The Big Fat Marketing Blog

Breaking news this afternoon: Amazon spent a boat load on shoes. Yep, Amazon spent more than $850 million on Zappos.com.

Sounds like a dot-com deal of yore, especially when you consider recent bankruptcy deals like Golden Gate Capital’s purchase of Eddie Bauer or Golden Gate’s on-the-cheap deal for J. Jill.

Why did Amazon shell out so much money, and why was Zappos willing to make the deal? Zappos CEO Tony Hsieh summed it up in this e-mail to his employees: more

Breaking news this afternoon: Amazon spent a boat load on shoes. Yep, Amazon spent more than $850 million on Zappos.com.

Sounds like a dot-com deal of yore, especially when you consider recent bankruptcy deals like Golden Gate Capital’s purchase of Eddie Bauer or Golden Gate’s on-the-cheap deal for J. Jill.

Why did Amazon shell out so much money, and why was Zappos willing to make the deal? Zappos CEO Tony Hsieh summed it up in this e-mail to his employees: more

Although the proposal for five-day mail delivery by U.S. Postmaster General John E. Potter remains unanswered in Congress, Potter believes it will become reality by FY 2011. And the U.S. Postal Service returns to the black by FY 2012. This bold prognostication came out of a meeting last week, according to a letter by Charley Mapa, president of the National League of Postmasters. more