Wednesday, June 25, 2008

Amazon.com Buys Fabric.com

Seattle-based online retailer Amazon.com said this morning that it has purchased Fabric.com, an online fabric store. Financial terms of the deal were not disclosed. Fabric.com is based in Marietta, Georgia, where the firm will continue to function as a stand-alon operation. Amazon.com said the buy will allow it to expand its selection of fabrics and accessories in the sewing, craft, and hobby segment. Fabric.com was founded in 1999 by Stephen Friedman, who is also the firm's CEO.