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 National, Sports

Ohio State University fires marching band director

osu

OSU has fired the director of its celebrated marching band amid allegations he knew about "serious cultural issues" including sexual harassment.

in Sports

Ravens’ Rice suspended 2 games

rice

Pro Bowl running back Ray Rice has been suspended without pay for the first two games of the season for violating the league's personal conduct policy.

in National

Unemployment claims at lowest level since ’06

jobs

The number of Americans filing new claims for unemployment benefits fell to the lowest level in more than eight years last week.

in Sports

Maybin banned 25 games for doping violation

sandiego

San Diego Padres outfielder Cameron Maybin has been suspended for 25 games.

in Lifestyle

If you need a passport, prepare to wait

passport

The State Department says its global database for issuing travel documents has crashed, causing major delays for travelers.