies are:
  • Value based pricing - Price based on it's perceived worth.
  • Competitor based pricing - Price based on competitors pricing.
  • Cost plus pricing - Price based on cost of goods or services plus a markup.
Dec 13, 2022

What is an example of a matching strategy? ›

An example of a matching strategy is purchasing a zero coupon nominal Treasury to pay off your mortgage balance in your targeted retirement year. A higher return would likely be obtained by simply paying down the mortgage, but this must be weighed against the liquidity provided by the maturing bond.

Is price matching ethical? ›

Is this a problem? A: No. Matching competitors' pricing may be good business, and occurs often in highly competitive markets. Each company is free to set its own prices, and it may charge the same price as its competitors as long as the decision was not based on any agreement or coordination with a competitor.

What is the price adjustment policy? ›

With price adjustments, retailers will refund a customer the difference in cost even if the item has already been used. Returns, on the other hand, usually need to be in unused condition. Some retailers have different policies for in-store purchase and online purchases.

Do prices go up during the holidays? ›

Individual items can rise and fall because of supply and demand. And 'tis the season for some prices — whether it's a Christmas tree or gift wrap — to rise faster than others. Instead, paying attention to inflation rates can help consumers learn how to score the best deal.

How do you set a price for your work? ›

How to price your services
  1. Set a profit margin that works for you. When pricing your services, consider inherent business costs. ...
  2. See what your competitors charge for their services. ...
  3. Price your services higher than you expected — but not too high. ...
  4. Consider inflation when pricing your services.
Aug 20, 2024

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