Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. 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. It's been a month since I ordered and I got nothing. The outlet is well-known among sneakerheads and streetwear fans nationwide for its expansive range of new and vintage footwear and its elaborate store fit-outs. Sneakerboys collapse into administration brush is not thefirst challengeto face the company. On Saturday, The Australian Securities and Investments (ASIC) published a notice stating Stephen Dixon of Hamilton Murphy Advisory has been tapped as administrator for Sneakerboy Pty Ltd and two related companies using the Sneakerboy name. But others are unlikely to be as fortunate. I will filing consumer affairs complaints and ACCC, they shouldnt be trading at all. 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. Established in 2013, SNEAKERBOY was founded on the idea that sneakers and streetwear were becoming icons of luxury. The first creditors meeting will be held next week on Wednesday, July 13 at 11am. Wholesale Liquidation Overstocks Bulk Returns Nike Jordans Levi. FundIT Limited is also listed as having a charge over Luxury Retail Group. SmartCompany acknowledges the Traditional Owners of the many nations across Australia, and pay our respect to Elders past and present. Still trading and accepting orders even if they are now in Administration. Julie Ann. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. We apologise for any inconvenience caused and assure you your order will be in transit with our courier shortly. An application to wind-up Luxury Retail Group was made by Melbourne-based Banjo Loans holding company FundIT Limited in June in the Supreme Court of Victoria. and Conditions, Privacy From the reviews below it appears Im not the only one, all my other experiences with Sneakerboy have been fine. We assure you well get to your enquiry as soon as possible and thank you for your patience.Kind regards,SNEAKERBOY. Scam! Sneakerboy is about maximising retail space with online efficiency. Kind regards, Sneakerboy. I have completed verification work pursuant to the Fair Entitlement Guarantee scheme and encourage any former employees of the Company to complete an online claim form if they have not already done so.. Luxury Retail Group is similarly split between Mr Poulakis and Mr Mair, although via four entities. 2023 Quicklotz Calls to Sneakerboys Melbourne CBD flagship store went unanswered Monday morning. Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers - cashed-up tourists and students - disappeared. Anyone can write a Trustpilot review. In 2020, Sneakerboy took its landlord, Georges Properties, to court after it was locked out of its Sydney store over a rental dispute after it renegotiated leases under the Retail and Other Commercial Leases (COVID-19) Regulation, which provided concessions to retailers forced to close during lockdowns. The Australian fashion label went into liquidation last Friday with Matthew Kucianski of Worrells appointed as the liquidator. July 6, 2022 - 7:27AM NCA NewsWire Luxury shoe retailer Sneakerboy has gone into voluntary administration following a wave of controversy. (did we mention that already? 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. Sneakerboy operated a retail store at the shopping centre, though it is no longer listed on the Sneakerboy website. Cut your business cost by half by saving on the transportation cost, salaries of employees and a rented workplace. . 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, These guys dont respond to emails, didnt apply a discount they said they would for one order, now its come to light another order i made on the same day they havent shipped 6 weeks later!They responded on here "please email helpdesk" i did, guess what 10 days later no response, ive never seen worse reviews or scamming from sneaker shop. The phone number associated with Luxury Retail Group was also disconnected. Quicklotzis among the top 5,000 fastest growing private companies in America. Lotz International, LLC. We also ensure all reviews are published without moderation. SNEAKERBOY PTY LTD (IN LIQUIDATION) 161 754 463 | Creditors' Voluntary Liquidation | Appointment | | Published : 10/04/2015 | ASIC Notice Details Save Search Home > Browse/search notices > Notice Details Decrease text sizeIncrease text size Printer friendly formatEmail this page Notice Back to search result Corporations Act 2001 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. Luxury footwear and streetwear retailer Sneakerboy may have traded while insolvent for at least 18 months before it collapsed, and the management team lacked the financial expertise to stop its. Enjoy an EXTRA 50% off in our BACK ROOM weekly from Friday through Monday! !I will definitely bring this matter to fair traiding and police if required. 18March2021. No update. Our liquidation truckloads are sourced from some of the largest retailers in the United States. 