How to Save Money With Bloomingdales's Price Match Policy
Do you ask your favorite luxury department store to price match its competitor's lower prices? If you're not researching the best prices locally and online, you're quite possibly losing a lot of money. It might not seem like that much at first glance, but if you were to tally it up over time, you would be surprised at how much money you're losing.
Most large luxury retail brands will not only price match their competitors but may even discount items by 5 to 10%. So, does Bloomingdale's price match? And if it does, what exactly is its policy? Using DoNotPay's product will ensure that you never miss out on another deal!
Understanding Price Matching or Price Protection
is also referred to as "price adjustment" and "price protection." It's a retail practice that allows consumers to get partial refunds on the purchase price of items found to be priced cheaper elsewhere. There is usually a certain time frame in which a customer can request price matching.
In advertisements, retailers use the term "price match," but in actuality, they're merely adjusting the price to match market conditions, the marketplace, and/or the competition. Retailers will refund customers the difference, while a select few may go as far as refunding the total amount. Those that give full refunds do so in order to build strong customer loyalty.
An example of price matching is if a customer purchases a laptop for $995, and the next day its price drops by $120 market-wide. But the most common situation that leads a retailer to price match is when a competitor actually sells the same laptop for cheaper. Furthermore, retailers will refund a customer's money in a price match even if they had used the product before returning it. This makes a price-matching refund different than a return, since returns usually need to be in unused conditions.
Most retail chains exclude certain products from price matching, price adjustments, and price guarantees — such as products that were already on sale. Another thing to keep in mind is that price matching policies are slightly different than price adjustments. For example, price matching typically involves a retailer refunding customers the difference between their higher-priced item and that of a competitor's lower price.
On the other hand, price adjustments merely compare price variations of products over a certain period.
Be Warned: Price Matching Policies Aren’t Cut and Dry
Many of the top retail brands in the U.S. tout low-price guarantees. Find a lower price advertised by a competitor? There is no need for you to travel to that other store — they will match it! However, in practice, price-matching guarantees don't guarantee that retailers will actually match a competitor's lower price. As a matter of fact, MSNBC's Today reported back in 2013 that "even the most permissive retailers use careful wording and litanies of exclusions to deny customer requests."
The report continues by pointing out that consumers who fail to read the fine print will encounter exasperation and will end up wasting valuable time and money. Below are a few of the most common reasons luxury retailers like Bloomingdale's might refuse to price match:
- The lower-priced item is limited-quantity, advertised as limited-time, is in limited supply, or part of a clearance, liquidation, closeout, or going-out-of-business sale.
- The items aren't the same. For example, the item advertised at the other store may be the same brand and type but not the same model.
- Most retailers promise to match competitors' advertised prices. If you forget to bring the printed advertisement showing the lower price, the clerk will likely deny you a refund.
- Many retail brands limit price matching to brick-and-mortar stores and don't include
- The competitor isn't local. Vague phrases such as "same market area" and "reasonable distance" are open to employee interpretation. This means that employees can pick and choose on a whim what constitutes "local."
How DoNotPay Can Help You With Bloomingdale's Price Match
DoNotPay can help you challenge retailers about price matching deals so that you can save both time and money. Go ahead and let us challenge your retailer to give you the deals that they advertised. Our product is designed to handle both holding retailers accountable for promising to match competitors' prices and making them match their own promotional pricing—and it works on all kinds of products, including clothing, gadgets, appliances, club memberships, flight tickets, hotel reservations, and more! All you have to do is:
- Search for Price Match on DoNotPay and select the product.
- Select whether you were charged more than the advertised price or if you believe you are eligible for a price match.
- Provide the name of the product you purchased so we can see if it qualifies for a price adjustment. If you believe your desired item is qualified for a price match, we’ll double-check for you.
And that's it! DoNotPay will send a letter to the company notifying the staff of the legal or Terms of Service violation and demanding a refund for the amount you were overcharged. You should hear back from the company within two weeks!
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Some other Price Match products provided by DoNotPay include:
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- Learn which stores offer price matching
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