Does Amazon Own Zappos In 2022? (The Complete Story)
Zappos started as an online store selling shoes and quickly expanded to offer clothing and handbags.
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 is also just one company that Amazon owns.
What is Zappos?
Zappos is an internet shoe and clothing shop that was originally founded 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.
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.
Zappos is expanding its range of handbags, clothes and accessories. But, Zappos remains committed to customer satisfaction.
Amazon Purchased Zappos
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 therefore decided to purchase Zappos 2009 in order to expand its range of companies with positive customer impact.
Amazon was able to recognize the potential of Zappos. This is evident in Zappos’ yearly revenue exceeding $2 billion.
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.
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.
Does Amazon Own Other Companies?
Zappos doesn’t have to be Amazon’s only acquisition, Amazon also has many other companies, especially in the retail sector.
It’s part of Amazon’s smart business strategies to diversify its portfolio, ensure that it is represented in different industries and not just retail.
Amazon has many subsidiaries. Zappos, Whole Foods Market, and Whole Foods Market may be the most popular. But there are plenty more to keep an eye on.
Here are some other companies that Amazon owns, you might recognize.
Amazon subsidiaries include both companies outside Amazon and 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.
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 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.
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 is Zappos’ parent company and oversees the operations of its business. It also benefits from its profits.
Amazon owns Whole Foods as well as 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)