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

CHART TOPPERS: This week’s top pop songs

magic

LISTEN: This week's top pop songs, according to the latest Billboard chart.

in Entertainment

WATCH: 10 best ‘Simpsons’ episodes

In this photo released by Fox, Homer explains why he wants to bring back the annual 4th of July fireworks display, after it's cancelled for budget reasons, in the "Yellow Badge of Cowardge" Season Finale episode of "The Simpsons," in May 2014. The full 25-year run of "The Simpsons" will arrive on cable channel FXX with a summer marathon, to be paired this fall with a digital extravaganza that could turn other TV shows yellow with envy. "I'm not going to over-promise, but I think this website will provide you with affordable health care," longtime "Simpsons" executive producer Al Jean told a TV critics' meeting Monday, July 21, 2014.

The recent marathon of all 552 episodes of "The Simpsons" inspired us to sit down and come up with our 10 favorite episodes. Enjoy!

in Music

Robert Plant urges Jimmy Page to give up Led Zeppelin reunion

2012 Kennedy Center Honorees and members of the band Led Zeppelin, from left, Jimmy Page, John Paul Jones, and Robert Plant chat on the red carpet after arriving at the Kennedy Center for the Performing Arts for the 2012 Kennedy Center Honors Performance and Gala Sunday, Dec. 2, 2012 at the State Department in Washington.

Robert Plant has urged his former Led Zeppelin bandmate Jimmy Page to end his war of words with the singer and concentrate on recording new music.

in Music

Miley Cyrus pays homeless friend’s legal fees

Miley Cyrus arrives at the MTV Video Music Awards at The Forum on Sunday, Aug. 24, 2014, in Inglewood, Calif.

Miley Cyrus has offered to pay the legal fees for a homeless young man she took to the MTV Video Music Awards on Sunday.

in Music

Nude pictures of 5 Seconds of Summer bassist leak online

Australian pop punk band 5 Seconds of Summer draws a huge crowd as they perform live on the 'Today' show as part of the 2014 Summer Concert Series.

Nude photos of Calum Hood have leaked after the 5SOS bassist reportedly sent a video of himself via Snapchat.