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. 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. Until, they finally responded with "what do you want then? Our liquidation truckloads are sourced from some of the largest retailers in the United States. Chou managed to receive a refund after emailing buy-now, pay-later company Afterpay for several months. Luxury footwear and fashion retailer Sneakerboy faces a new test after administrators were appointed to oversee the embattled retail chain. No one has called me and I cant get in touch with anyone to even get an update, one person said. 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. 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. I purchased a $200+ sweater over two months ago. 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. Demand for goods tends to be high and your favorite truckload might get sold to someone else if you arent quick enough. And remember: our customer service reps are there to help and assist you at every stage of the buying process. Our site will be temporarily unavailable during this time. 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. 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. Hi Jo,Thank you for taking the time to review Sneakerboy. I have emailed them multiple times, I have also DMed on Instagram (which they have disabled comments on there posts) and still havent received a reply. Calls to Sneakerboys Melbourne CBD flagship store went unanswered Monday morning. On Fridays everything sells for $14 and the price drops daily all the way to $1 on Thursdays! Frustrated customers have bombarded the companys online platforms and review sites in recent months over delayed orders dating back to January. A major supermarket and union have clashed after the downfall of a major transport company was announced resulting in 1500 job losses. Just posting this to spread awareness for others really. Wholesale Athletic shoe Mix Nike,Asics,Mizuno,Brooks,Adidas,etc. All Rights Reserved, Why you shouldnt give a hundred percent at work, Frank Green releases new product after Bunnings hack goes viral on TikTok, Australias top 25 most in-demand jobs revealed, Long-running Instagram feud between vitamin brands JSHealth and Life Botanics heading to Federal Court, NBN and Starlink are ramping up the bandwidth battle for rural Australia, Off-grid cabin startup Unyoked raises $28 million to expand in Europe, How Sendle managing director Laura Hill made the unconventional path work for logistics, and what your business can learn, There are reasons why staff ignore your emails. The first question most of you will have is: where do I buy my inventory? Up untill now I still haven't got any updates and the status till states thag it's on "Backorder". 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). - Sam Pires, CEO. 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. Well, we will say youre on the absolute right page. so i decieded to email again and never got a response. We welcome you to visit us at our Pembroke Florida location. I have sent emails and messages to there instagram and have still not got a response. 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. If its too far gone its a lot more difficult.. 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 Reasons, Why Liquidators are the Best Wholesale Suppliers today? Sneakerboys collapse into administration brush is not thefirst challengeto face the company. We apologise for this inconvenience.A member of our customer service will be in contact with you as a priority with an update on your order.Kind regards,Sneakerboy, Stop trying to hide people into the email section and then ignore them, you guys are crooks and I'll be contacting all avenues until I either receive my order or a full refund (not a credit), honestly disgusting how things are done, if my parcel Is waiting for collection what's the carrier company? 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. From the reviews below it appears Im not the only one, all my other experiences with Sneakerboy have been fine. 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 other related entities, including operating company Luxury Retail Group, on Saturday. Wholesale Domestic Loads Blankets & Pillows. 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.. Help using this website - Accessibility statement, Sneakerboy took its landlord, Georges Properties, to court. Sneakerboy held a sale in May 2022 where a number of customers did not receive their orders. Thank you for your understanding! 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. 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. No where did it say it was a backorder for it, they also didn't provide a time frame for when it should be in stock. 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. In one word: profits. As a result, your margins tend to be hefty and lucrative when you sell these products through your online store. We recommend that you browse through our catalog and choose your favorite shoe liquidation truckload. Vanda Carson court reporter 2 min read April 15, 2022 - 11:30AM Police & Courts Sneakerboy, which sells luxury sneakers and street wear, collapsed into administration on Saturday. All orders from July 2, 2022 will be fulfilled by the Administrators moving forward. The difficult but prudent decision has been made to initiate the voluntary administration process. Free to sign up. I have never had to follow up this much. sneakerboy liquidation wide body kit for 2000 honda civic vintage glass bowls with lids sun devil volleyball camp guns n' roses glasgow green 2022 sneakerboy liquidation feel free to call us +91.33.26789234 youremail@yourdomain.com I am still waiting on sneakers purchased after the Pacific Fair store a month ago. *By completing this form you're signing up to receive our emails and can unsubscribe at any time. An investigation is now underway to determine whether Sneakerboy traded while insolvent. You can opt-out at any time. I have emailed instagrammed 1000s of times but zero reply. 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. These retailers sell us the surplus stock from their inventory which we, in turn, sell on to customers. 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. Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers - cashed-up tourists and students - disappeared. Best source for liquidation merchandise and most innovative reverse logistics solutions. Quicklotzis among the top 5,000 fastest growing private companies in America. If I do ever get a response, it's a generic one. Weekly Monthly, on February 18, 2021, between 9:30 pm and 10:30 pm. Do you know more? Why pay thousands per square metre when you can basically pay zero? Kyvetos told The Australian in 2013. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Get the latest business news, funding information, and expert advice. They created a fake tracking number and the item was never sent. my order numbers are 324000 and 323459, Hi Anthony,Thank you for taking the time to review Sneakerboy. Hamilton Murphy declined to comment when contacted by 7NEWS.com.au while Fraser Group did not respond. Sneakerboy operated a retail store at the shopping centre, though it is no longer listed on the Sneakerboy website. $175,000.00. 