Thank you for your understanding! The retailer, which sells brands such as Alexander McQueen, Valentino, Dior, Nike and Adidas, was forced to close stores during various lockdowns through 2020 and 2021. Best source for liquidation merchandise and most innovative reverse logistics solutions. Sneakerboy was founded by Melburnian Chris Kyvetos, who was credited with pioneering a luxury retail revolution by The Business of Fashion. We recommend that you browse through our catalog and choose your favorite shoe liquidation truckload. Hi Keira,Thank you for reaching out and taking the time to leave us a review.We pride ourselves in providing top tier customer service and are so sorry to hear that we missed the mark in this instance.We're sorry to hear that you are experiencing a delay, however during busy sales periods there may be increased processing and shipping time for customer orders. If you guys are reading this (STAFF) my order # is ORDER 317094 its a shame it has to come down to this. I will be taking this to consumer affairs and will be filling a complaint! 2023 RLA Excellence Awards Winner: 'Innovation Solutions Partner' Read the Press Release. However, he said that poor business management was also a prominent factor. An investigation is now underway to determine whether Sneakerboy traded while insolvent. SNEAKERBOY in Little Bourke Street. Plaintiff's details Plaintiff's address for service: Still hasnt been shipped. Our liquidation truckloads are sourced from some of the largest retailers in the United States. Messages left on instagram, seenzoned. Sneakerboy has been left with just four retail stores - three in Melbourne and one in Sydney, and an online store. At the time,The Herald Sunreported Pacific Fair was chasing the company for nearly$300,000 in unpaid rent. Sneakerboy has previously faced wind-up actions from footwear brand Adidas in 2021 and the Victorian Commission of State Revenue in 2020. Have opened a dispute with afterpay on this and Im currently waiting to hear back from consumer affairs and the Victorian Ombudsman, Hi Jorgia,Thank you for taking the time to review Sneakerboy. . If you have already emailed us with this request, we thank you for your patience and assure you we will get to your request as soon as possible.Kind regards,SNEAKERBOY, I purchased 2 balenciaga in March 3 months later I have only received 1 the other is still on back order. Anything you order from their website doesnt actually exist in their warehouse, yet they continue to take orders and never respond to your emails, one angry customer on Trustpilot said. Do you know more? We assure you well get to your enquiry as soon as possible and thank you for your patience.Kind regards,SNEAKERBOY. Sneakerboy sells upmarket footwear and streetwear, with some Balenciaga sneakers on its walls reaching north of $1500. Cult retailer Sneakerboy has been sold after collapsing into voluntary administration in February. What do you get in return? Ive tried calling to no avail. If there's one apparel item that everyone uses, its shoes. These retailers sell us the surplus stock from their inventory which we, in turn, sell on to customers. Wholesale Liquidation Overstocks Bulk Returns Nike Jordans Levi. Please look for an email from Hamilton Murphy outlining the actions around past orders. That's because when you purchase from conventional wholesalers, you have to purchase the same brand or product in bulk in order to get a discounted price. The telephone number for Luxury Retail Groups corporate headquarters in Melbourne remained disconnected on Tuesday. I realised then they were taking our money then paying nike before Nike would give them the stock. Just a week before Sneakerboy collapsed, with $17.2 million owed . Still hasnt been shipped. Internet divided over gross find in bulk buy bargain at major retail chain, Urgent recall: Noodle buy pulled from Victorian stores amid reaction fears. Hamilton and Murphy liquidator Stephen Dixon said in a report to the Australian Securities and Investments Commission (ASIC) in December that Sneakerboy attributed its financial hardships to the pandemic. Clothing . I am furious!!! Luxury sneaker retailer Sneakerboy is facing liquidation after sportswear giant Adidas launched legal action over an unpaid bill. An investigation is now underway to determine whether Sneakerboy traded while insolvent. It's been out for delivery now for over a week and the delivery carrier has told me they have not requested a shipping label yet and they cant pick it up. Its always great to get us in earlier as there is a better chance of survival, in this case they got it early and there was a solution, he says. April 2, 2015. The telephone number for Luxury Retail Groups corporate headquarters in Melbourne was disconnected. The conflicting interests of director and shareholders was really to the detriment of the trading operations but it seems through the voluntary administration process it traded well, he says. . As a result, your margins tend to be hefty and lucrative when you sell these products through your online store. Ordered online last May 26, 2022. If you have any further questions please email help@sneakerboy.com as this is the best avenue for communication and questions to be answered.Kind regards,SNEAKERBOY. On Fridays everything sells for $14 and the price drops daily all the way to $1 on Thursdays! Follow the topics, people and companies that matter to you. Please look for an email from Hamilton Murphy outlining the actions around past orders. The latest stories, funding information, and expert advice. Sneakerboys Facebook page is riddled with people complaining they had not received their orders. But administrator Michael Carrafa of SV Partners told SmartCompany Sneakerboy ran into trouble after a dispute between Kyvetos and one of the shareholders. 1 review. Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. Please reach out to us at help@sneakerboy.com with your order number and SBiD and someone will be in contact with you as a priority to look into your order status for you. Most people like to buy all their shopping needs under one roof so ensure that you stock as many varied kinds of footwear as possible. The voluntary administration appointment has been made due to short-term financing difficulties being experienced by the company, administrators Hamilton Murphy said in a statement. Vanda Carson court reporter 2 min read April 15, 2022 - 11:30AM Police & Courts If you have any further questions please email help@sneakerboy.com as this is the best avenue for communication and questions to be answered.Kind regards,SNEAKERBOY. AMP Pacific Fair, a shopping mall owned by AMP Capital on the Gold Coast, applied to wind-up Sneakerboy in April after it allegedly failed to pay rent for more than a year, in an application made to the Supreme Court of Queensland. SNEAKERBOY RETAIL PTY LTD: ACN: 604 708 189: Status: In Liquidation: Appointment Date: 29 September 2022: Resolution. Hi everyone see the below from the administrators on orders:All orders from July 2, 2022 will be fulfilled by the Administrators moving forward. The phone number associated with Luxury Retail Group was also disconnected. Home; Nike . SmartCompany is the leading online publication in Australia for free news, information and resources catering to Australias entrepreneurs, small and medium business owners and business managers. Say goodbye to paying extra. Therefore, please feel free to get in touch with us in case you have any questions. Up untill now I still haven't got any updates and the status till states thag it's on "Backorder". At this meeting, details will be provided to all stakeholders in relation to the financial and structural position of the companies. Five companies were included on the notice, Sneakerboy Pty Ltd and two related companies under the Sneakerboy name, and Luxury Retail Treasury Pty Ltd and Luxury Retail Group Pty Ltd (Sneakerboys parent company). There are no funds available, nor is there any Sneakerboy stock remaining, which could be used to utilised to satisfy any outstanding orders or process refunds, the letter said. Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers cashed-up tourists and students disappeared. Our site will be temporarily unavailable during this time. With a complete source of wholesale fashion, electronics, and home improvement items, get the best deals near you! This company is a jokeWould like my order cancelled and refunded. All orders pre-dating July 2, 2022 please contact Hamilton Murphy on (03) 8866 7600. $175,000.00. If you have any further questions please emailhelp@sneakerboy.comas this is the best avenue for communication and questions to be answered.Kind regards,SNEAKERBOY, I ordered it in January, but the product hasn't been delivered yet.I asked you to wait until March due to Corona issue, but it didn't come until April.I applied for a refund if I wanted to get a refund, but I still haven't gotten a refund after 10 trading days.Why can't I get a refund after waiting for 2 months? Post jobs and search for local talent on 7NEWS Jobs >>. Verification can help ensure real people write reviews about real companies. $499.00. The administrator will now assess the ongoing viability of the business as he assesses the ability of the companies to continue to operate as a going concern.. 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. Just posting this to spread awareness for others really. By David K. Li and Pei-Sze Cheng / Workplace Matters, No one has called me and I cant get in touch with anyone to even get an update.. Here are 8 tips for writing great reviews. A creditors meeting will be held July 13. Luxury sneaker and streetwear retailer Sneakerboy, which has shops in the Melbourne CBD and Chadstone, is facing liquidation after being taken to court by Adidas over an unpaid bill. Luxury sportswear stores. And remember: our customer service reps are there to help and assist you at every stage of the buying process. Hi Evelyn,Thanks for taking the time to share your review. Sneakerboy owes money to 57 firms, with only two secured creditors - Octet, which is owed nearly $2.8 million, and Luxury Retail Treasury Pty Ltd, which has 12.3 million in payables . I am working with the Department of Employment and Workplace Relations to verify the Companys outstanding employee entitlements, Dixon wrote. We went through an expressions of interest process, we had two interested parties but only received one offer, he says. Hi Eric,Thank you for taking the time to leave us a review.We're so sorry to hear that you haven't have a good experience with us here at Sneakerboy.Unfortunately - and like a lot of other businesses - we have been experiencing some delays in shipping orders due to extenuating factors outside our control. Simon Johanson. Enjoy an EXTRA 50% off in our BACK ROOM weekly from Friday through Monday! The retailer, which sells brands such as Alexander McQueen, Valentino, Dior, Nike and Adidas, was forced to close stores during lockdowns through 2020 and 2021. A confluence of inflation, rising home loan interest rates, and surging food and power costs has led many to forecast retailers, particularly discretionary retailers, will face increasingly tough conditions. Find out how we combat fake reviews. we can only give you a credit refund". Subscribe to receive time-sensitive and limited quantity deals. Technology, diversification, multiple resale channels, demographics, worldwide supply and demand, 13+ years of experience, are just some of the parameters we use to optimize recoveries. I am still waiting on sneakers purchased after the Pacific Fair store a month ago. We apologise for any inconvenience caused and assure you your order will be in transit with our courier shortly. These discussions are now being urgently escalated by the administrator as part of the voluntary administration process.. A number of companies hold security interests over Sneakerboy, including local subsidiaries of footwear brands ASICS and Nike, according to searches done by The Australian Financial Review. Scam! To