Amazon on Thursday announced Handmade at Amazon, a new specialty site designed to sell original handcrafted wares to a unique set of customers in a market led by rival etailer Etsy. Etsy, in its 10th year of operation, put the retail industry on notice in April, when its share price rose to $31, up 88 percent from its initial public offering price of $16. However, its stock price recently has struggled amid concerns about the company’s long-term outlook.
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Handmade at Amazon Could Needle Etsy
Posted by: David Jones October 9, 2015 05:00 AMAmazon on Thursday announced Handmade at Amazon, a new specialty site designed to sell original handcrafted wares to a unique set of customers in a market led by rival etailer Etsy. Etsy, in its 10th year of operation, put the retail industry on notice in April, when its share price rose to $31, up 88 percent from its initial public offering price of $16. However, its stock price recently has struggled amid concerns about the company’s long-term outlook.