Sneakerboy

2022 - 7 - 5

Post cover
Image courtesy of "NEWS.com.au"

Controversial shoe retailer collapses (NEWS.com.au)

Luxury shoe retailer Sneakerboy has gone into voluntary administration following a wave of controversy.

If my parcel is waiting for collection what’s the carrier company and reference details,” a frustrated customer asked. “Do not order anything online from Sneaker boy they DO NOT HAVE ANY STOCK!!! 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. “The difficult but prudent decision has been made to initiate the voluntary administration process. Anything you order from their website doesn’t actually exist in their warehouse, yet they continue to take orders and never respond to your emails,” one angry customer on Trustpilot said. I have spoken with a Golden Goose representative who has confirmed they have not been supplying Sneakerboy with stock for months. “Sneakerboy today announced that Stephen Dixon of Hamilton Murphy Advisory has been appointed as voluntary administrator” Hamilton Murphy Advisory said in a statement.

Post cover
Image courtesy of "The Australian Financial Review"

Collapsed luxury footwear retailer Sneakerboy up for sale (The Australian Financial Review)

The administrators of luxury footwear and streetwear retailer Sneakerboy are assessing the viability of the business and are talking to interested parties ...

He joined the masthead in 2013 and has held a number of roles, including media editor and telecommunications reporter. Sneakerboy is 50-50 owned by holding companies held by directors Theo Poulakis and Nelson Mair, according to regulator filings. “The difficult but prudent decision has been made to initiate the voluntary administration process.

Post cover
Image courtesy of "Inside Retail"

Sneakerboy enters administration with creditors to meet this month (Inside Retail)

Luxury footwear and fashion retailer Sneakerboy faces a new test after administrators were appointed to oversee the embattled retail chain.

Sneakerboy’s 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. However, it re-emerged following a sale to “a party relating to one of the directors,” Carrafa said. 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.

Post cover
Image courtesy of "Daily Mail"

Sneakerboy collapses: Hundreds waiting on orders, refunds not ... (Daily Mail)

Popular sneaker store Sneakerboy was placed into administration on Saturday; Furious customers have revealed how they are waiting for their orders of shoes ...

It currently has three stores in Victoria, although it is unclear if these are actually still running. 'Thank you for taking the time to leave us a review. It currently has three stores in Victoria Despite it being listed as open online, the company's flagship Sydney store is closed. I have never seen such bad customer service. In early April, Sneakerboy closed its Brisbane store and removed its listing from its website.

Post cover
Image courtesy of "Ragtrader"

"Absolutely unacceptable": Sneakerboy collapses as complaints ... (Ragtrader)

Luxury footwear retailer Sneakerboy has appointed administrators, alongside its parent company Luxury Retail Group (LRG). Stephen Dixon of Hamilton Murphy ...

"I have placed orders within the last 8 months, the first of which, took 7 months to fulfill, the second is allegedly stuck on 'ready to ship' for a month now." LRG has operated a number of premium brands in Australia, including Balenciaga, Furla, Mulberry and Sneakerboy. Stephen Dixon of Hamilton Murphy Advisory has been appointed as administrator to the businesses, with a meeting of creditors scheduled on July 13.

Post cover
Image courtesy of "Power Retail"

Sneakerboy and LRG Collapses, Angry Customers Left in the Dark ... (Power Retail)

The luxury footwear retailer, Sneakerboy, and its parent company, Luxury Retail Group, have collapsed, filing for administration on Saturday.

On its website, the following note reads: “Orders placed during busy sales periods may be subject to additional processing and packing times. While its Facebook account is up and accepting comments, the business has decided to restrict comments on its Instagram platform. The retailer has responded to some comments, citing the ongoing sales events to impact shipping.

Post cover
Image courtesy of "Broadsheet"

Luxury Retailer Sneakerboy Has Gone Into Administration (Broadsheet)

The store that's more like an art gallery for casual footwear, selling brands such as Balenciaga and Golden Goose, has upset customers for unfulfilled ...

“The difficult but prudent decision has been made to initiate the voluntary administration process. “The voluntary administration appointment has been made due to short-term financing difficulties being experienced by the company,” Hamilton Murphy Advisory said in a statement. All orders from July 2, 2022 will be fulfilled by the administrators moving forward.

Post cover
Image courtesy of "NEWS.com.au"

'Trouble': Inside fashion icon's shock collapse (NEWS.com.au)

Shoe lovers are reeling from luxury shoe retailer Sneakerboy's shock collapse – and now, attention is turning to what really went wrong for the brand.

Many online retailers are going to struggle.” “The cost of doing business, especially if you are an online retailer, has skyrocketed. “Many online retailers will find it difficult to cope if costs keep rising. “If you look at household income, expenses are still far ahead of income, and interest rate hikes will only make things worse along with wage compression – we’re seeing no real wage increase, and people tend to keep their savings for a rainy day. “The difficult but prudent decision has been made to initiate the voluntary administration process. And he said that as a luxury retailer that didn’t have the benefit of an “established name”, Sneakerboy had been especially vulnerable to current conditions.

Explore the last week