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Stock impact report

Walmart's version of the Hermès Birkin has taken over the internet [CNN]

lululemon athletica inc. (LULU) 
Last lululemon athletica inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lululemon.com
Company Research Source: CNN
CNN — The leather handbag available on Walmart's website is a more affordable alternative to French luxury goods maker Hermès' Birkin bag. Many Wirkins appear to have sold out after buzz on social media. Luxury brands like Hermès have remained in the public eye, but their prices put them out of reach for most people. Nonetheless, bargain-hungry shoppers love indulging — making cheaper, high-quality duplicates appealing. Fashion influencers also play into the hype of these look-alikes, which the rise of online shopping and cheap shipping prices, even from halfway across the world, have made more accessible than ever. Hermès doesn't sell its bag online, but Maison de Luxe, a Los Angeles-based company that sells brand new and pre-owned Hermès bags, lists Birkin bags between $26,500 and $399,999. A “standard model” Birkin, which takes up to 40 hours to make by hand by a single artisan, can start at around $7,200 according to SACLÀB, a Munich-based marketplace. Would-be Birkin b Show less Read more
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