According to a notice on their website and an email sent to subscribers, Yarnmarket has closed its doors and its remaining stock has been sold to Love Knitting.
Yarnmarket was an online yarn, pattern and notions store that was in business for more than 10 years.
The email, sent as usual by Jan and the Yarnmarket Staff says in part:
I and the Yarnmarket staff are saddened to see our beloved store close. We also thank you for your support and for allowing us to serve you for so many years. The good news is that LoveKnitting has purchased our remaining stock of beautiful yarns and other products along with our websites and is carrying on the Yarnmarket tradition.
Just as with Yarnmarket, the LoveKnitting staff and managers are dedicated to customer service and providing quality products. They are currently in the process of adding the Yarnmarket stock to their website and will let you know when it’s ready for you to enjoy once again.
Love Knitting is a British company and states on its website’s announcement that for now all orders will be shipping form the UK but should be able to get to American customers withing 7 business days. Check out their FAQ if you have orders, gift certificates or returns for Yarnmarket.
I always hate to see consolidation and fewer choice in the marketplace, but I wish everyone involved the best in the future!
Update: I had a reader on Facebook ask about the future of the yarn directory Yarndex, which was also owned by Yarnmarket. I asked Love Knitting and got this reply:
We have no plans to delete yarndex completely, but it is a little outdated and does need some work on all the new yarns. I am afraid that is all I can say at the moment.
It would take a lot of love and time to get it up to date, but I certainly hope it happens some day!