check whether the company was wound up following publication of this notice, search the ASIC database using the ASIC Connect function on ASIC's website www.asic.gov.au, Only notices after 01/07/2012 are available on this website. They lie to their customers, take your money and claim that they have a backlog of orders which is why there is a delay with dispatch. Why pay thousands per square metre when you can basically pay zero? Kyvetos told The Australian in 2013. We are readily available from Monday through Friday. Quicklotzis among the top 5,000 fastest growing private companies in America. A hearing in the Melbourne Supreme Court on Thursday heard Sneakerboy and Adidas were working on a deal to settle the matter. No delivery No refund. $20.00. Luxury Retail Group is similarly split between Mr Poulakis and Mr Mair, although via four entities. I will not be collecting the item as I do not have the time, hence why I paid for delivery in the first place. You can opt-out at any time. It comes after the companies faced more than 10 wind up orders over the last three years, including from Adidas, the Victorian Commission of State Revenue and AMP Pacific Fair (the operators of the Gold Coast Pacific Fair shopping centre where Sneakerboy had a retail store). We thank you for your ongoing patience with us during this time and we look forward to resolving this for you.Kind regards,SNEAKERBOY, I recently ordered from the new essential drop and after purchasing, my items were put on backorder. Do you even give me a refund?My oder number 301662, Hi Kim,Thanks for your review.We're sorry to hear of this experience and assure you your refund request has not been lost.Please email help@sneakerboy.com for our team to action your refund urgently. Add to Cart. Placed an order on 26/05/2022 and it's been almost a month with no updates.I tried to contact their customer service via email - no response, tried to message them via Instagram - no response.As a first-time customer, I wouldn't come back or recommend anyone to buy here! Chou managed to receive a refund after emailing buy-now, pay-later company Afterpay for several months. Order says shipped but doesnt go through the process of courier picking package up.Poor business, I suggest everyone be careful purchasing from this company! Hi there.Thanks for taking the time to write us a review.We're currently experiencing high order volumes which have caused fulfilment delays. 18March2021. James Chou was among those who took up the deal, paying $400 for a pair of Alexander McQueen sneakers he never received. Together we have achieved this milestone in the history of ourcompany." Help using this website - Accessibility statement, Sneakerboy, which sells high-end footwear brands such as Balenciaga for more than $1000 a pair, had external administrators appointed by Sydney-based financier Octet Finance. Footwear giant Adidas filed its ownwinding-up order in March 2021,while theVictorian State Revenue Office sought a wind-up in April 2020. Hi Michael,Thank you for taking the time to leave us a review.We're sorry to gear that you have not yet received your order. They have ignored my emails and request. However, it re-emerged following a sale to a party relating to one of the directors, Carrafa said. Sneakerboy closed its Brisbane store and removed its listing from its website in early April, leaving it with three stores in Victoria, at Southwharf DFO, Chadstone Shopping Centre and a flagship store on Little Bourke St, as well as a store on George St, Sydney. FundIT Limited is also listed as having a charge over Luxury Retail Group. The business, which sells shoes like Balenciaga and Canada Goose for well north of $1000, has faced scandals and multiple wind up orders in recent years. Is your heart stuck on the pair of Nike Air which you saw in the showroom the other day? And finally, we will recommend that you bookmark this page. Sneakerboy previously fell into voluntary administration in 2015, owing to "conflicting interests of director and shareholders," administrator Michael Carrafa of SV Partners told SmartCompany at the time. We welcome you to visit us at our Pembroke Florida location. The first creditors meeting will be held next week on Wednesday, July 13 at 11am. Customers at a luxury Australian sneaker store are unlikely to receive compensation for shoes they bought, and didnt receive, shortly before the store went into administration. If its too far gone its a lot more difficult.. I ordered the recent Essentials drop, its been almost two weeks and I still havent gotten an update from them. *By completing this form you're signing up to receive our emails and can unsubscribe at any time. translation missing: en.general.accessibility.unit_price_separator, 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. Terms They dont have stocks but still advertising and accepting orders. Be honest, dont treat (people) like that plus I wont ever buy stuff from them again, he said. This notice does not mean that the company was wound up. - Sam Pires, CEO. Hundreds of customers flock to grab their bargains Our bin section is loaded with incredible merchandise and sold at a flat price depending on the day of the week. The administration brought that dispute to a standstill, which enabled Sneakerboy to be sold last week to a party relating to one of the directors for an undisclosed price. Heres the fix, Five ways businesses can beat the scourge of busyness and boost productivity, My Biggest Mistake: Martin Karafilis, CEO of Fishburners. Looking for a new job or job candidate? I'll be contacting them confirming this and will be discussed with you guys on this public platform rather than the merky waters in your private emails, Hi Callum,Thank you for taking the time to review Sneakerboy. Based on my inquiries to date, l am of the opinion that the companys failure can be attributed to a deficiency of working capital, poor financial control and poor strategic management of the business, he said.
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