What is the price match policy?
Retailers across the US adopted a policy to enhance fair prices and compete with each other and their various outlets. Price Match is a policy of matching the price of a product offered by its competitors, which is done either online or in-store. Now we will see Does Kmart’s Price Match?
After the recent closure of Kmart stores, not all remaining three stores have a price match policy. If you find the same product at a low price that you bought at the Kmart store, Kmart will not match its price. Currently, Kmart does not offer refunds or price adjustments on products purchased at higher prices, even if evidence of lower prices is presented. That probably is because of the financial problems Kmart is facing. It is better to check out the prices before you head out shopping.
Even though Kmart does not match prices, it offers various methods of saving money. They use coupons, offer a flash sale, give sales discounts, and have a free Kmart loyalty program called Shop Your Way.
What can you do about Kmart’s Price Match Policy?
You cannot change Kmart’s price match policy, but you can take advantage of a few possibilities for saving money. This list includes ways to save money, but you can always talk to the manager:
- Using gift cards at Kmart stores that are still operating. The gift card must have a PIN and be either Kmart’s or Sears’s gift card to be accepted by the store. There is various type of goods where gift cards cannot be used. These ineligible products include exchanging gift cards.
- Joining Shop Your Way program to enjoy its cashback on every purchase advantage. To join, you must be 13 years or older, and you have to provide a correct first name, last name, and valid unique email address.
- Clearance sale: Kmart offers great clearance sales from a wide selection of items ranging from home appliances to clothing.
- Using Coupons available for Shop Your Way members exclusively.
- To increase your points with Shop Your Way, you can use MasterCard and VISA on purchases from other Shop Your Way
How to qualify for Price Match in other stores?
Unfortunately, Kmart does not have a price match policy in place, but retailers all over the country require proof of lower prices from their competitors.
Customers must provide a printed ad from newspapers, an invoice issued by the competitor’s retail store, or even the product’s URL. If this proof is provided, the retail store with a price match policy can match the price, if there is no proof that the specified product cost what you claim it to be, the policy will not be used.
Time is also a crucial factor; there is a limit on how old the price should be, but if the prices were too old, obviously they would not match it due to price inflation, which can change from store to store.
Conclusion
The price Match policy is a popular option for customers and retailers alike because it makes it possible for retailers to offer fair and same prices as their competitors, which does not scare customers away from the business. Kmart does not have this policy, and it is a huge blow for them, but there are various ways you can enjoy their price discounts. Even though Kmart stores are closing, they will still hold a big part in US retail history.
Frequently Asked Questions (FAQ)
- What happened to Kmart?
Kmart was once the leader in the retail business, with almost 2486 stores globally. The emergence of Walmart with its low prices coupled with the rise of Target weakened Kmart, and it struggled to try to compete. In January 2002, Kmart filed for bankruptcy. It merged with Sears after Sears bought the retailer in November 2004 for 11 billion dollars, and it became Sears Holdings Corporation. Still, things did not change, and in October 2018, Sears Holdings declared bankruptcy. Transform Co bought the remaining Kmart stores, and since then, Kmart stores have continued to close, leaving only three stores remaining. Kmart’s once iconic empire has been decimated to only three US stores.
- Where is the location of the remaining Kmart stores in the US?
Currently, Kmart has three stores in the US. The following are the remaining Kmart locations.
- Florida: Miami 14091 SW 88th St.
- New Jersey: Westwood 700 Broadway
- New York: Bridgehampton 2044 Montauk Highway
- Is Kmart in the US similar to Kmart Australia?
Australia has a popular retail chain also named Kmart; this store has the same branding as US Kmart stores. Surprisingly it is thriving while its namesake is collapsing on daily basis. However, this Australia’s Kmart has nothing to do with the US Kmart.
- When will all Kmart stores close?
The timeline for closure is unknown, but if the remaining stores are no longer profitable, they will be closed down too.
