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

48 mins ago in Entertainment

Pitch, please: Julia Robert ‘sells’ sex toys on ‘Ellen’

Fresh
25-overlay-10

The "Pretty Woman" star, who plays a host on the Home Shopping Network (HSN) in her new movie "Mother's Day," was tasked with gushing about a blind item, which members of the studio audience could see.

2 hours ago in Viral Videos

WATCH: Annoying Windows reminder interrupts live TV report

Fresh
20-overlay-12

Please excuse this interruption ...

6 hours ago in Entertainment

REVIEW: ‘Green Room’ is a gory, good time

13-overlay-12

It's lean, mean, loud and grisly, and a ton of bloody fun.

6 hours ago in Entertainment

Appeals court to hear ex-Subway pitchman’s appeal May 20

jaredfogleAP

A federal appeals court in Chicago has set a May hearing for former Subway pitchman Jared Fogle's appeal of his more than 15-year sentence in a child sex abuse and pornography case.

8 hours ago in Music, Olympics

The Band Perry get an Olympic honor

12-overlay-10

"Live Forever" will be the official song of Team USA.