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Target Ends Price Matching With Amazon and Walmart

Target limited guarantees to only its own store and website prices after internal matches soared alongside rising tariff-driven costs.

Shoppers look for bargains at a Target store in Chicago on November 26, 2024, ahead of the Black Friday shopping day. (Photo by KAMIL KRZACZYNSKI / AFP) (Photo by KAMIL KRZACZYNSKI/AFP via Getty Images)
A Target store is seen on November 20, 2024 in Austin, Texas.
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Overview

  • Beginning July 28, Target will stop matching Amazon and Walmart prices and will only adjust to lower in-store or Target.com prices within 14 days of purchase.
  • A Target spokesperson said most guests were already price matching within the retailer’s own channels rather than with competitors, driving the policy shift.
  • The change brings Target in line with Amazon, Walmart and Costco, all of which restrict price guarantees to their own offerings.
  • Target pointed to flat revenue since 2021, a roughly 60 percent share-price decline and potential tariff expenses as reasons to simplify pricing and protect margins.
  • The decision follows recent first-quarter revenue misses, a lowered full-year sales outlook and consumer boycotts over diversity and inclusion rollbacks.