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

Daughter reveals Joan Rivers is still on life support

Fresh
Comedian Joan Rivers arrives for the premiere of the documentary "Joan Rivers - A Piece Of Work" during the 2010 Sundance Film Festival in Park City, Utah January 25, 2010.

Comedian Joan Rivers remains on life support after being hospitalized in serious condition due to cardiac arrest.

in Music

Kings of Leon drummer returns to the road

Fresh
Nathan Followill, of Kings of Leon, is seen backstage at the Grammy Nominations Concert on Wednesday, Dec. 2, 2009, in Los Angeles.

Nathan Followill has confirmed he'll be back behind the kit after breaking his ribs in a tour bus crash.

in Music

Snoop Dogg surprises bride and groom at wedding

Fresh
Snoop Dogg performs as part of the "How The West Was Won" concert at the Verizon Wireless Amphitheater on Saturday, Oct. 12, 2013 in Irvine, Calif.

Forget a photo booth! Guests at this wedding got to take pictures with Snoop Dogg!

in Music

Justin Bieber charged with dangerous driving

Canadian pop singer Justin Bieber drives a quad bike at the beach as he takes a break in a resort in Punta Chame on the outskirts of Panama City in a January 27, 2014 file photo.

Justin Bieber has been charged with dangerous driving and assault following an altercation and collision on Friday.

in Music

Kanye West confronted SNL comedian over MTV VMAs spoof

Kanye West American rapper, songwriter, record producer, film director, entrepreneur, and fashion designer, Kanye West attends the Cannes Lions 2014, 61st International Advertising Festival in Cannes, southern France, Tuesday, June 17, 2014. The Cannes Lions International Advertising Festival is a world's meeting place for professionals in the communications industry.

Kanye West has urged SNL's Jay Pharoah not to make light of his hard work after the rapper was spoofed during the MTV Video Music Awards.