SmartCompany acknowledges the Traditional Owners of the many nations across Australia, and pay our respect to Elders past and present. Luxury sneaker retailer Sneakerboy is facing liquidation after sportswear giant Adidas launched legal action over an unpaid bill. Elliot* worked for Sneakerboy from 2017 and is owed $15,000 from 220 hours of annual leave and roughly 12 months of superannuation that he never received after quitting in January this year. Sneakerboy previously fell intovoluntary administration in 2015,owing to conflicting interests of director and shareholders, administrator Michael Carrafa of SV Partners told SmartCompany at the time. The telephone number for Luxury Retail Groups corporate headquarters in Melbourne was disconnected. The Reserve Bank of Australia is tipped to increase the official cash rate by 0.5 percentage points on Tuesday, following an equivalent rate rise in June, and a 0.25 percentage points rise in May. Sneakerboys parent company Luxury Retail Group is also under fire, as Dixon was also appointed as administrator for Luxury Retail Treasury Pty Ltd and Luxury Retail Group Pty Ltd. A meeting of creditors is scheduled to take place Wednesday, July 13, the ASIC notice states. Wholesale Liquidation Overstocks Bulk Returns Nike Jordans Levi. $175,000.00. Too much lies! 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. I still haven't received any shipping code, I have emailed them several times over weeks ago and never got a response. After that i did receive a authentic pair, but this is ridiculous. 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. Free to sign up. Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. Julie Ann. 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. . Still trading and accepting orders even if they are now in Administration. Is your heart stuck on the pair of Nike Air which you saw in the showroom the other day? An application for the winding up of Sneakerboy Pty Ltd was commenced by the plaintiff Adidas AG (HRB 3868) on 16/03/2020 and will be heard as set out below. We will be providing an update on the status of your order as it progresses, however if you wish to cancel your order as a result of these delays, please email us at help@sneakerboy.com and we will respond as soon as we can. 6 weeks for orders to ship. This has been a really upsetting experience - I ordered my first ever designer item one month ago after a friend recommended Sneakerboy to me. Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers cashed-up tourists and students disappeared. Hearing details The details of the hearing are: Copies of documents filed may be obtained from the plaintiff's address for service. I have been told that my order (319052) was going to be dispatched from their Melbourne store. Still hasnt arrived. my order numbers are 324000 and 323459, Hi Anthony,Thank you for taking the time to review Sneakerboy. Hi Jo,Thank you for taking the time to review Sneakerboy. 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. HI Reian,Thank you for taking the time to share your experience with us.We're sorry to hear that you have not yet received your order. 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. AU. we can only give you a credit refund". !I've been trying to get in touch for over a month regarding an Essentials sweater that was "supposedly" in stock. Enjoy an EXTRA 50% off in our BACK ROOM weekly from Friday through Monday! Luxury shoe retailer Sneakerboy has gone into voluntary administration following a wave of controversy. *By completing this form you're signing up to receive our emails and can unsubscribe at any time. Remember that we sell goods on a first-come-first-serve basis so ensure you pick up your favorite truckload as soon as you find it. $20.00. Lotz International, LLC. Carrafa says Kyvetos is still involved in the business overseeing the buying of stock. We went through an expressions of interest process, we had two interested parties but only received one offer, he says. Any person intending to appear at the hearing must file a notice of appearance in accordance with the rules, together with any affidavit on which the person intends to rely, and serve a copy of the notice and any affidavit on the plaintiff at the plaintiff's address for service at least 3 days before the date fixed for the hearing. Run this search agent and email me with matches: I thought it would be nice to get an essentials tee before my holiday. Find out how we combat fake reviews. Embattled luxury footwear and streetwear retailer Sneakerboy is up for sale after falling into administration due to financing problems. With a complete source of wholesale fashion, electronics, and home improvement items, get the best deals near you! But only two months earlier, it was promoting a sale, offering up to 60 per cent off of shoes, many of which would ultimately never be delivered. Plaintiff or Plaintiff's legal practitioner: 10:30AM, You can find more information about a sales wait times on our Customer Service page under the "Shipping Information" Subheading.We understand these delays can be an inconvenience and we apologise wholeheartedly for this.Were looking forward to you receiving your order but please reach out to help@sneakerboy.com if you have any further concerns.Kind regards, Sneakerboy. 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. Be honest, dont treat (people) like that plus I wont ever buy stuff from them again, he said. I would give no stars if I could. I have emailed them, phoned and Instagram dmd them on a number of occasions and have received zero responses although they ask for a 48 hour (5 days for email) turnover. Still hasnt been shipped. Lotz International, LLC. Please look for an email from Hamilton Murphy outlining the actions around past orders. Jun 17, 2022. Hi,Thank you for taking the time to leave us a review and share your experience with us.Here at Sneakerboy we pride ourselves with providing topnotch customer service and a seamless and easy shopping experience and we're so sorry to hear this is not the case.Unfortunately during busy sales events there can be delays in picking and shipping orders and apologise that this has inconvenienced you.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.Kind regards,Sneakerboy, Ordered online last May 26, 2022. A major supermarket and union have clashed after the downfall of a major transport company was announced resulting in 1500 job losses. I tried to get a refund, but they said they would inspect the sneaker to ensure it was fake. I have never had to follow up this much. Email Max Mason on max.mason@afr.com from a secure non-work device. 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. Staff were told on Friday afternoon that they were being made redundant after the company failed to find a buyer. Poor culture and poor management, Hi Andy,Thanks for your review.We appreciate this feedback and we're sorry to hear we have not provided the best experience with your order. SmartCompany understands Sneakerboy turns over around $50,000 per week and Carrafa says its a strong business model. 