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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 July 2009, Amazon acquired Zappos in an all-stock deal worth around $1.2 billion at the time.
It is down 20.1% year to date at the time of this writing, and 45.9% from its all-time high. Here's what's driving the sell-off and if the high-yield dividend stock is worth buying now.
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