Online sporting giant goes into liquidation, auctioning all stock with $1 starting bids
More than 10,000 pieces of “premium” sporting stock is up for grabs on the cheap after a major online retailer went into liquidation.
T&R International, which traded as T&R Sports and Sports Leisure, collapsed in October while reportedly owing millions of dollars to creditors and customers who are yet to receive products they bought.
The company’s entire inventory, which includes millions of dollars worth of sporting goods, leisure equipment and gym supplies, will now be auctioned off.
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By continuing you agree to our Terms and Privacy Policy.More than 10,000 brand new or showroom model air hockey, pool and ping pong tables, electric scooters and bikes, exercise equipment including treadmills, and man cave products are unreserved and start from just $1.
Lloyds Auctions will oversee the online fire sale, with chief operations officer Lee Hames saying everything needs to be gone in just weeks.
“The short 30-day sale window and all items starting at $1 with no reserves ensures that all inventory is cleared ahead of Christmas,” Hames said.
The first auctions will close on Tuesday. A note to buyers: All auctions are pick-up only and collection is the responsibility of the purchaser.
The online retailer’s downfall comes after shoppers were warned not to deal with the company.
More than than 300 complaints were logged with NSW Fair Trading between March and September and an investigation was launched into potential consumer law breaches.
Most complaints were about unreasonable delays and false and misleading representations about the goods.
Queensland authorities also investigated more than 50 complaints from people who said their purchases never arrived, turned up late or were not what they ordered.
“We are particularly concerned about claims that consumers are being denied refunds to which they’re entitled under Australian Consumer Law,” Fair Trading Commissioner Victoria Thomson said in September.
“Over 50 Queenslanders report being out of pocket by about $52,600 in total and we have serious concerns T&R International will continue to operate and take money from Queenslanders via its online stores.
“We don’t want any more Queenslanders to risk losing their money and strongly encourage consumers to avoid this trader while we finalise our investigation and consider any potential legal action.”
Originally published on 7NEWS
