Australia's largest footwear retailer Accent Group has snapped up online activewear retailer Stylerunner for a bargain basement price less than three weeks after it collapsed.

Accent, which owns the Athletes Foot, Hype and Platypus chains, has acquired all of Stylerunner's assets including inventory and intellectual property on a debt-free basis  through a newly capitalised subsidiary and has hired co-founder Julie Stevanja and her team of 14 staff to run the business.