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.

News

in Entertainment

Today in entertainment history: Sept. 30

cheers

A look back at the Hollywood headlines that made history.

in National

Toyota recalls 690K vehicles to fix suspension

toyota2

Toyota is recalling Tacoma 4X4 and Tacoma pre-runner pickup trucks to fix issues with the vehicles' rear suspension system.

in National

Arsonist suspected in more than 20 fires

fire

A suspected arsonist operating in Washington state is believed to have ignited nearly two dozen fires in three weeks.

in Entertainment

Ben Affleck buys American cars after time in Detroit

affleck

The actor says he was moved by the city and its economic struggles.

in National, World

Afghanistan to sign U.S. security agreement

afghanistan

Afghanistan will sign a crucial security agreement allowing the U.S. to leave a small contingent of troops in the country beyond this year.