Zappos
| Zappos | |
|---|---|
| legal form | Corporation |
| founding | 1999 |
| Seat |
Las Vegas , Nevada ,
|
| management | Tony Hsieh ( CEO ) |
| Number of employees | 1500 |
| sales | $ 1 billion |
| Branch | retail trade |
| Website | www.zappos.com |
| Status: 2009 | |
Zappos.com (English) [sæp-pos] Zappos is an online shop that specializes in the sale and delivery of shoes and fashion items.
Its headquarters are in Henderson, Nevada , USA. The company employs over 1,500 people and has its own shipping center in Shepherdsville , Kentucky, USA.
history
As a venture capitalist , Swinmurn was able to get Tony Hsieh, then 24, on board. This caused a sensation a year earlier after he sold his StartUp LinkExchange to Microsoft for $ 265 million . The figures presented to him by Swinmurn, according to which around five percent of all US shoe sales in 1998 were processed through catalog orders, convinced the young entrepreneur. Swinmurn had found his niche and founded the company Zappos in 1999 (based on the Spanish word zapatos , which stands for shoes).
The company quadrupled its sales to $ 8.6 million. The following year the company opened its own fulfillment center in Shepherdsville, Kentucky. Advertising costs were minimal and the company grew mostly through word of mouth. In 2003 the company increased its sales to $ 70 million. In 2004, venture capital firm Sequoia Capital invested $ 35 million in Zappos.com. In the same year, the company moved its headquarters from San Francisco to Las Vegas . 2004–2007, Zappos doubled sales to USD 840 million.
In 2013 the company moved to the former Las Vegas City Hall .
Takeover by Amazon
In July 2009, Amazon.com took over the online shoe store Zappos for around $ 850 million. Amazon announced that it would settle the purchase price with its own shares worth $ 807 million, plus $ 40 million in cash for the Zappos employees.
Products
The company generates 80 percent of its sales through online sales of shoes and shoe accessories, with household goods, bags, jewelry and cosmetics accounting for a further 20%. Around 50,000 different articles are currently offered online.
Organizational form
The company is known for being organized internally according to the rules of the holocracy .
Individual evidence
- ^ Meet our Monkeys
- ^ The New Zappos Downtown Las Vegas Headquarters
- ^ Sarah Lacy: Amazon Buys Zappos; The Price is $ 928m., Not $ 847m. In: TechCrunch . July 22, 2009, accessed April 1, 2017 .