Some retailers offer price match guarantees for a variety of reasons. Some retailers want to attract more customers, while others may want to save time and effort by offering a price match guarantee. The best way to find out about the policies and rules of the stores that offer a price match guarantee is to research them thoroughly before making any purchase.
Various Stores That Offer You A Price Match Guarantee
- Macy’s
- Sears
- J.C. Penney
- Kohl’s
The Pros & Cons Of A Price Matching Guarantee
There are numerous pros and cons associated with a price match guarantee. PROS: It helps with increased customer satisfaction and confidence. It allows a customer to buy a product at a lower price hence, he is satisfied that he didn’t spend extra money on a product that he could have got for a cheaper deal. CONS: There are chances of lower profit margin which may result in various financial problems for the company and also reduce its profit maximization. It saves your time & effort of visiting various stores and comparing the prices.You can also lose your customers if you are not able to implement the policy in a successful manner as it allows the customer to check the competitor’s price and get a better deal on the product. Increased customer loyalty & trust in your brand. Maggie
Points To Be Noted-
Compare the prices of Samsung and Apple products to see if they are comparable. Keep all the necessary proof ready with you. Make sure the products are in stock. Do thorough research about the store’s policy & guidelines.
Conclusion
Price matching is a common practice among consumers. Stores often offer a price match guarantee in order to attract customers. If you find the same product at a lower price at another store, you can usually take advantage of the store’s price match guarantee. To take advantage of the store’s price match guarantee, you need to keep track of the product prices from different stores and bring proof of the lower price with you when you visit the store. ..
Many stores prefer to advertise their policy to their customers for increased sales. But, if they don’t, you can ask to talk to the manager & show him the lower price offered from a different store & ask them for a discount.
After a customer has made a purchase at a store, they are allowed to ask for a price match. This policy is followed by the store, and the customer can be sure that they are getting the best deal possible. ..
Most stores will allow you to get a price adjustment and refund the extra amount if the product price drops. ..
