Subscribe to receive time-sensitive and limited quantity deals. 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. Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. Carrafa says Kyvetos is still involved in the business overseeing the buying of stock. Kind regards,Sneakerboy. From brand-named clothing to popular electronic items and trendy items - we've got everything you need to support your business. 1-800-593-8595 Toll Free or Local (FL) 954-964-3064. 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. 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. All orders pre-dating July 2, 2022 please contact Hamilton Murphy on (03) 8866 7600.I got burnt in lockdown by SB with Jordan realeases. Please look for an email from Hamilton Murphy outlining the actions around past orders. We only use 77sqm of our 80sqm of shop floor and carry over 300 [SKUs] of shoes with a back area of 3m.. We often find ourselves filling every waking moment with activity, thinking that this is the only way to get ahead. 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. 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 sneaker retailer Sneakerboy is being pursued by the Australian Taxation Office for $1.2m in unpaid superannuation and taxes. 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. From the reviews below it appears Im not the only one, all my other experiences with Sneakerboy have been fine. SmartCompany acknowledges the Traditional Owners of the many nations across Australia, and pay our respect to Elders past and present. 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. Editors note: The author of this article is a customer who was impacted by Sneakerboy going into administration. Sneakerboy was founded by Melburnian Chris Kyvetos, who was credited with pioneering a luxury retail revolution by The Business of Fashion. 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 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. Luxury retailer Sneakerboy facing a liquidation push from Adidas is also being pursued by the ATO for $1.2m in unpaid super and taxes. Is your heart stuck on the pair of Nike Air which you saw in the showroom the other day? As a result, your margins tend to be hefty and lucrative when you sell these products through your online store. $499.00. No one has called me and I cant get in touch with anyone to even get an update, one person said. Give us a call Monday through Friday from 9:00am to 5:00pm EST. 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. These liquidation truckloads are offered at a supremely heavy discount compared to their market price. The first question most of you will have is: where do I buy my inventory? Please reach out to us at help@sneakerboy.com if you have not yet heard back from us and we will endeavour to respond as a priority.Kind regards, Sneakerboy. 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. Subscribe to receive time-sensitive and limited quantity deals. Ive tried calling to no avail. 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. Luxury shoe retailer Sneakerboy has gone into voluntary administration following a wave of controversy. A major supermarket and union have clashed after the downfall of a major transport company was announced resulting in 1500 job losses. SmartCompany understands Sneakerboy turns over around $50,000 per week and Carrafa says its a strong business model. Sneakerboy has previously faced wind-up actions from footwear brand Adidas in 2021 and the Victorian Commission of State Revenue in 2020. I tried to get a refund, but they said they would inspect the sneaker to ensure it was fake. Anyone can write a Trustpilot review. But others are unlikely to be as fortunate. I have spoken with a Golden Goose representative who has confirmed they have not been supplying Sneakerboy with stock for months. All orders pre-dating July 2, 2022 please contact Hamilton Murphy on (03) 8866 7600. We apologise for any inconvenience caused and assure you your order will be in transit with our courier shortly. The report estimated the company owed $1.7 million in employee entitlements, including almost $1.3 million in superannuation. Find out more about our policy and your choices, including how to opt-out. The move was confirmed in a notice of appointment released by the Australian Securities and Investments (ASIC) on Saturday, with Stephen Dixon from insolvency firm Hamilton Murphy Advisory chosen as administrator. 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. Sneakerboy sells upmarket footwear and streetwear, with some Balenciaga sneakers on its walls reaching north of $1500. Disgusting! Heres the fix, Five ways businesses can beat the scourge of busyness and boost productivity, My Biggest Mistake: Martin Karafilis, CEO of Fishburners. 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. Sneakerboy was contacted for further comment. Hi there.Thanks for taking the time to write us a review.We're currently experiencing high order volumes which have caused fulfilment delays. We assure you well get to your enquiry as soon as possible and thank you for your patience.Kind regards,SNEAKERBOY. Why pay thousands per square metre when you can basically pay zero? Kyvetos told The Australian in 2013. They dont have stocks but still advertising and accepting orders. Up untill now I still haven't got any updates and the status till states thag it's on "Backorder". Sneakerboy | 1,928 followers on LinkedIn. With these shoe liquidation truckloads, you find an assortment of goods from different brands within the same shipment. DO NOT USE!!! It's been a month since I ordered and I got nothing. If there's one apparel item that everyone uses, its shoes. we can only give you a credit refund". The difficult but prudent decision has been made to initiate the voluntary administration process. How can you lose money when your drops sellout? Copies of documents filed may be obtained from the plaintiff's address for service. 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. I am working with the Department of Employment and Workplace Relations to verify the Companys outstanding employee entitlements, Dixon wrote. Hi Evelyn,Thanks for taking the time to share your review. With our services, you can start your business online in no time and serve your customers high-end products with huge margins. 