This refers to a promotional occasion, usually time-limited, provided by a significant dwelling enchancment retailer. It usually includes offering customers with a share of their buy again within the type of a rebate, normally 11%, after assembly particular buy necessities and following a chosen declare course of. For instance, if a buyer spends $1000 on eligible objects in the course of the promotional interval, they may obtain an $110 rebate.
Such promotions can considerably affect client spending, driving gross sales quantity in the course of the supply interval. These incentives present a monetary profit to customers, making bigger tasks or purchases extra inexpensive. Traditionally, retailers have used rebates as a tactic to draw clients and compete with rival companies by providing a post-purchase low cost.