Little Swan Dongshan faces $4.2M loss due to pricing error on washing machines, potentially leading to bankruptcy.
Little Swan Dongshan Franchise Shop, a small Chinese retailer, faces a potential loss of $4.2 million due to an employee's pricing error that listed washing machines for $42 instead of $240. This mistake led to over 40,000 orders within 20 minutes on August 28. The company is seeking to issue refunds and asking customers to cancel their orders while cooperating with local authorities. If unable to prove the error, they may have to honor the sales, risking bankruptcy.
September 09, 2024
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