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 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. Zappos is only one of the over 100 Amazon companies.
What is Zappos?
Zappos is an online store for clothing and shoes that originated as Shoesite.com.
The company was founded by Nick Swinmum and launched within a matter of months.
The name Zappos, which is a Spanish term for shoe (Zapatos), has become a very popular brand in online shoes shopping.
Zappos is a retailer of shoes, clothing and handbags for children, women and men.
The retailer also has a large selection of shoes from top brands like Nike, Adidas 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.
Amazon Purchased Zappos
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 clearly recognized Zappos’ potential. In fact, Zappos’ annual revenues exceed $2 billion.
Amazon.com is the second most visited online retailer for shoes, with Zappos being owned by the retailer.
Also, many shoppers don’t even realize that Amazon owns Zappos, so they buy shoes online and indirectly support Amazon in the process.
Amazon Has Other Companies
Zappos isn’t the only Amazon company. Amazon has numerous acquisitions in particular the retail industry.
Amazon has smart business principles that allow it to diversify its product portfolio, and it will ensure it is present across all industries.
While Zappos is Amazon’s most well-known subsidiary, Whole Foods Market and Whole Foods Market are two of its best-known, there are many others you should be aware of.
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.
The $13 Billion purchase of Whole Foods Market 2017 is an excellent example.
Additionally, the Amazon acquisition made a huge impact on America’s grocery market and allowed Amazon to increase its competitiveness with other supermarkets.
Amazon is a Fortune 500 top-ranked company just like Zappos allowed it to be a leader online in shoe sales. Amazon has also been further cemented by recent acquisitions.
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.
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 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, in addition to Zappos and Whole Foods is also home to Twitch, Metro-Goldwyn-Mayer and Twitch.
You can buy footwear, clothes, and accessories on Amazon.com, Zappos.com, and feel confident.
.Does Amazon Own Zappos In 2022? (The Complete Story)