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. This is an absolute lie. April 2, 2015. Sent an email to get a refund, got an automated generic response. 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. At this meeting, details will be provided to all stakeholders in relation to the financial and structural position of the companies. Luxury Retail Group is similarly split between Mr Poulakis and Mr Mair, although via four entities. Help using this website - Accessibility statement, Sneakerboy took its landlord, Georges Properties, to court. I realised then they were taking our money then paying nike before Nike would give them the stock. NOTICE TO SUBMIT PARTICULARS OF DEBT OR CLAIM IN A SIMPLIFIED LIQUIDATION PROCESS - 5.6.39(2)and(3) . 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. Our liquidation truckloads are sourced from some of the largest retailers in the United States. Simon Johanson. 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? Dont purchase anything from them, clearly there is something fishy going on. A hearing in the Melbourne Supreme Court on Thursday heard Sneakerboy and Adidas were working on a deal to settle the matter. Sneakerboy has been left with just four retail stores - three in Melbourne and one in Sydney, and an online store. Do not buy from them. We Ship to various locations throughout the USA and overseas. Sneakerboy, which sells luxury sneakers and street wear, collapsed into administration on Saturday. But is this really the case? Selling shoes online, therefore, is an extremely lucrative and profitable business. Also if youre a small businessman, there is a great advantage in purchasing shoe liquidation truckloads. Add to Cart. Wholesale Liquidation Overstocks Bulk Returns Nike Jordans Levi. AU. 1 review. 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. We apologise as we are receiving a large volume of enquiries around shipping delays and we have not been able to commit to our usual response times which we understand is frustrating. 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). Plaintiff's details Plaintiff's address for service: Well, purchasing branded shoes from the market can be a little hefty for your pocket. 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. 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. Placed my order weeks ago (order 322484) and have not received any notice of my order. 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. Here youll find some of the best shoe liquidation truckloads that you can use for starting up your online business. Thank you for your understanding! This notice does not mean that the company was wound up. No update. Messages left on instagram, seenzoned. 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. Chou managed to receive a refund after emailing buy-now, pay-later company Afterpay for several months. Category. At the time,The Herald Sunreported Pacific Fair was chasing the company for nearly$300,000 in unpaid rent. Profits!! Just a week before Sneakerboy collapsed, with $17.2 million owed . 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.. Home; Nike . Sneakerboy was founded by Melburnian Chris Kyvetos, who was credited with . so i decieded to email again and never got a response. 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 . Just fill out the fields below and we'll send your friend a link to this article along with a message from you. I am furious!!! Our diversity of resale channels, from brick and mortar stores to overseas markets, allows us to maximize the value of each product category. Until, they finally responded with "what do you want then? Cheers and singing as 'disorderly' woman booted of Jetstar flight. 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. 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. I even bought an essentials jumper they created a courier document and it still has not been sent. Monthly, on February 18, 2021, between 9:30 pm and 10:30 pm. If I do ever get a response, it's a generic one. 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. Tried ringing the phone numbers on their website but no one picks up the phone. These retailers sell us the surplus stock from their inventory which we, in turn, sell on to customers. Terms FundIT Limited is also listed as having a charge over Luxury Retail Group. You can find those pair of shoes at our shoe liquidation truckloads for a much cheaper price. The Australian fashion label went into liquidation last Friday with Matthew Kucianski of Worrells appointed as the liquidator. Cult retailer Sneakerboy has been sold after collapsing into voluntary administration in February. 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. Company is terrible and no one should shop from them or give them money. Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers cashed-up tourists and students disappeared. 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. We welcome you to visit us at our Pembroke Florida location. Kind regards, Sneakerboy. I ordered the recent Essentials drop, its been almost two weeks and I still havent gotten an update from them. 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. 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! James Chou was among those who took up the deal, paying $400 for a pair of Alexander McQueen sneakers he never received. What do you get in return? I purchased 2 Essential sweaters on May 18th and I still havent received anything. Simon Johanson. Sneakerboys collapse into administration brush is not thefirst challengeto face the company. Our site will be temporarily unavailable during this time. I would give no stars if I could. Copyright © 2023 Private Media Pty Ltd. Publishers of smartcompany.com.au. Plaintiff or Plaintiff's legal practitioner: 10:30AM, Vanda Carson court reporter 2 min read April 15, 2022 - 11:30AM Police & Courts Therefore, you end up getting a great variety for your inventory at a fraction of the price. Looking for a new job or job candidate? I have emailed instagrammed 1000s of times but zero reply. 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. Cult retailer Sneakerboy has been sold after collapsing into voluntary administration in February. What's the benefit for you? 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 voluntary administration appointment has been made due to short term financing difficulties being experienced by the company. Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers - cashed-up tourists and students - disappeared. We recognise that their sovereignty has never been ceded. The first creditors meeting will be held next week on Wednesday, July 13 at 11am. Still hasnt arrived. Conceived as "The Luxury Sneaker S See more 81,778 people like this 82,686 people follow this http://sneakerboy.com/ +61 2 9221 1877 help@sneakerboy.com Clothing (Brand) Privacy Policy https://www.instagram.com/sneakerboy/ Photos If you wanna cancel the order and refund, thats fine but atleast communicate. Im not sure what to do as theyre not even responding to emails. 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. I will not be shopping again and will be taking this further! Sneakerboy operated a retail store at the shopping centre, though it is no longer listed on the Sneakerboy website. Email Max Mason on max.mason@afr.com from a secure non-work device. 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. Here are 8 tips for writing great reviews. It goes against our guidelines to offer incentives for reviews. Sneakerboy held a sale in May 2022 where a number of customers did not receive their orders. Our liquidation truckloads are sourced from some of the largest retailers in the United States. Please look for an email from Hamilton Murphy outlining the actions around past orders. Here you'll find some of the best shoe liquidation truckloads that you can use for starting up your online business. On Fridays everything sells for $14 and the price drops daily all the way to $1 on Thursdays! We need an update. 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. Hi Noa,Thank you for taking the time to review Sneakerboy. And they were saying that is a system problem and asked me to wait, I never get my invoice and tracking number. In a letter to creditors, dated December 12, 2022, insolvency and recovery businesses Hamilton and Murphy wrote that Fraser Group Australia had purchased the business after it went into administration. Quicklotzis among the top 5,000 fastest growing private companies in America. 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. Ordered online last May 26, 2022. If its too far gone its a lot more difficult.. Sneakerboy Retail Pty Ltd and Luxury Retail Group are run by Nelson Mair and Theo Poulakis. 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. 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). NOTICE TO SUBMIT PARTICULARS OF DEBT OR CLAIM IN A SIMPLIFIED LIQUIDATION PROCESS - 5.6.39(2)and(3) Appointee/Solicitor Name. 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. 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. All times AEDT (GMT +11). An investigation is now underway to determine whether Sneakerboy traded while insolvent. 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. 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. Sneakerboy, which ran stores in Sydney, Melbourne and on the Gold Coast, collapsed in July last year. They have ignored my emails and request. Luxury footwear and fashion retailer Sneakerboy faces a new test after administrators were appointed to oversee the embattled retail chain. 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. Along with shoes, theres also elated footwear such as flip flops, sneakers, wellingtons, etc. Be honest, dont treat (people) like that plus I wont ever buy stuff from them again, he said. Enjoy an EXTRA 50% off in our BACK ROOM weekly from Friday through Monday! Luxury retailer Sneakerboy facing a liquidation push from Adidas is also being pursued by the ATO for $1.2m in unpaid super and taxes. Free to sign up. Struggling luxury footwear and streetwear retailer Sneakerboy has had external administrators appointed by a Sydney-based finance group, as a number of companies within the retail group face wind-up actions across Australia. Please look for an email from Hamilton Murphy outlining the actions around past orders. 6 weeks for orders to ship. Hi Caroline,Thank you for taking the time to review Sneakerboy. Ive sent countless emails, Instagram messages and phone calls and no response, another said. 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. Clothing . If you guys are reading this (STAFF) my order # is ORDER 317094 its a shame it has to come down to this. - Sam Pires, CEO. Absolutely horrified at my experience with Sneakerboy! JA. 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. . SNEAKERBOY RETAIL PTY LTD: ACN: 604 708 189: Status: In Liquidation: Appointment Date: 29 September 2022: Resolution. The retailer, which sells. Follow the topics, people and companies that matter to you. A recent letter to creditors, seen by 7NEWS.com.au, says the company has no funds available to carry out compensation for victims. Do you know more? I have sent emails and messages to there instagram and have still not got a response. If my parcel is waiting for collection whats the carrier company and reference details, a frustrated customer asked. Please look for an email from Hamilton Murphy outlining the actions around past orders. July 6, 2022 - 7:27AM NCA NewsWire Luxury shoe retailer Sneakerboy has gone into voluntary administration following a wave of controversy. Luxury sportswear stores. However, he said that poor business management was also a prominent factor. my order numbers are 324000 and 323459, Hi Anthony,Thank you for taking the time to review Sneakerboy. A creditors meeting will be held July 13. A short statement on Sneakerboys website said Sneakerboy is in Administration. 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. Lotz International, LLC. My husband was told to pick up in store, went there the next day and they are closed! 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. 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.. Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. 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. When you purchase your shoe liquidation truckloads from us, you get them at a much cheaper price than what is offered in the market. 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. However, they didn't make any updates, so I had to ask them every now and then for almost three months. Scam! Our experienced Team is Ready to assist you. terrible customer service. 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.