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. Terms April 2, 2015. Cult retailer Sneakerboy has been sold after collapsing into voluntary administration in February. Sneakerboy sells upmarket footwear and streetwear, with some Balenciaga sneakers on its walls reaching north of $1500. A whopping $500,000 is also owed to 120 past and current staff members through unpaid wages and entitlements. 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. I have emailed instagrammed 1000s of times but zero reply. Monthly, on February 18, 2021, between 9:30 pm and 10:30 pm. Absolutely horrified at my experience with Sneakerboy! Sneakerboy held a sale in May 2022 where a number of customers did not receive their orders. Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers cashed-up tourists and students disappeared. $175,000.00. Sneakerboy is 50-50 owned by holding companies held by directors Theo Poulakis and Nelson Mair, according to regulator filings. 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. I have sent emails and messages to there instagram and have still not got a response. Frustrated customers have bombarded the companys online platforms and review sites in recent months over delayed orders dating back to January. Please look for an email from Hamilton Murphy outlining the actions around past orders. 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. Best source for liquidation merchandise and most innovative reverse logistics solutions. Looking for a new job or job candidate? 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. However, it re-emerged following a sale to "a party relating to one of the directors," Carrafa said. Stop trying to hide people into the email section and then ignore them, you guys are crooks and Ill be contacting all avenues until I either receive my order or a full refund (not a credit), honestly disgusting how things are done. 2023 Trustpilot, Inc. All rights reserved. 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. Still hasnt been shipped. 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. Editors note: The author of this article is a customer who was impacted by Sneakerboy going into administration. In April, AMP Pacific Fair, operators of the Gold Coast Pacific Fair shopping centre,filed a winding-up order in the Queensland Supreme Court. Companies can ask for reviews via automatic invitations. Staff were told on Friday afternoon that they were being made redundant after the company failed to find a buyer. People who write reviews have ownership to edit or delete them at any time, and theyll be displayed as long as an account is active. Go ahead and pick your favorite shoe liquidation truckload. Hi there.Thanks for taking the time to write us a review.We're currently experiencing high order volumes which have caused fulfilment delays. 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. *By completing this form you're signing up to receive our emails and can unsubscribe at any time. Hi everyone see the below from the administrators on orders:All orders from July 2, 2022 will be fulfilled by the Administrators moving forward. Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. These retailers sell us the surplus stock from their inventory which we, in turn, sell on to customers. Our strategy focuses on delivering the highest recovery rates in the industry. 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. The difficult but prudent decision has been made to initiate the voluntary administration process. Ive tried calling to no avail. Jun 17, 2022. Until, they finally responded with "what do you want then? And they were saying that is a system problem and asked me to wait, I never get my invoice and tracking number. James Chou was among those who took up the deal, paying $400 for a pair of Alexander McQueen sneakers he never received. Still hasnt been shipped. Thats because we often have special discounts (in addition to the ones that we already provide) especially after festivals and special occasions such as Black Friday. These discussions are now being urgently escalated by the Administrator as part of the Voluntary Administration process, it said. 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. Innovative Reverse Logistics solutions to retailers of all sizes anywhere in the world. 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. Nationwide News Pty Ltd 2023. Wholesale Domestic Loads Blankets & Pillows. A creditors meeting will be held July 13. Our site will be temporarily unavailable during this time. 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. 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. But is this really the case? I am furious!!! With our services, you can start your business online in no time and serve your customers high-end products with huge margins. 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. 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. 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. Lotz International, LLC. 