Wednesday, November 18, 2009

Price Adjustments Means More Opportunity to Get the Best Price

Don't you just hate it when you need or want to buy something, and it's a little expensive...(in my house that means anything over $20.) So you do the right thing. You price shop it either online or at some local stores. You budget for it so you can pay cash. You mull over whether or not you really do need it. And you finally buy it - confident that you have gotten the best price available.

Only to see that very item on sale at the store you bought it at the very next week!


Good news, my frugal friends, some stores are now offering price adjustments. A price adjustment is when something goes on sale after you have bought it, you can go back to the store and they will give you a credit for the difference between the price you paid and the sale price. Each store has its own rules regarding price matching, so it would be a good idea to give them a call before you storm the customer counter with last week's receipt.

Price adjustments is not the hot new marketing gimmick to win over consumer's hard-earned money. There are some stores that have been doing price adjustments for years (like the now defunct Circuit City). I think though that overall reduced consumer spending has encouraged some stores to expand on the services that they offer their customers.  
I think you will be surprised by some of the stores who offer price adjustments:

Banana Republic - offers a one-time price adjustment if an item is marked down within fourteen (14) days of the purchase date.

Gap - offers a one-time price adjustment if an item is marked down within fourteen (14) days of the purchase date.

Hollister - offers a price adjustment if your exact same purchase (same color, same size, etc.) has been reduced within 14 days of the purchase date. They only offer price adjustments for merchandise purchased at the original price (items originally purchased from the Clearance section are not eligible for price adjustments).

JCrew - offers a one-time price adjustment on full-price merchandise within seven days of the retail purchase or mail order ship date if accompanied by the original receipt. Items not purchased at full price are ineligible for price adjustments.

Kohls - If your situation meets all these criteria, you could be eligible for a price adjustment:
  • You bought the item on sale or at regular price.
  • Within two weeks (14 days) of the purchase date, the price of the item was further reduced from the final price you paid.
  • You have the original, dated sales receipt.
  • The item is not a Clearance markdown.
Old Navy - offers a one-time price adjustment when the original sales receipt is presented within fourteen (14) days of the date of purchase.

Nordstrom - offers a price adjustment if the item you purchased is reduced from its regular price, they will accommodate a sale adjustment within 2 weeks from your purchase date.

Target - If Target advertises a lower price either the same week or the week following your purchase, bring in your original sales receipt to Guest Services for an adjustment.

(Thanks to Christy at The Bargain Jargon for the store information)

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