12/05/2012 04:28 pm ET Updated Dec 06, 2017

CB2 Recalls 'Lucky Beggar Wallet' And Issues An Apology For Offensive Item (PHOTO, POLL)

CB2 thought it was cute to stock their stores with a product named the "Lucky Beggar Wallet." But now the company is saying "mea culpa" as it has recalled the offensive item.

According to Adweek the young chain, which is a sister store to Crate & Barrel, has pulled the money wallet that was designed to look like the “We’re Happy To Serve You” coffee cups from its site and shelves. CB2 took to Twitter to reply and apologize to followers for selling the item. "We made a bad decision when we purchased this product & have pulled it from stores & online. Please accept our deepest apologies."

While the wallet sounds like a fun concept, the name along with the description given to the product have been getting a lot of flack. "Inspired by the iconic blue and white coffee cup often seen in the hands of New York City panhandlers, this quirky wallet begs to be seen,” reads the statement. To which Jezebel responded, “what a punning evocation of the aestheticization of poverty! Just don't, like, actually use this wallet to panhandle; looking like a poor person is one thing, but being poor is still gross."

But the furniture store wasn’t the only shop selling this questionable change purse. Kikkerland is still selling it for $20, stating it’s perfect "whether you are looking for a handout or headed to the bank..." Fred Flare, Karmaloop and other retailers are still vending the item as well.

So, unfortunately we can add Crate & Barrel to the list of retailers who have offended their customers, which includes American Apparel and , Urban Outfitters. What gives, guys?

Check out the photo below and tell us: do you find it offensive? And be sure to head over Adweek for more information.

cb2 recalls lucky beggar wallet

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