How to Save Money using Price Adjustments and Price Match — THRIFT & TELL (2024)

If you are not asking for price match and price adjustments, you are certainly missing out! These shopping tricks are underutilized and can lead to meaningful savings, so I’ve defined and outlined the differences below. Happy saving! xx For more shopping and consignment tips & tricks, be sure to and follow @thriftandtell on Instagram.

This is when a retailer matches the sale price of the same item sold by another, like retailer. For example, Nordstrom may honor Bergdorf Goodman’s sale price on a pair of Jimmy Choo shoes. This is a more common practice among large retailers, but some small, independent stores may price match as well. 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. Many stores will only match prices at like stores. For example, many will not honor the price at outlet retailers like TJMaxx, Gilt Group, or the Outnet. You can use price matching at all sorts of retailers, not just fashion so be sure to use it anywhere you shop!

Recently, I’ve received some requests on how exactly to ask for price match.I would simply say, “Hello, this retailer has [insert item] for $X price. (Provide the link to the other retailer and the link to the retailer you are speaking to). Can you match their price so I may purchase from you instead?”

How to Save Money using Price Adjustments and Price Match — THRIFT & TELL (1)

How to Save Money using Price Adjustments and Price Match — THRIFT & TELL (2)

2) PRICE ADJUSTMENTS

This is when a retailer will honor their new, discounted price on your recent purchase. For example, if you bought Jimmy Choo shoes from Nordstrom and two days later they reduced them, they would refund you the difference. Typically, the window for price adjustment is 7-14 days. Some retailers will only price adjust if you purchased the item at full price. Others will only do one adjustment; meaning you can’t get multiple adjustments on the same item. I have found there really is no rhyme or reason in the stores that will make the adjustments and those that will not. So, as in all things thrifting, there is no harm in asking. The worst they can say is no.

I’ve received some questions recently about getting a price adjustment on a purchase when another retailer discounts the item. For example, you bought a pair of bag at Nordstrom for $300 and 3 days later see it reduced at Saks to $150. Effectively, that’s asking for a price match after purchase. In my experience, retailers do not do this. Retailers will price match another retailer’s price before purchase or price adjust if the retailer themselves discounts the same item 7-14 days after purchase.

Whether you’re getting a price adjustment or asking for price match, this can typically be done with the sale associate or with customer service. You can use whatever method of contact (email, phone, chat) you prefer. Just go to the Contact or Customer Service tab on the website to determine the methods of contact the retailer allows. I often use the online customer service chat and am able to get help in a matter of minutes.

Also, I have typically found that the adjustment needs to be done in the same environment it was purchased. For example, an in store purchase would need to be adjusted in store (bring your receipt). An online adjustment would need to be adjusted online. I have never had success getting an adjustment online when I purchased in store and vice versa.

Recently, I’ve received some requests on how exactly to ask for price adjustment. I would simply say, “Hello, I purchased this item [insert order number] a few days ago and it is now a lower price. Can you please honor a price adjustment? Thank you!”

If you have any further questions, please feel free to comment below so that i can add any needed detail to the above. If you have not yet, be sure to check out my other consignment and money saving tips here.

Tips, All Guides

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How to Save Money using Price Adjustments and Price Match — THRIFT & TELL (2024)

FAQs

What is the difference between price match and price adjustment? ›

Price matching is the practice of a retailer offering a refund of the difference between their higher price of an item and a competing retailer's lower price for the same item. Price adjustments only compare different prices at the same retailer over time.

What is the price adjustment rule? ›

A price-adjustment policy generally means that the retailer will refund the difference if it drops the price on something you purchased there in the last 14 to 30 days.

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 can companies use price adjustments like? ›

There are several different ways to adjust the price of something: Promotional adjustments (discounts, special event pricing, limited-time offers, and cash rebates)

What is the advantage of price adjustment? ›

This helps companies adjust their prices based on customer preferences, thus increasing potential profits. Time-oriented pricing leverages temporal factors to maximize profits. Companies adjust prices based on seasonal trends or periods of high demand, taking advantage of time-sensitive opportunities.

Which is the price adjustment strategy? ›

Price adjustment Strategies also include promotional pricing in which certain organizations keep the prices of their product lower than the list price or even lower than the costs. There are many forms of promotional pricing.

What is the most common type of price adjustment? ›

Most businesses change their base price to give discounts to consumers who pay their bills early, buy in bulk, or shop off-season. Discounts are incentives given to customers, usually in an effort to get them to buy something from the business repeatedly.

How to calculate price adjustment? ›

The price adjustment equation summarizes, at the level of an entire economy, all the decisions about prices that are made by managers throughout the economy. The price adjustment equation is as follows: inflation rate = autonomous inflation − inflation sensitivity × output gap.

What is the purchase price adjustment method? ›

Purchase Price Adjustment
  1. A mechanism used by buyers in private M&A transactions to confirm the value of the target company or business at closing. ...
  2. Most purchase price adjustments are based on financial statement items (such as working capital, net worth (or net assets), and EBITDA).

What is the pricing matching strategy? ›

Price Matching is a technique where a business agrees to coordinate a competitor's cost for the same item. This approach consoles clients that they are getting the best deal accessible without the bother of shopping around.

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 first best pricing rule? ›

First- best pricing, as always, is to set all prices equal to marginal cost. However, for a natural monopoly, marginal-cost pricing can result in the firm's losing money. If the firm cannot be subsidized, price must be raised above marginal costs until profit rises to zero.

Is price adjustment a law? ›

While some stores will refund the difference if a product later goes on sale, it is to make customers happy rather than a law, according to Johns & Flaherty attorney Brian Weber. “Many stores have a policy where they refund the difference, but that is simply for public relations purposes,” Weber said.

What is the store price adjustment policy? ›

Price protection (also called a price adjustment or price guarantee) is a policy in which a retailer refunds you the difference if an item's price drops at that retailer after you buy it. The policy usually applies within a certain window after you've made a purchase.

What is meant by price adjustment? ›

Price adjustment is a modification made to the overall price of a contract to take account of legitimate changes in the costs of performing it. Price adjustment provisions include formulas designed to protect both the borrower and contractors from price fluctuations.

What is the difference between price and adjusted price? ›

While the closing price simply refers to the cost of shares at the end of the day, the adjusted closing price takes dividends, stock splits, and new stock offerings into account. The adjusted closing price is a more accurate indicator of stock value since it starts where the closing price finishes.

What is cost price adjustment? ›

COST PRICE ADJUSTMENTS (CPA) In order to ease the pressure of market fluctuations in the cost of construction materials during the contract period, the Employer (sometimes) agrees to adjust the prices and such provisions are provided for in the Tables of Adjustment Data in the General Condition of Contract (GCC).

Why would a company want to price match? ›

Companies use this strategy to save time and money because customers get a lower price without visiting another store or shop. It is also an integral part of ecommerce pricing. Retailers use this strategy to offer the best price to their customers.

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