Does Amazon Own Zappos In 2022? (The Complete Story)
Zappos was established in July 1999 to be an online shoe store. Soon, Zappos expanded to include handbags and clothing.
Does Amazon Own Zappos In 2022?
Zappos has been owned by Amazon since 2009. It was acquired in a $1.2billion deal. Amazon continues to run the Zappos online store as an independent site that allows shoppers to stock up on thousands and styles of shoes with a 365 day return policy. Additionally, Zappos is just one of over 100 companies owned by Amazon.
What is Zappos?
Zappos is an online store for clothing and shoes that originated as Shoesite.com.
It was launched by Nick Swinmum in just six months. Sales soared quickly after that.
Also, the name “Zappos” comes from the Spanish word for shoes (Zapatos), and it’s become one of the most popular brands in online shoe shopping.
Today, Zappos sells shoes, clothing, handbags, sunglasses, jewelry, and accessories for women, men, and kids.
Additionally, this retailer has an extensive inventory of over 2,000 shoe brands and styles, including the top names Nike, Converse, Adidas, Nike and New Balance.
Even though Zappos has grown substantially to offer handbags and clothes, it remains committed to customer satisfaction and easy shopping, not to mention a generous return policy covering 365 days.
Why Did Amazon Buy Zappos?
Amazon and Zappos share similar beginnings, as Amazon began as an online bookseller and Zappos started as an online shoe seller.
Both businesses grew fast, though Amazon’s was significantly faster. The company now has a market capitalization of $1.76 trillion. It is expected to continue its growth over the next decade.
Therefore, Amazon decided to buy Zappos in 2009 to help expand its portfolio with similar companies that can positively impact customers.
Amazon recognized Zappos’ potential, and has been able to do so with great success in recent years. Zappos’ annual revenue is now over $2 billion.
Amazon.com and Zappos are two popular online stores that sell shoes. The retailer now has more control over these retailers.
Many customers don’t know Zappos exists. Therefore, they purchase shoes online to support Amazon.
Amazon Does Amazon Have Other Companies?
Zappos may not be the only Amazon-owned company. Amazon is also a major acquirer in the retail and wholesale space.
Amazon uses smart business methods to diversify and represent its products in many industries.
So, while Zappos and Whole Foods Market are some of Amazon’s well-known subsidiaries, there’s plenty of others to be aware of too.
Below are examples of companies Amazon may have acquired:
Amazon subsidiaries are also available for outside organisations and various divisions within Amazon.
The Zappos deal in 2009 was quite early for Amazon, as in the decade since the retailer has taken over many more companies.
The $13 Billion purchase of Whole Foods Market 2017 is an excellent example.
Further, this Amazon acquisition had a significant impact on the overall grocery industry in the U.S. and helped Amazon up the stakes in its competition with traditional supermarkets.
Amazon was able to make Zappos a major online retailer of footwear. The company’s recent acquisitions further cement its position among the Fortune 500.
In fact, Amazon and all its acquisitions, including Zappos, are seemingly set up for long-lasting success, as the company’s stock rises billions of dollars every year.
For more information, please visit our similar posts: if Amazon is the owner of Wayfair; if Amazon is the owner of Google; if Amazon is the owner or manager at Kohl’s.
Zappos is owned by Amazon since November 2009. The popular online retailer of shoes has been part of Amazon’s over 100-company portfolio.
Zappos, like other Amazon companies, has its CEO and Chairman. Its headquarters are in Las Vegas, and it generates $2 billion annually.
Amazon, Zappos’ parent firm oversees operations and reaps profits.
Amazon is not only the owner of Zappos but also Whole Foods and Twitch.
If you’re looking for shoes or clothing online, Zappos.com is the best option.
.Does Amazon Own Zappos In 2022? (The Complete Story)