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. Hamilton Murphy Advisory said the companies have previously held discussions with parties who have expressed an interest in purchasing the business. Give us a call Monday through Friday from 9:00am to 5:00pm EST. Well, purchasing branded shoes from the market can be a little hefty for your pocket. 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. I will not be collecting the item as I do not have the time, hence why I paid for delivery in the first place. - Sam Pires, CEO. Even the order of husband, they didnt send it. JA. You can find those pair of shoes at our shoe liquidation truckloads for a much cheaper price. Weekly As a result, your margins tend to be hefty and lucrative when you sell these products through your online store. They didnt send my order bought in May. Ive sent countless emails, Instagram messages and phone calls and no response, another said. Copyright © 2023 Private Media Pty Ltd. Publishers of smartcompany.com.au. 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SmartCompany understands Sneakerboy turns over around $50,000 per week and Carrafa says its a strong business model. They dont have stocks but still advertising and accepting orders. Here youll find some of the best shoe liquidation truckloads that you can use for starting up your online business. 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. What's the benefit for you? 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. EST 2012 | Established in 2013 as an innovative hybrid model that fuses the best physical elements of bricks-and-mortar with . If I do ever get a response, it's a generic one. Twenty-two former employees have made claims for unpaid entitlements. Plaintiff or Plaintiff's legal practitioner: 10:30AM, From brand-named clothing to popular electronic items and trendy items - we've got everything you need to support your business. I realised then they were taking our money then paying nike before Nike would give them the stock. We welcome you to visit us at our Pembroke Florida location. 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. The report estimated the company owed $1.7 million in employee entitlements, including almost $1.3 million in superannuation. 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. Here you'll find some of the best shoe liquidation truckloads that you can use for starting up your online business. Hi Noa,Thank you for taking the time to review Sneakerboy. Sneakerboy, which ran stores in Sydney, Melbourne and on the Gold Coast, collapsed in July last year. Subscribe to receive time-sensitive and limited quantity deals. Hamilton Murphy declined to comment when contacted by 7NEWS.com.au while Fraser Group did not respond. Worst experience I have ever had with a retailer. Seemed like a good idea to mention it again.). This is an absolute lie. . I now realise that I have been scammed - no reply to my emails seeking a refund, no update as to my order status, and I am out of pocket hundreds of dollars. We only use 77sqm of our 80sqm of shop floor and carry over 300 [SKUs] of shoes with a back area of 3m.. Sneakerboy was contacted for further comment. Technology, engineering, professional services and sales roles are among Australias most sought-after job titles according to LinkedIn data. Our experienced Team is Ready to assist you. Follow the topics, people and companies that matter to you. I still haven't received any shipping code, I have emailed them several times over weeks ago and never got a response. This company is a jokeWould like my order cancelled and refunded. 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. Help using this website - Accessibility statement, Sneakerboy took its landlord, Georges Properties, to court. Copies of documents filed may be obtained from the plaintiff's address for service. Please look for an email from Hamilton Murphy outlining the actions around past orders. "We thank God first, and we thank all our customers, suppliers, and the passion of our team. 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. Our site will be temporarily unavailable during this time. Reasons, Why Liquidators are the Best Wholesale Suppliers today? 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. Daily Luxury sneaker retailer Sneakerboy is being pursued by the Australian Taxation Office for $1.2m in unpaid superannuation and taxes. 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. Add to Cart. Sneakerboy today announced that Stephen Dixon of Hamilton Murphy Advisory has been appointed as voluntary administrator Hamilton Murphy Advisory said in a statement. The RBA has warned Australians to prepare for inflation to hit 7 per cent by the end of 2022, well above its target range of between 2 and 3 per cent. Email Max Mason on max.mason@afr.com from a secure non-work device. Luxury sportswear stores. Thank you for your understanding! In one word: profits. The voluntary administration appointment has been made due to short term financing difficulties being experienced by the company. If my parcel is waiting for collection whats the carrier company and reference details, a frustrated customer asked. According to a Personal Property Securities Register (PPSR) and filings with the Australian Securities and Investments Commission, Stephen Dixon of Hamilton Murphy was appointed administrator by Sydney-based financier Octet Finance. Well, we will say youre on the absolute right page. As a student, this is really, truly heart-breaking. Sneakerboy has previously faced wind-up actions from footwear brand Adidas in 2021 and the Victorian Commission of State Revenue in 2020. 