ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Balenciaga is selling a towel skirt for $925 but it is IKEA's cheeky response that stole the show

Ikea’s campaign showcased the towel's versatility and took a dig at high fashion by offering the product for much lower.
PUBLISHED SEP 16, 2024
Cover image source: Balenciaga Instagram | Screenshot from IKEA UK Instagram
Cover image source: Balenciaga Instagram | Screenshot from IKEA UK Instagram

For those who can't afford a Balenciaga "towel skirt", Ikea has made it easier and cheaper. The skirt that arrived on Balenciaga’s website last year for $925 triggered an outrage on the internet. While social media trolled the luxury fashion house for the product, an unlikely competitor emerged. Ikea, known for its value offerings, quickly jumped on the bandwagon and launched a towel skirt of its own. 


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Culted (@culted)


 

The Spanish luxury fashion house has a history of turning ordinary things into fashion. It has previously launched several outrageously expensive products like a leather trash bag for $1,800 and pre-destroyed sneakers that look ordinary but cost a fortune.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by HYPEBEAST (@hypebeast)


 

The Balenciaga towel skirt, part of its 2024 spring collection, was just another addition to this list. On its debut, the skirt was promoted as made of 100% cotton, available in many sizes. As per the official website, the skirt featured two buttons at the waistline, had the option of adding a belt, and carried a Balenciaga logo embroidered on the front.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by HIGHSNOBIETY (@highsnobiety)


 

While those in the fashion business defended it as an expression of creativity, others saw it as nothing but a repulsively expensive towel. As soon as the collection was unveiled and Balenciaga put the skirt up for pre-order, a storm erupted on the social media. 

Gen Z beauty trailblazer Ebboni shared a parody of the pricey piece of fashion on TikTok, with the caption, “POV: You bought the $925 Balenciaga towel skirt…Or get it for free out of your closet," as she wore a comedic replica. 


@ebbonni Or get it for free out of your closet #fyp #virał ♬ IT GIRL (Sped up Version) - Aliyah's Interlude

 

Soon, Ikea saw an opportunity and launched its own towel skirt for only about $900 cheaper. The Swedish company created an entire campaign out of it with a Vinarn bath towel that had a striking resemblance to Balenciaga’s “skirt”.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by IKEA UK (@ikeauk)


 

In its Instagram post, a man wearing sunglasses and a hoodie sported the Vinarn towel around his waist, mimicking Balenciaga’s towel skirt. Ikea’s tongue-in-cheek marketing campaign showcased the towel's versatility and took a dig at the absurdity of high fashion pricing by offering the product for $20. 

Users were beyond impressed by the company's creative take. "Take that Balenciaga!" wrote @demonkittyshop. "Ikea you ate this," added @xuliwenxuan

This wasn't the first time Ikea took a hit at the luxury fashion house. Back in 2017, Balenciaga introduced a large tote bag that looked awfully similar to Ikea's blue shopping bag. The only difference was that Balenciaga's bag was made of leather and it sold for a whopping $2,145.



 

As memes flooded the internet, Ikea launched an ad campaign to promote its "ORIGINAL" tote bag that was massively cheaper at $0.99. 


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by ACNE (@acne_family)


 

With the help of Acne, a Stockholm-based Swedish creative agency, the furniture giant released the hilarious advert to help people differentiate between the original Frakta tote bag and Balenciaga’s expensive Arena Shopper tote bag.

MORE ON MARKET REALIST
The home improvement retailer cut its earnings projections for a third quarter in a row
1 day ago
The President has often made claims that are not entirely true and this seems to be one of them.
1 day ago
The retailer has its own payment service that customers are free to use apart from cash and card.
1 day ago
Claudia Sahm told Fortune that the Fed was stuck in a hard place.
1 day ago
Nela Richardson, chief economist at ADP told Fortune, the granular data shows a shift in job trends.
1 day ago
Shoplifting is a big problem in the country and retailers lose several millions each year.
1 day ago
The two are having a very public falling out and Greene is even going to leave Congress next year.
1 day ago
"She was the worst player/lowest scoring this evening otherwise," a fan reacted.
2 days ago
Jennings went on the greatest "Jeopardy!" run of all time, winning a whopping 74 games.
2 days ago
Clearly, the economy is not in the best shape thanks to inflation and unemployment.
2 days ago
With the cost of Medicare premiums going up next year, things are not looking good for them.
2 days ago
In these uncertain times, people are always looking for options to grow their wealth.
2 days ago
Co-chairman of Oaktree Capital raised serious questions on the impact of AI on jobs.
2 days ago
The fast food chain might have wanted to cut costs but they ended up angering several customers.
2 days ago
The mother of two said that one of her daughters had tricked her by recording an audition tape under the guise of a school assignment.
3 days ago
While skeptics often draw comparisons, the outcome of the AI boom may be different.
3 days ago
The guest said that she did not really care about the item for about 20 years after finding it.
3 days ago
The economist noted that smaller businesses had no choice but to lay people off as costs increased.
3 days ago
Thousands cannot afford to pay so much for groceries and are being creative with what they have.
3 days ago
Customers who might have purchased the product would do well to throw it away or get a refund.
3 days ago