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 Music

These middle school kids might be the next big metal band

unlockingthetruth

These Brooklyn boys don't need junior high talent shows, they've just signed a million-dollar deal.

in Sports

Broncos’ owner Pat Bowlen battling Alzheimers, steps down

patbowlen

Bowlen, 70, is one of the NFL's most well-known owners and guided the Broncos to six Super Bowl appearances during his 30 years at the helm.

in Music

Def Leppard postpones Vegas shows to record new album

defleppard

The rockers are postponing plans to head to Sin City to record a new album.

in Entertainment

‘The Best Man’ set for ‘threequel’

bestman

The new film appears to pick up from news Howard's character drops at the end of the "The Best Man Holiday," which was released last November.

in Music

Michael Jackson’s hometown to name school for him

michaeljackson

A school in Michael Jackson's Indiana hometown will be named for the late pop star.