SEATTLE--(BUSINESS WIRE)--Nov. 2, 2009--
Amazon.com, Inc. (NASDAQ:AMZN) today announced the completion of its
acquisition of Zappos.com. Zappos.com, Inc. is a leader in online
apparel and footwear sales that strives to provide shoppers with the
best possible service and selection. The acquisition brings together two
companies who share a passion for serving customers and whose customers
benefit from cultures of innovation and long term thinking. Amazon.com
previously announced that it had reached an agreement to acquire
Zappos.com on July 22, 2009.
The Zappos management team will remain intact, and Zappos will operate
its successful brand and unique culture of service independently with
headquarters in Las Vegas, NV. To read Zappos CEO Tony Hsieh's letter to
employees when the acquisition was announced on July 22, go to http://blogs.zappos.com/ceoletter.
About Amazon.com
Amazon.com, Inc. (NASDAQ:AMZN), a Fortune 500 company based in Seattle,
opened on the World Wide Web in July 1995 and today offers Earth's
Biggest Selection. Amazon.com, Inc. seeks to be Earth's most
customer-centric company, where customers can find and discover anything
they might want to buy online, and endeavors to offer its customers the
lowest possible prices. Amazon.com and other sellers offer millions of
unique new, refurbished and used items in categories such as Books;
Movies, Music & Games; Digital Downloads; Electronics & Computers; Home
& Garden; Toys, Kids & Baby; Grocery; Apparel; Shoes & Jewelry; Health &
Beauty; Sports & Outdoors; and Tools, Auto & Industrial.
Amazon Web Services provides Amazon’s developer customers with access to
in-the-cloud infrastructure services based on Amazon's own back-end
technology platform, which developers can use to enable virtually any
type of business. Examples of the services offered by Amazon Web
Services are Amazon Elastic Compute Cloud (Amazon EC2), Amazon Simple
Storage Service (Amazon S3), Amazon SimpleDB, Amazon Simple Queue
Service (Amazon SQS), Amazon Flexible Payments Service (Amazon FPS),
Amazon Mechanical Turk and Amazon CloudFront.
Amazon and its affiliates operate websites, including www.amazon.com,
www.amazon.co.uk,
www.amazon.de,
www.amazon.co.jp,
www.amazon.fr,
www.amazon.ca,
and www.amazon.cn.
As used herein, “Amazon.com,” “we,” “our” and similar terms include
Amazon.com, Inc., and its subsidiaries, unless the context indicates
otherwise.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements reflect
current expectations, are inherently uncertain and are subject to known
and unknown risks, uncertainties and other factors, and actual results
may differ significantly. Factors that could cause future results to
differ materially from expected results include, but are not limited to
effects of the merger on Amazon.com’s financial results and the
potential inability to successfully operate Zappos’ businesses,
including the potential inability to retain customers, key employees or
vendors, and risks related to competition, management of growth, new
products, services and technologies, potential fluctuations in operating
results, international expansion, outcomes of legal proceedings and
claims, fulfillment center optimization, seasonality, commercial
agreements, acquisitions and strategic transactions, foreign exchange
rates, system interruption, inventory, government regulation and
taxation, payments and fraud. More information about factors that
potentially could affect Amazon.com's financial results is included in
Amazon.com's filings with the Securities and Exchange Commission,
including its most recent Annual Report on Form 10-K and subsequent
filings.
About Zappos.com
Established in 1999, Zappos.com has quickly become a leader in online
apparel and footwear sales by striving to provide shoppers with the best
possible service and selection. Zappos.com currently stocks millions of
products from over 1000 clothing and shoe brands. Zappos.com was
recognized in 2009 by FORTUNE MAGAZINE as one of the "100 BEST COMPANIES
TO WORK FOR", debuting as the highest-ranking newcomer to FORTUNE's 2009
list. More information about the company's customer service philosophy,
unique company culture, and job openings can be found at http://about.zappos.com.
To get a glimpse behind the scenes at Zappos, please visit http://blogs.zappos.com.
More information about the "Zappos Insights" business membership program
can be found at http://www.zapposinsights.com.
Source: Amazon.com, Inc.
Amazon.com
Amazon Media Hotline, 206-266-7180
