Online Shoe Store Zappos.com Purchases Luggage Retailer 6pm.com

Summary : Online shoe retailer Zappos.com buys 6pm.com, the world's largest online luggage retailer from parent company eBags.

Zappos.com, one of the most popular online shoe stores, announced today in a press release that it will be purchasing 6pm.com, the world's largest online luggage retailer.

Details of the transaction were not provided, but the deal is expected to close in three months. Zappos.com CEO Tony Hsieh says of the deal: "We recognize there are a variety of different types of consumers out there. Through Zappos.com and 6pm.com, we want to provide them with the online shopping experience that reflects their unique needs. 6pm.com has done a terrific job attracting a significant customer base. We recognize that success and plan to continue to operate 6pm.com as a separate website."

CEO Jon Nordmark of eBags.com, 6pm.com's parent company, said, "6pm.com quadrupled in size during the three years we owned the website, We feel confident in our decision to sell 6pm.com to an outstanding company like Zappos.com, as this move will allow eBags to concentrate our energy towards continuing to be the Internet's premier luggage and handbag e-tailer."

Read the full article at AssociatedContent