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

3 hours ago in Entertainment

Judge rules Bill Cosby must stand trial on sexual assault charges

Updated
15-overlay-11

A Pennsylvania judge ordered entertainer Bill Cosby to stand trial on sexual assault charges over allegations that he drugged and assaulted a woman in 2004.

3 hours ago in Entertainment

Video gaming returns to TV with new league

gamingREUTERS

Competitive video gaming returns to TV with the launch of a 10-week gaming league that will be broadcast on TBS.

4 hours ago in Entertainment

Changes are coming to Twitter

twitterREUTERS

User names and attachments - including photos and videos - will no longer count towards the length of a tweet, but the 140-character limit will stay.

4 hours ago in Entertainment

‘Pink Panther’ star Burt Kwouk dies at 85

burtkwoukREUTERS

He also starred in numerous films, among them three James Bond movies including "Goldfinger."

7 hours ago in Entertainment

Watch Hank Azaria’s ‘Simpsons’ inspired commencement speech

10-overlay-8

"The Simpsons" star brings out some of his classic animated characters to address the graduates of Tufts University.