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

Justin Bieber recording with Michael Jackson’s son

Fresh
princemichaeljackson

The "Baby" hitmaker is reportedly recording in secret with the King of Pop's son, Prince.

in Entertainment

Natalie Dormer wants more nudity in ‘Game of Thrones’

Fresh
nataliedormer

The "Game of Thrones" star wants more male nudity in the raunchy medieval-fantasy series.

in Entertainment

‘Hunger Games’ tops box office, sets new record

Fresh
In this image released by Lionsgate, Jennifer Lawrence portrays Katniss Everdeen, right, and Liam Hemsworth portrays Gale Hawthorne in a scene from "The Hunger Games: Mockingjay Part 1."

"The Hunger Games: Mockingjay, Part 1" tallied $123 million in ticket sales to score the year's biggest U.S. opening.

in Music, Sports

Katy Perry to headline Super Bowl halftime show

Fresh
katyperry

The "Roar" hitmaker oins the likes of Madonna, Beyoncé and Prince to perform at the NFL's Super Bowl halftime show.

in Music

PHOTOS: American Music Awards red carpet arrivals

Fresh
AP493969898435_4

Music's biggest stars strut their stuff on the AMA red carpet.