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. They dont have stocks but still advertising and accepting orders. SmartCompany acknowledges the Traditional Owners of the many nations across Australia, and pay our respect to Elders past and present. 2023 Trustpilot, Inc. All rights reserved. Embattled luxury footwear and streetwear retailer Sneakerboy is up for sale after falling into administration due to financing problems. Luxury sneaker retailer Sneakerboy is being pursued by the Australian Taxation Office for $1.2m in unpaid superannuation and taxes. Too much lies! Add to Cart. Copyright © 2023 Private Media Pty Ltd. Publishers of smartcompany.com.au. If I could leave zero rating I would. We need an update. 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. Simon Johanson. However, they didn't make any updates, so I had to ask them every now and then for almost three months. Still hasnt been shipped. My husband was told to pick up in store, went there the next day and they are closed! I have spoken with a Golden Goose representative who has confirmed they have not been supplying Sneakerboy with stock for months. Within hours, shed lost $40,000, Mining giants $4 million gift over missing capusle, but its not cash. Footwear giant Adidas filed its ownwinding-up order in March 2021,while theVictorian State Revenue Office sought a wind-up in April 2020. 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. We only use 77sqm of our 80sqm of shop floor and carry over 300 [SKUs] of shoes with a back area of 3m.. 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 . 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. I would give no stars if I could. The voluntary administration appointment has been made due to short term financing difficulties being experienced by the company. Hi Noa,Thank you for taking the time to review Sneakerboy. Ive tried calling to no avail. Here you'll find some of the best shoe liquidation truckloads that you can use for starting up your online business. Sneakerboy was contacted for further comment. 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. Therefore, please feel free to get in touch with us in case you have any questions. Order number 319669, Hi Julie,Thank you for taking the time to leave us a review.Unfortunately during busy sales periods customers may unfortunately experience some delays while we work through large volumes of orders.Rest assured your order will be arriving to you shortly, and we will reach out to you with further updates as to when it is arriving.In the meantime, please let us know if you require any further assistance.Kind regards,Sneakerboy. $499.00. I will filing consumer affairs complaints and ACCC, they shouldnt be trading at all. Add to Cart. 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. You'll also receive messages on behalf of our partners. With a complete source of wholesale fashion, electronics, and home improvement items, get the best deals near you! I am working with the Department of Employment and Workplace Relations to verify the Companys outstanding employee entitlements, Dixon wrote. 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. Sneakerboy is about maximising retail space with online efficiency. Category. 6 weeks for orders to ship. They have ignored my emails and request. Well, purchasing branded shoes from the market can be a little hefty for your pocket. I have been told that my order (319052) was going to be dispatched from their Melbourne store. "We thank God first, and we thank all our customers, suppliers, and the passion of our team. Hi Evelyn,Thanks for taking the time to share your review. This has been a really upsetting experience - I ordered my first ever designer item one month ago after a friend recommended Sneakerboy to me. 2023 Quicklotz terrible customer service. Part of Retail Week 2021. 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). 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. If there's one apparel item that everyone uses, its shoes. Luxury Retail Group is similarly split between Mr Poulakis and Mr Mair, although via four entities. Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers cashed-up tourists and students disappeared. Together we have achieved this milestone in the history of ourcompany." Simon Johanson. $20.00. Here youll find some of the best shoe liquidation truckloads that you can use for starting up your online business. The telephone number for Luxury Retail Groups corporate headquarters in Melbourne was disconnected. We assure you well get to your enquiry as soon as possible and thank you for your patience.Kind regards,SNEAKERBOY. Hi Mel,Thank you for taking the time to review Sneakerboy. What's the benefit for you? Do not buy from them. Hamilton Murphy said the collapsed companies had previously held discussions with interested parties to sell the business. Sneakerboy today announced that Stephen Dixon of Hamilton Murphy Advisory has been appointed as voluntary administrator Hamilton Murphy Advisory said in a statement. These liquidation truckloads are offered at a supremely heavy discount compared to their market price. Heres the fix, Five ways businesses can beat the scourge of busyness and boost productivity, My Biggest Mistake: Martin Karafilis, CEO of Fishburners. 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. It goes against our guidelines to offer incentives for reviews. 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. Sneakerboy, which ran stores in Sydney, Melbourne and on the Gold Coast, collapsed in July last year. This company is a jokeWould like my order cancelled and refunded. But administrator Michael Carrafa of SV Partners told SmartCompany Sneakerboy ran into trouble after a dispute between Kyvetos and one of the shareholders. 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. If you wanna cancel the order and refund, thats fine but atleast communicate. 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. Please look for an email from Hamilton Murphy outlining the actions around past orders. Daily 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. 1 review. In April, AMP Pacific Fair, operators of the Gold Coast Pacific Fair shopping centre,filed a winding-up order in the Queensland Supreme Court. 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. Sneakerboy is 50-50 owned by holding companies held by directors Theo Poulakis and Nelson Mair, according to regulator filings. 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. 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. Post jobs and search for local talent on 7NEWS Jobs >>. This is an absolute lie. A whopping $500,000 is also owed to 120 past and current staff members through unpaid wages and entitlements. Cheers and singing as 'disorderly' woman booted of Jetstar flight. Administrators were appointed to Sneakerboy, which sells high-end footwear brands such as Balenciaga for more than $1000 a pair, and four other related entities, including operating company Luxury Retail Group, on Saturday. 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.. Please look for an email from Hamilton Murphy outlining the actions around past orders. 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. Profits!! Hamilton Murphy Advisory said the companies have previously held discussions with parties who have expressed an interest in purchasing the business. Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. 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