Current:Home > FinanceSafeX Pro Exchange|Trader Joe’s $3 mini totes went viral on TikTok. Now, they’re reselling for hundreds -VitalWealth Strategies
SafeX Pro Exchange|Trader Joe’s $3 mini totes went viral on TikTok. Now, they’re reselling for hundreds
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-10 08:00:57
NEW YORK (AP) — Trader Joe’s mini canvas tote is SafeX Pro Exchangethe latest item to cause a stir on social media, so much so that resellers are taking advantage of the hype.
The mini totes are offered in four colors — blue, red, green, and yellow — and they are all in high demand. The bags, retailing for $2.99, are now advertised on platforms like eBay and Facebook Marketplace for many times their original price.
Offers from third-party sellers range significantly, but as of Wednesday, listings ranged from about $20 for a single bag to as high as $999 for a set of four.
Videos shared on social media show crowds of customers visiting Trader Joe’s stores hoping to get their hands on one of the highly-coveted mini totes. Beyond the checkout line, TikTokers have gained tens of thousands of views for sharing and customizing their bags with detail paint, buttons, and embroidery designs.
“Our Mini Canvas Tote Bags certainly sold more quickly than we anticipated,” said Nakia Rohde, a spokesperson for Trader Joe’s. “Before we had the opportunity to promote them in any way, customers across the country found them at their neighborhood Trader Joe’s.”
While Trader Joe’s is no stranger to having its products go viral, the Monrovia, California-based grocery chain also said it does not condone the reselling its products — with Rohde stressing that “our customers, in our stores, are our focus.”
Exclusivity and limited supply are always key factors impacting both prices and consumer behavior. Beyond the added influence of the internet, that’s previously been displayed in demand for products ranging from the scarcity of Huy Fong Foods’ Sriracha to empty toilet paper shelves seen at the start of the COVID-19 pandemic.
Of course, Trader Joe’s mini totes aren’t the first to become a viral sensation. Stanley cups, for example, similarly skyrocketed to online fame this year, with demand for the tumblers causing chaos at retailers nationwide. Limited-edition Stanley cups have also been priced up by third-party sellers.
The mini totes have sold out in stores across the country, but shoppers can expect to see them return. “We do have more Trader Joe’s Mini Canvas Tote Bags coming,” said Rohde. “Customers can expect to see them in our stores in late summer.”
______________
AP Business Reporter Wyatte Grantham-Philips contributed to this report from New York.
veryGood! (529)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Wisconsin elections review shows recall targeting GOP leader falls short of signatures needed
- Who did the Oscars 2024 In Memoriam include? Full list of those remembered at the Academy Awards
- Trump seeks delay of New York hush money trial as Supreme Court weighs presidential immunity
- Olympic disqualification of gold medal hopeful exposes 'dark side' of women's wrestling
- Women’s roller derby league sues suburban New York county over ban on transgender female athletes
- Protesters flood streets of Hollywood ahead of Oscars
- Equal education, unequal pay: Why is there still a gender pay gap in 2024?
- Police remove gator from pool in North Carolina town: Watch video of 'arrest'
- How Does Love Is Blind’s Chelsea Feel About Trevor Now? She Says…
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Proof Channing Tatum Is Already a Part of Zoë Kravitz’s Family
- When does 'Invincible' come out? Season 2 Part 2 release date, cast, where to watch
- A former Boeing manager who raised safety concerns is found dead. Coroner suspects he killed himself
- New Orleans mayor’s former bodyguard making first court appearance after July indictment
- Karl Wallinger of UK bands World Party and the Waterboys dies at 66: Reports
- Wisconsin elections review shows recall targeting GOP leader falls short of signatures needed
- Wild horses facing removal in a North Dakota national park just got another strong ally: Congress
Recommendation
'Most Whopper
Wisconsin Republicans fire eight more Evers appointees, including regents and judicial watchdogs
National Republican Chairman Whatley won’t keep other job leading North Carolina GOP
63,000 Jool Baby Nova Swings recalled over possible suffocation risk
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Four astronauts from four countries return to Earth after six months in orbit
Airbnb bans indoor security cameras for all listings on the platform
Lawsuit accuses Columbia of singling out 2 pro-Palestinian groups by suspending them after protest