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. Sneakerboy held a sale in May 2022 where a number of customers did not receive their orders. Internet divided over gross find in bulk buy bargain at major retail chain, Urgent recall: Noodle buy pulled from Victorian stores amid reaction fears. Carrafa says the successful sale demonstrates the benefit of seeking help from administrators at an early stage. Moreover, people tend to buy multiple pairs of shoes to be worn on different occasions. Add to Cart. 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. Please look for an email from Hamilton Murphy outlining the actions around past orders. This notice does not mean that the company was wound up. 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. EST 2012 | Established in 2013 as an innovative hybrid model that fuses the best physical elements of bricks-and-mortar with . But administrator Michael Carrafa of SV Partners told SmartCompany Sneakerboy ran into trouble after a dispute between Kyvetos and one of the shareholders. Disgusting! I purchased a $200+ sweater over two months ago. SNEAKERBOY in Little Bourke Street. The company did score a legal win in 2020,after the Supreme Court of NSW ruled Sneakerboy be granted at least six months of breathing room to recover from Covid-19 business closuresbefore its landlord moved to evict the retailer or raise its rents. 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. During these sales, you can pick up some awesome shoe liquidation truckloads at ridiculous prices. Hi Noa,Thank you for taking the time to review Sneakerboy. Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. We only use 77sqm of our 80sqm of shop floor and carry over 300 [SKUs] of shoes with a back area of 3m.. The difficult but prudent decision has been made to initiate the voluntary administration process. We often find ourselves filling every waking moment with activity, thinking that this is the only way to get ahead. Vanda Carson court reporter 2 min read April 15, 2022 - 11:30AM QLD News My husband was told to pick up in store, went there the next day and they are closed! Add to Cart. Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. Sneakerboy Pty Ltd: ACN: 603 960 961: An application for the winding up of Sneakerboy Pty Ltd was commenced by the plaintiff Commissioner of State Revenue on 13/11/2019 and will be heard as set out below. This company is a jokeWould like my order cancelled and refunded. Heres why it wasnt all smooth sailing, Not looking positive: Drastic measures Aussies are taking to find a rental, Cost of living crisis laid bare as metric indicates worst outcome since early days of pandemic, A $60 payment appeared in this Aussie mums bank account. Worst experience I have ever had with a retailer. As a student, this is really, truly heart-breaking. Editors note: The author of this article is a customer who was impacted by Sneakerboy going into administration. We assure you well get to your enquiry as soon as possible and thank you for your patience.Kind regards,SNEAKERBOY. Copies of documents filed may be obtained from the plaintiff's address for service. 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. Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers cashed-up tourists and students disappeared. Toxic chemical threat to WA drinking water supply: Real threat, Australians warned to watch out for $198.82 myGov refund, Woman sued for quiet quitting while working from home, This Channel 7 reporter drove an EV from Brisbane to Cairns. Sneakerboys Facebook page is riddled with people complaining they had not received their orders. 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. No update. July 6, 2022 - 7:27AM NCA NewsWire Luxury shoe retailer Sneakerboy has gone into voluntary administration following a wave of controversy. and Conditions, Privacy Unfortunately during busy sales period orders can be subject to additional processing and shipping times however we are working hard to get products out to our customers as quickly as possible.Please reach out to us at help@sneakerboy.com with your order number and SBiD and a member of our support team will be in touch with further information as a priority.Kind regards,Sneakerboy. It's been a month since I ordered and I got nothing. All orders from July 2, 2022 will be fulfilled by the Administrators moving forward. Give us a call Monday through Friday from 9:00am to 5:00pm EST. Im actually exhausted off this company now order number 321701 and 310206PLEASE DONT BUY FROM SNEAKERBOY, Hi Tyrone,Thank you for taking the time to leave us a review.Unfortunately like most other companies, during busy sale periods there are likely to be picking and shipping delays while we work through higher volumes of orders. Twenty-two former employees have made claims for unpaid entitlements. Luxury footwear and fashion retailer Sneakerboy faces a new test after administrators were appointed to oversee the embattled retail chain. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. translation missing: en.general.accessibility.unit_price_separator, 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. Hamilton Murphy Advisory said the companies have previously held discussions with parties who have expressed an interest in purchasing the business. A whopping $500,000 is also owed to 120 past and current staff members through unpaid wages and entitlements. 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. Do not buy from them. These discussions are now being urgently escalated by the Administrator as part of the Voluntary Administration process, it said. Cult shoe store Sneakerboy facing winding up action over unpaid Qld store rent A luxury shoe and streetwear retailer with stores down the east coast is facing liquidation after its Gold Coast landlord took it to court for failing to pay rent for more than a year. I will filing consumer affairs complaints and ACCC, they shouldnt be trading at all. We recognise that their sovereignty has never been ceded. JA. Free to sign up. These retailers sell us the surplus stock from their inventory which we, in turn, sell on to customers. If there's one apparel item that everyone uses, its shoes. Heres the fix, Five ways businesses can beat the scourge of busyness and boost productivity, My Biggest Mistake: Martin Karafilis, CEO of Fishburners. With our services, you can start your business online in no time and serve your customers high-end products with huge margins. Add to Cart. An application for the winding up of Sneakerboy Pty Ltd was commenced by the plaintiff Adidas AG (HRB 3868) on 16/03/2020 and will be heard as set out below. Vanda Carson court reporter 2 min read April 15, 2022 - 11:30AM Police & Courts Pacific Fair, a shopping mall on the Gold Coast owned by AMP Capital, 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. DO NOT USE!!! Notice is given that, on the resolution date set out below, the Company is taken, because of paragraph 446A(1)(a) to have passed a special resolution under s491 that the Company be wound up voluntarily.
