Purekit, an online seller of footwear, has
acquired apparel etailer Extremepie for an
undisclosed sum. Extremepie’s previous owner Extreme Group had
put the
business on the market in July last year. The deal was
completed in March and Extremepie’s operations have moved from
Hampshire to Purekit’s Essex base. The acquisition follows
Purekit’s acquisition of Fitness Footwear this
past November.
Apparel retailer H&M is relanching its website
today. In an email to customers, H&M sent a guide to navigating
the new site. According to the email, the new site features more
images, fashion video, and an interactive dressing room.
Urban Outfitters, the US-based apparel retailer,
has confirmed that Stephen Murray has resigned from his position
as global president of the Urban Outfitters brand. He plans to
return to London to join an unnamed wholesaler with an
international presence.
Online retailers have recorded the strongest first-quarter
performance in three years, with the IMRG Capgemini e-Retail
Sales Index up 18 percent on the same period last year. As the
high street reports the worst drop in sales for 15 years,
shoppers spent £5.1 billion online in March-a 14 percent
increase on March 2010. Commenting on the results, Chris Webster,
head of retail consulting and technology at Capgemini said in a
statement that “the 18 percent growth in the Index during
the first quarter is indicative of a new trend. Consumers are
indeed tightening belts, but they are still shopping, and have
simply become more strategic in their buying habits.”
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