Amazon customers have bought hundreds of products for one pound after a piece of software used by retailers at the company went wrong.
Some firms that use the software RepricerExpress said that there was a risk of going bankrupt because it had resulted in a huge loss of money, reported Sky News.
The software is designed to keep firms competitive by repricing items of stock so they are cheaper than others in the market.
Hundreds of items were sold at a fraction of their normal prices on Friday between 7pm to 8pm.
One of the sellers, Judith Blackford of Kiddymania said that she could be forced out of business as a result of the technical glitch.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app