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Stock impact report

Walmart is selling a $78 dupe of the Hermès Birkin bag that fans say is so realistic it makes the expensive one obsolete [Fortune]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
Company Research Source: Fortune
The retailer is selling a lookalike of the popular Hermès purse for just $78, while the real thing can cost hundreds of thousands of dollars. This year, Walmart has proven itself to be the master of the dupe . The retailer is pulled in both lower- and upper-income households by offering low prices on goods that look high-end, including many items that look like they belong in a Pottery Barn or Crate & Barrel. And the “Wirkin”—the dupe of the illustrious Hermès Birkin bag—is perhaps the most popular of Walmart's designer offerings. The $78 lookalike of the luxury purse—that retails anywhere from $10,000 to $40,000 for a new bag, or up to more than $300,000 on resale—is all over social media. The Walmart Birkin, which is listed as “ KAMUGO Genuine Leather Handbags Purse for Women ,” has blown up so much, in fact, that it appears to have sold out on Walmart's website. Walmart didn't immediately respond to Fortune 's request for comment on whether the product was completely sold out Show less Read more
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