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US$2 billion (2015) Number of employees. 1,500+. Parent. Amazon. Website. zappos.com. Zappos.com is an American online shoe and clothing retailer based in Las Vegas, Nevada, United States. [ 1] The company was founded in 1999 by Nick Swinmurn and launched under the domain name Shoesite.com.
In the 1990s, the flea market was moved off to the side in the old Gee Bee store, taking foot traffic away from the retail stores located inside the mall. The building then fell into a state of ruin. By the time the mall closed in 2005, it was only worth $1.38 million - less than the $1.4 million that Benderson Development Company paid for it 1988.
The company continued to struggle through the retail apocalypse, and in late summer of 2022, Bed Bath & Beyond announced plans to close 150 stores, lay off 20% of its corporate and supply chain staff, and eliminate the role of COO and CSO within the company. Liquidity was raised to about $1B after a loan and additional financing were secured.
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