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 National, World

Netanyahu says Iran is threat to Israel, world

netanyahuspeech

The Israeli Prime Minister called for action over Iran's nuclear program.

in National

Supreme Court set to hear second major Obamacare challenge

obamacare

The court will consider a conservative challenge to tax subsidies critical to the measure's implementation.

in Entertainment

Jamie Dornan signs on for war drama amid ‘Fifty Shades’ rumors

dornan

The casting news comes just days after reports he pulled out of plans to appear in the sequels to "Fifty Shades of Grey."

in Entertainment, Weird

Stop defacing money in honor of Leonard Nimoy

nimoy2

Canadian currency is getting the "Star Trek" treatment and bank officials are not happy.

in National

Homeland funding appears on track minus immigration add-ons

homeland

Legislation to fund the Department of Homeland Security is headed back to the House.