Getting competitors to match prices is a convenient way for consumers to save time and money. It saves time as several trips to different stores can be consolidated into a single visit. It also saves money through capitalizing on increased competition among retailers which can often amount to additional, sometimes significant, savings.
Knowing which stores have the best and most flexible policies is essential to saving the most money when price matching. To make the comparison easier, I've put together a big table comparing them to one another so you can quickly determine which stores to shop at.
The Price Matching Table
|Store||Policy Name||Beat Or Match||Price Protection||Matches Prices Found Online||Matches Prices Found
|Does Price Matching||Matches Competitors Nationwide|
|Best Buy||Lowest Price Guarantee||10%1||30 days||In-Store||In-Store & Online|
|Black's||Price Match Guarantee||30 days||In-Store|
|Canada Computers||Price Match Policy||14 days||In-Store & Online||Online|
|Canadian Tire||Price Match Guarantee||10%2||In-Store|
|FreshCo||Cheaper Guarantee||$0.013||7 days||In-Store|
|Future Shop||Price Beat Promise||10%1||30 days||In-Store||In-Store & Online|
|Giant Tiger||Ad Match Guarantee||$0.013||In-Store|
|Home Depot||Low Price Guarantee||10%2||30 days||In-Store|
|Home Hardware||Price Match Promise||In-Store|
|Kitchen Stuff Plus||Price Match Policy||10%1||14 days||In-Store|
|Leon's||Integrity Pricing||60 days||In-Store|
|London Drugs||Our Guarantee||30 days||In-Store|
|Lowe's||Everday Low Price Guarantee||10%1||90 days||In-Store|
|Memory Express||Uber Price Beat Guarantee||25%1||7 days||In-Store & Online||Online|
|NCIX||Advanced Store Price Match||In-Store & Online||Online|
|No Frills||Won't Be Beat® promise||7 days||In-Store|
|Real Canadian Superstore||Price Matching Program||In-Store|
|Rona||In-Store Price Guarantee||10%1||In-Store|
|Sears||Price Protection Plus||30 days||In-Store & Online||In-Store|
|Sleep Country Canada||Unbeatable Price Guarantee||5%1||In-Store|
|SportChek||Price Matching||30 days||In-Store||In-Store|
|Staples||Price Match Guarantee||14 days||In-Store||In-Store|
|Target||Price Match Guarantee||In-Store|
|The Brick||Price Guarantee||10%1||30 days||In-Store||In-Store|
|The Source||Best Price Guarantee||30 days||In-Store||In-Store|
|Tiger Direct||Best Price Promise||14/30 days||In-Store & Online||Online|
|Toys R Us||Price Match Policy||14 days||In-Store|
- Beats competitors by a percentage of the difference in price between the matched price and the higher price (not as good).
- Beats competitors by a percentage discount taken off the matched price (much better).
- Beats competitors by a fixed amount off the matched price (very uncommon).
- Both In-Store and Online
How Price Matching Saves Money
I was in the market for a small wireless computer mouse a few years back. I had been lugging around a wired mouse along with my laptop. The tiny nano receivers were hitting the market at the time and I thought it would be useful for when I needed to travel for work. They weren't expensive by any means, but I just couldn't bring myself to drop $30 on a mouse that I was just getting on fine without.
One day, my deal-finding king of a father-in-law managed to find a popular model on sale for $10. He brought the ad to Staples hoping to get a better deal. At the time, Staples was offering to beat any advertised price by 10% of the difference, saving an additional $2 off the $10 matched price. Staples happily obliged his request and my father-in-law proceeded to buy one for every family member he could think of. He had an ace up his sleeve; he mailed in a $10 manufacturer's mail-in-rebate coupon. He actually ended up making $2 on each mouse he bought!
How Price Protection Saves Money
In mid 2011, HP announced that it would be clearing out it's inventory of TouchPad tablets with a steep discount from it's original $499 purchase price. If you recall, it hadn't been doing well in the market despite being a quality piece of hardware for the time. The poor sales led HP to clear out the tablets at a firesale price of $99. The tablet was a steal at that price and many waited in line hoping for inventory at their local retailers.
With the news of HP's plans and days before the impending firesale, my father-in-law (yes, him again), calmly walked into his nearest Staples (again) and bought the TouchPad for the full retail price of $499. He returned to Staples within the acceptable price protection window - after having avoided all the lines and not having worried about limited stock - and got a $400 refund. For better or for worse, he did that with the Blackberry Playbook too.
I'm sure there are plenty a happy price matching/protection story with many deals to rival the origins of my wireless mouse and my father-in-law's old tablets. The moral here is that there are countless products and applications you can use to save significant money.
Want More Information?
With a little bit of reading, you can become an expert on price matching and be doing this like a pro in no time. You'll save a lot of money and get a bit of an adrenaline rush as you attempt to get the lowest possible price. Check out these 3 articles for all the details: