News

Walmart web glitch slashes prices

Walmart web glitch slashes prices

THAT'S A ROLL BACK: Walmart says it will not honor the slashed prices some consumers found on its website. Photo: Reuters

(Reuters) – Shoppers looking for a bargain got some big ones, if only temporarily, at Walmart.com Wednesday morning.

A technical glitch on the Walmart Stores Inc U.S. website offered some items at a fraction of their actual retail price.

Treadmills, which normally cost hundreds of dollars, were priced at $33.16. LCD computer monitors were offered for $9.

Ravi Jariwala, a spokesman for Walmart.com, said in the late afternoon that the problem had been fixed and that the mistakenly priced orders would not be honored.

“Given the wide discrepancy in pricing, we are notifying customers who ordered these items that their orders have been canceled and that they’ll be refunded in full,” Jariwala said in an e-mail. Walmart.com will also offer those shoppers a $10 gift card.

The company did not say how many orders were placed at the low prices. Most of the affected products were electronics, said Jariwala, adding that the website was not available at times on Wednesday while repairs were made.

The glitch comes at the start of what analysts say will be a particularly competitive holiday season.

Walmart Stores Inc. kicked off its online holiday-season deals on Nov. 1, a month earlier than usual. The earlier deals and bigger incentives come after data firm ShopperTrak forecast the slowest holiday sales growth since 2009.

“This is particularly disappointing since Walmart has been investing aggressively in e-commerce in the last two years,” said Brian Sozzi, CEO & Chief Equities Strategist at Belus Capital Advisors.

Recent Headlines

in Entertainment

Today in entertainment history: July 31

WENN

A look at the Hollywood headlines that went down in history.

in Music

HBO documentary, concert special to focus on U2

16-overlay8

The Irish rockers are set to take fans behind the scenes of their current iNNOCENCE + eXPERIENCE world tour.

in Music

Gregg Allman heading to Georgia Music Hall of Fame

greggallman

The Georgia Music Hall of Fame Awards celebrate homegrown musicians who have made significant contributions to the industry.

in Music

Watch 1,000 people play ‘Learn to Fly’

23-overlay20

This is the most amazing Foo Fighters tribute band ever.

in Entertainment

NETFLIX: Watch it before it’s gone

netflix

These titles are expiring soon - so start binge watching now!