Zappos. com is an American online shoe and clothing retailer based in Las Vegas, Nevada, United States. The company was founded in 1999 by Nick Swinmurn and launched under the domain name Shoesite. com. In July 2009, Amazon acquired Zappos in an all-stock deal worth around USD 1. 2 billion at the time.
About Zappos in brief
Zappos. com is an American online shoe and clothing retailer based in Las Vegas, Nevada, United States. The company was founded in 1999 by Nick Swinmurn and launched under the domain name Shoesite. com. In July 2009, Amazon acquired Zappos in an all-stock deal worth around USD 1. 2 billion at the time. On January 16, 2012, the company announced that its computer systems were hacked, compromising the personal information of 24 million customers. This incident led to a class action suit that required customers to change their passwords on the site. On September 9, 2013, the case was dismissed by the Ninth Circuit Court of Appeals, but this decision was ultimately rejected. As of July 2019, litigation continues, with plaintiffs claiming that the company did not adequately protect their personal information.
The case was upheld by the Supreme Court of appeals, and the case continues to be heard in the Supreme Courts of California and the U.S., with the trial expected to last until the end of the year. In 2015 Forbes reported Zappo produces in excess of USD 2 billion in revenues annually. The company expanded to include handbags, eyewear, clothing, watches, and kids’ merchandise in 2007. In 2008, they debuted at No. 23 on Fortune’s Top 100 Companies to Work For. In 2012, Zapps announced it would be handing operations of its Kentucky warehouse to Amazon on September 1, 2012.
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This page is based on the article Zappos published in Wikipedia (as of Dec. 10, 2020) and was automatically summarized using artificial intelligence.
