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 Music

Soundgarden fan sends death threats to Chris Cornell

Fresh
Chris Cornell of Soundgarden performs at Rock on the Range on Sunday, May 19, 2013 in Columbus, Ohio.

An obsessed fan of Soundgarden frontman Chris Cornell has been arrested and charged with sending death threats to the rocker and his family.

in Music

Arcade Fire confused by fans’ love for free downloads

Fresh
Win Butler and Reed Parry of Arcade Fire perform at the 2014 Big Day Out Festival.

Arcade Fire are baffled by the avalanche of online file-sharing because fans will regularly buy expensive coffee but expect to get records for free.

in Music

Lars Ulrich fuels AC/DC Glastonbury rumor

Lars Ulrich of Metallica poses for portraits at the 66th international film festival, in Cannes, southern France, Thursday, May 16, 2013. Ulrich is promoting the film Metallica Through The Never, directed by Nimrod Antal.

Metallica star Lars Ulrich has fueled rumors rock veterans AC/DC will headline Britain's iconic Glastonbury festival next year.

in Music

Evanescence’s Amy Lee gives birth to baby boy

Amy Lee of American rock band Evanescence performs during the Rock in Rio music festival in Rio de Janeiro, Brazil, (Foto vom 02.10.11). "Jedes Mal, wenn wir ein Album machen, ist es ein grosser Meilenstein in meinem Leben", sagt die 29-jaehrige Frontfrau Amy Lee von Evanescence im dapd-Interview. "The Open Door" 2006 sei eine Art Abschied gewesen, "Evanescence" markiert nun einen Neuanfang. Die US-Rockband legt am kommenden Freitag (07.10.11) ihr drittes, selbstbetiteltes Album vor. (zu dapd-Text) Foto: Felipe Dana/AP/dapd

Amy Lee introduces her first child to the world with her Instagram account.

in Weird

Social media asks: ‘Who is the women in black?’

Woman In Black

A quiet woman wearing a flowing, black dress has the curious wondering who she is and spurred a social media site to document her trek.