Amazon is shutting down a subsidiary that's been selling fabrics for nearly 30 years, the latest move by the online retail giant to cut costs.
Amazon is shutting down a subsidiary that's been selling fabrics for nearly 30 years, the latest move by the online retail giant to cut costs.
"As part of our regular business planning, we continually evaluate the progress and potential of our offerings and have made the decision to close Fabric.com," Amazon spokesperson Betsy Harden said in a prepared statement. Georgia-based Fabric.com was founded in 1993 under the name Phoenix Textiles Group. It operated as a wholesale distributor of apparel fabrics for several years before it launched its own website and began selling items directly to consumers.
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