Walmart shoppers are rushing to buy $80 kitchen essential which scans for $19

WALMART has slashed the price of a professional chef's kitchen knife by $61.

The Vavsa eight-inch Professional Chef's Knife usually retails for $79.99 at Walmart.

Yet, right now customers can snag the knife for just $18.99 on Walmart.com.

The knife comes in a pre-arranged gift box, making it easier to send as a present.

The Vavsa blade is stainless steel and comes equipped with an ergonomic wooden handle.

And, as the name implies, the knife is marked for home chefs as well as professionals working in restaurants.

"This 8-inch chef's knife can easily handle your daily kitchen tasks such as chopping, slicing, mincing and dicing fruits, vegetables and many types of meat including fish, chicken, and beef," a description on Walmart.com reads.

"It really is the all-purpose cooking knife! Suitable for entry-level cooking enthusiasts and professional chefs," the description continues.

Walmart shoppers also have the option of buying the knives as part of a larger set.

Despite the heavy markdown, the Vavsa Chef's Knife has mostly very positive reviews.

The knife holds a 4.7 out of five average based on a whopping 585 reviews.

"Build quality is top notch!," exclaimed one 5-star review.

Another touted its versatility, as well.

"Very sharp good quality and reasonable price. We use them everyday for our vegetables and meats. Good quality," they said.

Some gave more mixed-to-positive reviews.

"Great quality for the price. Of course, they need sharpening out of the box as they are production cutlery, but the guarantee and name are worth it," one reads.

Some Walmart customers may be wondering if they will have delivery delays thanks to a trucking company partner succumbing to bankruptcy.

Yellow Corp. announced earlier this week that it was laying off 8,000 workers.

The Teamsters Union said the trucking company was headed toward bankruptcy.

The company had been in business for a century.

While Walmart was one of Yellow's biggest retail partners, the big box retailer put a pause on shipments amid the trucking company's financial struggles, according to Reuters.

A Walmart rival has also declared bankruptcy and will soon shut down for good.

And a retail expert gave The US Sun an exclusive in-depth interview on store struggles throughout the country.