The coronavirus pandemic has led to falling prices on retail items. Although grocery prices have gone up, prices on consumer goods have been consistently falling.
Some stores offer price adjustments which guarantee you’ll get money back if you pay more for an item that drops in price or goes on sale later. These retailers all offer price adjustments. If you keep your eyes open, you may be eligible for a refund!
If you purchased an item and the price drops to a lower price later, you can request a price adjustment from these stores. You’ll get a refund for the difference between what you paid and the new price.
For example, if you paid $40 for an item that goes on sale for $30, you’ll get a refund of $10 – all you have to do is ask! Many stores offer price adjustments, and here are some of the more popular stores that do.
Many stores only offer an adjustment if you paid the full price for the item. If you bought your item on sale and it later goes on sale for a lower price, you may not be eligible for a refund depending on their specific policy.
Stores including Abercrombie and Fitch, Anthropologie, Athleta, Banana Republic, Gap, Hollister, Kohl’s, Macy’s, Nordstrom, Old Navy, Target, and Victoria Secret will all issue you a refund if the price drops within 14 days.
Ann Taylor, The Children’s Place, Gymboree, J. Crew, JCPenney, and Kmart all have a 7-day price guarantee and The Limited gives you 10 days. Walmart gives you a full 90 days to request a refund on most items. The price adjustment period is whatever the return period is for the item you purchased which is 90 days for almost everything they sell.
Sears has the second-best policy giving you a full 30 days to get a refund of the difference. Stores that honor the policy even if you originally purchased the item on sale include Target, Walmart, Victoria Secret, Sears, The Limited, Kohl’s (excluding buy-one-get-one deals), and Hollister.
Most of these stores do not issue price adjustments if you purchased the item on clearance. Some stores also exclude seasonal items.
If you don’t want to mess with keeping an eye out for a price drop or figuring out if you can get a price adjustment – there’s an app for that! Paribus keeps track of your purchases online via your email receipts. If the price drops, they’ll request a refund for you without any work from you at all!
A few stores have caught onto this and exclude purchases made online. JCPenney and Kmart’s policies each exclude online purchases. There’s also another app called Slice. They won’t request a refund for you, but they will notify you if the price drops on an item you purchased.