A price match guarantee is a retail policy in which a store agrees to match—or sometimes beat—a lower price offered by a competitor for the same product. This ensures that customers receive the best available price without needing to shop elsewhere. Typically, customers must provide proof of the competitor’s pricing, such as an advertisement, website listing, or in-store evidence. These policies usually come with specific terms and conditions regarding eligible competitors, product availability, item condition, and time limits for submitting a price match request.
Price match guarantees serve several strategic purposes for retailers: they build customer trust, discourage price comparison shopping, foster customer loyalty, and help maintain competitive positioning—often without requiring a reduction in baseline prices. Well-known retailers such as Best Buy, Home Depot, and Target offer price match programs for identical items from approved competitors. However, these policies often exclude certain product categories, such as clearance items, limited-time promotions, or online-only deals.