


Trader Joe’s mini canvas tote is the latest item to cause a stir on social media, so much so that resellers are reaping a fortune on the hype.
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.
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 Nakia Rohde, a spokesperson for the chain. “Customers can expect to see them in our stores in late summer.”
Dollar Tree to close nearly 1,000 stores
Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 stores after the discount retailer slashed the value of a rival chain it acquired almost a decade ago.
Dollar Tree plans to close about 600 Family Dollar stores in the first half of this year and 370 Family Dollar and 30 Dollar Tree stores over the next several years.
Dollar Tree acquired Family Dollar for more than $8 billion in 2015 after a bidding war with rival Dollar General, but it has had difficulty absorbing the chain.
“This dramatic cull is the coup de grâce in the rather botched acquisition of the Family Dollar chain, which has caused Dollar Tree nothing but hassle since it was completed back in 2015,” wrote Neil Saunders, managing director of GlobalData. “Almost ten years on, Dollar Tree is still sifting through the mess it inherited and has not been able to completely turn around.”