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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

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Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
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Amazon just launched its Etsy killer: Handmade

Claire Zillman
By
Claire Zillman
Claire Zillman
Editor, Leadership
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Claire Zillman
By
Claire Zillman
Claire Zillman
Editor, Leadership
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October 8, 2015, 8:23 AM ET
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Getty ImagesPhotograph by Daniel Acker — Bloomberg via Getty Images
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Hold onto your hand-stitched pillows and monogrammed tote bags Etsy (ETSY) lovers, there’s a new craft site in town.

On Thursday, Amazon (AMZN) launched Handmade, its long-anticipated e-commerce website selling artisan goods.

The release announcing the new site said that with Handmade, Amazon “customers can discover artisans from around the world, and shop local from artisans based in their community with the familiar Amazon experience they know and trust.”

The site promises goods categories that are similar to what Etsy offers: jewelry, home decor, artwork, stationary and party supplies, kitchen and dining items, and furniture.

The bar to become a Handmade seller appears to be high. Sellers must apply to Amazon and the company will vet their items to ensure they are made by hand.

Etsy, which went public in March, has faced criticism recently for veering from its artisan roots and launching a program that paired craftsmen with manufacturers so sellers could produce more products.

In its announcement Thursday, Amazon said that Handmade is “factory-free.”

In a statement provided to Fortune, Etsy CEO Chad Dickerson said that Etsy believes it is “the best platform for creative entrepreneurs, empowering them to succeed on their own terms.”

Handmade is launching with 5,000 sellers and more than 80,000 products, according to The Seattle Times. As of now more than 600 items on the site are Prime eligible, Amazon said, and it’s adding more every day.

About the Author
Claire Zillman
By Claire ZillmanEditor, Leadership
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Claire Zillman is a senior editor at Fortune, overseeing leadership stories. 

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