This refers to a promotional occasion, typically time-limited, provided by a serious residence enchancment retailer. It usually includes offering shoppers with a share of their buy again within the type of a rebate, often 11%, after assembly particular buy necessities and following a chosen declare course of. For instance, if a buyer spends $1000 on eligible objects throughout the promotional interval, they might obtain an $110 rebate.
Such promotions can considerably affect shopper spending, driving gross sales quantity throughout the provide interval. These incentives present a monetary profit to consumers, making bigger initiatives or purchases extra reasonably priced. Traditionally, retailers have used rebates as a tactic to draw prospects and compete with rival companies by providing a post-purchase low cost.