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August 17, 2021

Do stores really match lower prices from competitors?

“We’ll match any price or give you a discount if you find the same item offered for less at another store," screams the ad.
But does it really happen?And will your time be well spent?Price Sometimes, particularly if you're politely assertive. Some outlets even offer the full difference and 5-10% on top of that. The only catch with price matching is that it's usually a bit of hassle, particularly if you care what the people behind you think and you don't really know the rules.
Most companies will require proof that an item is priced lower at another store rather than match prices simply on your word alone. And that's asssuming that the items are identical. 

Some stores will take your word on small price differences. Some will call another store to confirm a price, but others won't. Of course, it has to be an everyday price and not a sale item to get the deal.

Here’s a list of the major retailers in Canada that currently price match, courtesy of the Simply Frugal site. Is it complete?

  • Walmart
  • Zellers
  • London Drugs
  • Real Canadian Superstore
  • Sears Canada
  • No Frills
  • Canadian Tire
  • Best Buy
  • Future Shop
  • Staples
  • Toys ‘R’ Us
  • Rona
  • Home Depot
  • NCIX

Another way to save money is to watch if an item you've purchased goes on sale shortly after buying it. Ask for a refund on the price difference and you just might get it.

Do you price match items? What's your experience? Is it really worth the trouble?

By Gordon Powers, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...