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, Why does this company think its okay to cancel my delivery and move it to a store and tell me to go pick it up. The accessory solves a daily problem encountered by owners of Frank Greens 34oz/1 litre ceramic drink bottles but the story of its design is a quirky one that involves TikTok, Bunnings and painted PVC pipes. SNEAKERBOY in Little Bourke Street. Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers cashed-up tourists and students disappeared. Sneakerboy is 50-50 owned by holding companies held by directors Theo Poulakis and Nelson Mair, according to regulator filings. Demand for goods tends to be high and your favorite truckload might get sold to someone else if you arent quick enough. Just posting this to spread awareness for others really. It goes against our guidelines to offer incentives for reviews. This has to be the biggest joke. Therefore, please feel free to get in touch with us in case you have any questions. I purchased a $200+ sweater over two months ago. 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. 1 review. Another said: Hi, if you guys dont ship my order, I am going to file a chargeback with my bank as you are not responding to my emails either.. 2023 Quicklotz Follow the topics, people and companies that matter to you. I would give no stars if I could. Sneakerboys Facebook page is riddled with people complaining they had not received their orders. Is your heart stuck on the pair of Nike Air which you saw in the showroom the other day? What do you get in return? The telephone number for Luxury Retail Groups corporate headquarters in Melbourne was disconnected. On Fridays everything sells for $14 and the price drops daily all the way to $1 on Thursdays! Sneakerboy, which sells luxury sneakers and street wear, collapsed into administration on Saturday. Luxury shoe retailer Sneakerboy has gone into voluntary administration following a wave of controversy. I ordered the recent Essentials drop, its been almost two weeks and I still havent gotten an update from them. Im not sure what to do as theyre not even responding to emails. Thank you for your understanding! Up untill now I still haven't got any updates and the status till states thag it's on "Backorder". Consumers and Resellers all over the world, We ship LIQUIDATION MERCHANDISE domestically and internationally. 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 . 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.. Say goodbye to paying extra. Sneakerboy Retail Pty Ltd and Luxury Retail Group are run by Nelson Mair and Theo Poulakis. Sneakerboy | 1,928 followers on LinkedIn. A hearing in the Melbourne Supreme Court on Thursday heard Sneakerboy and Adidas were working on a deal to settle the matter. 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. Hi Jo,Thank you for taking the time to review Sneakerboy. Chou managed to receive a refund after emailing buy-now, pay-later company Afterpay for several months. Still trading even if they are now in Administration. Sneakerboy, which sells high-end footwear brands such as Balenciaga for more than $1000 a pair, had external administrators appointed by Sydney-based financier Octet Finance, as well as to four. Our liquidation truckloads are sourced from some of the largest retailers in the United States. Kyvetos unique retail strategy involved no till, no fixed point of sale and no on-site inventory at Sneakerboy, with all stock stored in Hong Kong. Featured Liquidation Auctions Show all auctions Pallet HPC - 800 to 1,200 Pcs Average - 10$ Retail per Unit Average - 75% Apparel and other General Merchandise - Brand New Overstock from Major E-Tailer 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. We recommend that you browse through our catalog and choose your favorite shoe liquidation truckload. Luxury footwear and fashion retailer Sneakerboy faces a new test after administrators were appointed to oversee the embattled retail chain. Keep in mind i ordered it 3 weeks before I was meant to leave. Cult retailer Sneakerboy has been sold after collapsing into voluntary administration in February. Moreover, people tend to buy multiple pairs of shoes to be worn on different occasions. Carrafa says the successful sale demonstrates the benefit of seeking help from administrators at an early stage. I realised that they were fake, cause the paint or whatever it was, came off from the mid sole.