Why Your $3 Trader Joe’s Tote Bag Is Now a Status Symbol

From Wall Street Journal.

The Trader Joe’s tote, which sells for $2.99 in the U.S., has joined the ranks of geographically specific status bags like those from London’s Daunt Books or Paris’s Shakespeare and Company.⁠

Because there are no Trader Joe’s stores abroad, the bags are listed on resale platforms like Depop, eBay and Korea’s Karrot market for up to $10,000—with some eBay listings reaching $50,000.⁠

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