Best Buy renews online price-matching policy

Author:
Updated:
Original:

Best Buy Co. will be the latest big-box retailer to permanently match online prices starting March 3, Reuters reports. The new year-round policy, designed to fend off retail rivals and combat showrooming, renews a program put in place during the holiday shopping season.

"Best Buy will price match all local retail competitors and 19 major online competitors in all product categories and on nearly all in-stock products, whenever asked by a customer," according to a news release.

"As part of our turnaround and transformation efforts, we've recommitted to improving the customer experience. And we know one of the key elements to the customer experience, of course, is being price-competitive," Matt Furman, a Best Buy spokesman, told Minnesota Public Radio. "With that in mind, we decided to end showrooming for our customers and ensure them that they come in to our store and see a product they want, they'll get it at the lowest price."

However, Bloomberg says the Richfield-based consumer electronics retailer will lower its return policy to 15 days from 30 days.

In September, Best Buy CEO Hubert Joly said "showrooming was one of the greatest falsehoods about our company."

A recent survey of 6,200 consumers found the threat of showrooming may not be as bad as once thought.

Last month, Minneapolis-based Target Corp. extended a similar policy to match online prices of select retail rivals.

Next Up

USPS packages

Two Ramsey County men sentenced in mail theft scheme

Sonny Vang Xiong was sentenced to three years in prison, while Davis Her was sentenced to six and a half years in prison.

Jeff Gladney

Jeff Gladney's ex-girlfriend files $1 million civil lawsuit

The civil lawsuit accuses Gladney of assaulting the woman for over two hours.

vaccine, covid

St. Paul care home group will mandate COVID vaccines for staff

It comes amid reports of COVID outbreaks at homes where residents are all vaccinated, but staff are not.

Jail handcuffs arrest

Starbuck man charged with uploading, sharing child pornography

The 47-year-old was arrested after a tip from the National Center of Missing and Exploited Children.

ambulance

Boy, 11, seriously injured after 'fall' that police now suspect was abuse

It was initially reported that the boy slipped and fell.

police lights

Investigation underway after body found during welfare check in Plato

The identity of the deceased has not yet been revealed.

Mayor Brad Wiersum

'Please, please, please get vaccinated,' Minnetonka mayor pleads

This comes as the local state of emergency officially ends.

YouTube - Jeopardy screengrab minneapolis

Can you answer all the Minneapolis questions from this week's 'Jeopardy?'

KARE personalities including Randy Shaver and Rena Sarigianopoulos presented the clues.

Pexels - woman shop mask covid CROP

35 counties, including most of Twin Cities, now COVID hotspots

The CDC recommends everyone wear a mask in public, indoor places in these counties.

covid, coronavirus

CDC document: Delta variant as contagious as chickenpox

Vaccines remain very effective at preventing severe illness from the delta variant, however.

Flickr - smoke McGregor minnesota wildfire July 29 2021 - Lorie Shaull

'Unprecedented': The wildfire smoke isn't going anywhere this weekend

The air quality alert that was supposed to end Friday is now in effect into early next week.

Related

Even as CEO shrugs off 'showrooming,' Best Buy to match online prices

Minnesota-based Best Buy Co. is planning to match the prices of Internet competitors such as Amazon.com Inc. this holiday season, even as it plays down its concerns over shoppers browsing gadgets in stores only to buy them for less online, the Wall Street Journal reports.