The Home Depot Guaranteed Low Price (2024)

FAQs

Does Home Depot have a low price guarantee? ›

How the Low Price Guarantee works for in-store pre-purchases: If you find a current lower price on an identical, in-stock item from any other retailer, we will match the price. Just bring the ad, printout or photo with you to the register for validation. (This may involve the associate contacting the competitor).

As indicated by our example, a low price guarantee (henceforth LPG) may be defined as a policy where a seller posts an offer price and guarantees to match or beat any lower price found in the market.

Lowest Price Guarantee

If you bought something and find it fell in price at Home Depot, you can ask for a price adjustment within 30 days of your purchase if the price drops. However, Home Depot does NOT adjust prices based on lower prices found at competitors after you make the purchase.

In some retail chains, the prices are set by the individual store. But Home Depot and Lowe's, the two biggest home improvement chains in the country, use zone pricing; that is, they segment the country into a few regions and headquarters determines what stores in each zone charge.

Certain general, retail, and tech stores have this policy, but home improvement enthusiasts will be happy to know that Home Depot offers it as well. Home Depot offers its customers retroactive price protection for one month.

In many cases, the retailer will refund the difference of what you paid vs. the sale price, as long as your purchase was within a specified time—often 14 days. If they can't or won't refund to the original form of payment, you may be issued a store credit.

Meaning of guaranteed price in English

an arrangement in which if a company reduces the price of a product or service in the future, it promises to pay back the difference to customers who have paid a higher price: Suppliers offer guaranteed prices to encourage long-term contracts.

EDLP is a pricing strategy in which a company charges a consistently low price over a long-time horizon. For the consumer, EDLP simplifies decision making and search costs. For the company, EDLP minimizes marketing costs, staff efforts, and helps with demand forecasting.

What type of pricing strategy does Home Depot use? Home Depot uses a competitive pricing strategy, aiming to offer low prices on its products relative to competitors. This approach is supplemented by price matching policies, special discounts, and promotions to attract and retain customers.

How does Home Depot set prices? ›

The Home Depot uses special software to help manage pricing across all of their stores. This allows them to quickly adjust prices based on changes in the market, or as new promotions are introduced.

Take your return back to any The Home Depot store for free, even if you purchased online.

According to Ramhold, Lowe's has a slight advantage when it comes to competitive pricing. "Both stores will price match each other, except on exclusive brands or items that only one sells; Lowe's will price match Home Depot on the same products and it also price matches Amazon, which Home Depot doesn't do."

Home Depot: global net sales 2013-2023, by product category

In 2023, Home Depot's indoor garden product category generated global sales of 14.7 billion U.S. dollars. Meanwhile, the company's décor/storage net sales amounted to roughly six billion U.S. dollars.

Home Depot has more than 2,300 stores and employs about 465,000 people across North America. Two thirds of US consumers shop at Home Depot, and the brand has similar customer loyalty as Lowe's. The store's typical customer is a white baby boomer who earns over $80K a year and owns her home.

To create a quote, add items to your cart, enter the quote name in “Create a Quote” field, and select “Save”. Your quote will be good for seven days. If you are making changes to your saved quote by adding or removing items or changing the delivery ZIP Code, product prices will be updated and locked in for seven days.

Average Price Target

Based on 27 Wall Street analysts offering 12 month price targets for Home Depot in the last 3 months. The average price target is $388.00 with a high forecast of $440.00 and a low forecast of $310.00. The average price target represents a 13.17% change from the last price of $342.85.

Items purchased on homedepot.com can be returned to the store. Bring your shipment confirmation email, order confirmation email or packing slip for ease of return. Most products have a 90-day-from-purchase return policy, but refer to the Policy Exception list below for specific category exceptions.

The following are Home Depot's weaknesses: Limited corporate influence on the supply chain. Imitable business format. Limited geographic footprint relative to the global retail market.