Does Amazon Own Zappos In 2022? (The Complete Story)
Zappos was founded in July 1999 as an online shoe retailer and soon expanded to include clothing, handbags, and eyewear.
Does Amazon Own Zappos In 2022?
Zappos is owned by Amazon. It was founded in 2009 and purchased for $1.2B. Amazon also continues to manage the separate website where customers can shop thousands of styles. They offer a return policy of 365 days. Additionally, Zappos is just one of over 100 companies owned by Amazon.
What is Zappos?
Zappos.com is an online footwear and clothing retailer that started 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.
Moreover, the retailer maintains an impressive inventory of thousands of shoe styles and brands, including top names like Converse, Adidas, Nike, and New Balance, just to name a few.
Zappos is expanding its range of handbags, clothes and accessories. But, Zappos remains committed to customer satisfaction.
Amazon Purchased Zappos
Zappos and Amazon share similar origins. Zappos began selling shoes online, while Amazon started out as an online book seller.
Each company grew quickly. Amazon, however, has seen a much greater growth rate. Amazon now stands at $1.76 Trillion and is forecast to continue developing in the next decade.
Amazon thus decided to acquire Zappos, a company that has positive effects on customers in 2009, to enhance its business portfolio.
Amazon was able to recognize the potential of Zappos. This is evident in Zappos’ yearly revenue exceeding $2 billion.
Amazon.com has thousands of shoe sales directly through Zappos. This retailer can have greater influence and control than two of the most popular sites to purchase shoes online.
Shopping online can also help Amazon indirectly by supporting Zappos.
Amazon Has Other Companies
Zappos isn’t the only company Amazon owns, as Amazon has a long list of acquisitions, particularly in the retail space.
The smart business decisions of Amazon to diversify their portfolio and make sure it’s present in other industries is part of this strategy.
Amazon doesn’t just have Zappos or Whole Foods Market as its most prominent subsidiaries. There are other ones too.
You may also recognize these companies:
Amazon subsidiaries can also be used to cover other organizations as well as different departments within Amazon.
Amazon did not make the Zappos deal in 2009 until a decade later when it acquired many more businesses.
Whole Foods Market was bought for $13Billion in 2017.
Furthermore, Amazon’s acquisition of Amazon had an important impact on U.S. grocery industry and increased Amazon’s competition against traditional supermarkets.
Just like the purchase of Zappos enabled Amazon to become a leader in online shoe sales, more recent acquisitions have further cemented Amazon’s place as a top Fortune 500 company.
Amazon and the acquisitions it made, such as Zappos., seem to have been set up for lasting success. Each year, Amazon’s stock price rises by billions.
See our Related Posts to Find Out More: If Amazon Owns Wayfair, if Amazon Owns Google and if Amazon Owns Kohl’s.
Amazon has owned Zappos since November 2009, and the popular online shoe retailer is just one of over 100 companies within Amazon’s portfolio.
Zappos is like Amazon’s other businesses, having its own chairman and CEO. Headquarters are located in Las Vegas with $2 billion revenue.
Amazon serves as Zappos’ parent and manages their operations.
Amazon owns Whole Foods as well as Twitch and Metro-Goldwyn-Mayer.
With confidence, shop online at Zappos.com or Amazon.com next time you need to order shoes, clothing, or accessory.
.Does Amazon Own Zappos In 2022? (The Complete Story)