The administrator for collapsed footwear retailer Sneakerboy is “urgently” reviewing its stock levels as customers raise concerns about delayed deliveries and frayed communication with the company.
Sneakerboy, a luxury sneaker and streetwear store with a presence in melbourne, sydney, and online, entered voluntary administration on Saturday.
While Sneakerboy became known nationwide for retailing shoes with price tags over $1500, the embattled company has now appointed Stephen Dixon of Hamilton Murphy Advisory to oversee its flagging fortunes.
On Tuesday, the Sneakerboy group of companies declared its voluntary administration was a “difficult but prudent decision” owing to “short term financing difficulties”.
Prior discussions with outside companies interested in purchasing Sneakerboy and its related entities are being “urgently expedited”, a statement read.
The companies issued a more pressing statement Wednesday afternoon, directly addressing customers who had pre-purchased shoes and other fashion goods from Sneakerboy.
“As part of the administration process, Hamilton Murphy Advisory is urgently reviewing stock and inventory levels held by Sneakerboy and consolidating that information for customers and…
