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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, which was purchased by Amazon for $1.2 million in 2009, is now owned 100% by Amazon. The online retailer sells thousands of different styles at a time and offers a free return policy. Zappos, however, is not the only company owned by Amazon.
What is Zappos?
Zappos.com is an online footwear and clothing retailer that started as Shoesite.com.
Within a few months of its launch, founder Nick Swinmum changed the name to Zappos, and sales quickly grew.
The name Zappos, which is a Spanish term for shoe (Zapatos), has become a very popular brand in online shoes shopping.
Today, Zappos sells shoes, clothing, handbags, sunglasses, jewelry, and accessories for women, men, and kids.
The retailer also has a large selection of shoes from top brands like Nike, Adidas and New Balance.
Zappos is expanding its range of handbags, clothes and accessories. But, Zappos remains committed to customer satisfaction.
Why was Zappos bought by Amazon?
Zappos is similar to Amazon in that it started off as an internet bookseller, and Zappos as an online shoes seller.
Both companies grew quickly, although Amazon’s growth has been significantly greater as the company is now worth $1.76 trillion and forecast to keep developing over 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 definitely recognized the potential in Zappos, which it has done successfully in recent years as Zappos’ yearly revenue tops $2 billion.
Amazon.com is the second most visited online retailer for shoes, with Zappos being owned by the retailer.
A lot of shoppers do not know that Zappos is Amazon’s business. So they shop for shoes online, and in turn, indirectly support Amazon.
Amazon Has Other Companies
Zappos does not represent the only Amazon business. Amazon has acquired many companies in various sectors, including the retail market.
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.
Whole Foods Market’s 2017 purchase for $13 billion is just one example.
Furthermore, Amazon’s acquisition of Amazon had an important impact on U.S. grocery industry and increased Amazon’s competition against traditional supermarkets.
Amazon has been a leading online seller of shoes since Zappos’ purchase. Other acquisitions have helped to cement Amazon as a Fortune 500 leader.
Amazon and its purchases, which include Zappos as well, appear to be set up for long-lasting success. Amazon’s stock has risen billions each year.
Learn more by visiting our related posts on Amazon and Wayfair. You also can see our post about whether Amazon or Google owns Wayfair.
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 shares the same CEO and chairman as other Amazon-owned companies. The headquarters of Zappos are located in Las Vegas. Revenues totalling $2 billion.
As Zappos’ parent company, Amazon oversees its operations and benefits from its profits.
Amazon has many other businesses, including Whole Foods, Twitch and Metro-Goldwyn-Mayer.
So, next time you want to buy shoes, clothing, or accessories online, you can shop on Amazon.com or Zappos.com with confidence.
.Does Amazon Own Zappos In 2022? (The Complete Story)