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.

Recently Played

Latest Headlines

in Entertainment

Man’s ‘Harry Potter’ hoard is world’s largest

Fresh
harrypotter

Think you're a "Harry Potter" superfan? This man lives in Hogwarts heaven and has the Guinness record to prove it.

in Viral Videos

Jeff Goldblum’s bizarre new lightbulb ad

13-overlay6

The "Jurassic Park" actor shows you the benefits of mood lighting, wearing nothing but tiny swim trunks and a bad wig.

in Music

Pharrell Williams and Gwen Stefani recording album together

gwen

"The Voice" judges are teaming up in the studio.

in Entertainment, Sports

Michael Strahan making film debut in ‘Magic Mike’ sequel

strahan

The former football star turned TV host is set to take on the big screen.

in Music

Stevie Nicks says new album about Lindsey Buckingham

stevienicks

The couple had one of the most famous romances in rock.