Does Amazon Own Zappos In 2022? (The Complete Story)
Zappos, which was originally founded as an online seller of footwear in July 1999, soon expanded to sell clothing, handbags, eyewear, and other products.
Does Amazon Own Zappos In 2022?
Zappos was bought by Amazon in 2009 for $1.2 billion. Since then, Amazon owns the site. Shoppers can still stock up on thousands more styles and have a 365-day returns policy. 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.
Zappos has shoes, clothing handbags, sunglasses and jewelry for sale.
Retailer also maintains a huge inventory with thousands of styles and brands of footwear, including some of the most popular names such as Converse, Adidas, Nike and New Balance.
Zappos, despite its expansion to include handbags in addition to clothes, is committed to customer satisfaction.
Why was Zappos bought by Amazon?
Zappos shares similar starting points to Amazon, with Zappos being an online bookstore and Amazon as a book retailer.
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.
To expand its product portfolio, Amazon purchased Zappos in 2009.
Amazon certainly recognized Zappos’ potential. Zappos’ annual sales now exceeds $2Billion.
By owning Zappos and selling thousands of shoes directly on Amazon.com, the retailer has greater control and leverage over two of the most popular places to buy shoes online.
Many shoppers are unaware that Zappos is owned by Amazon. They shop online for shoes and support Amazon indirectly.
Are Other Companies Owned by Amazon?
Zappos doesn’t have to be Amazon’s only acquisition, Amazon also has many other companies, especially in the retail sector.
Amazon has smart business principles that allow it to diversify its product portfolio, and it will ensure it is present across all industries.
Amazon does have a few well-known subsidiaries like Whole Foods Market or Zappos. However, you need to know about many more.
Here are some other companies that Amazon owns, you might recognize.
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 was bought for $13Billion in 2017.
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.
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 its other acquisitions (including Zappos) are clearly set up to be long-lasting successes, with the stock rising billions in value every year.
You can read our other posts to find out more about Amazon’s ownership of Wayfair and whether Amazon has purchased Google.
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.
Amazon is Zappos’ parent company. This means that Amazon manages Zappos and receives a portion of the profits.
Amazon is not only the owner of Zappos but also Whole Foods and Twitch.
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)