Stateside Sports, a major Australian retailer of NBA jerseys, NFL merchandise and sneaker apparel, has entered voluntary administration. The company, founded in 2017, operates 31 stores across the country, all of which are now under review.
The retailer specialised in American sports merchandise tied to the NBA, NFL and Major League Baseball, as well as retro NRL jerseys. It stocked global brands including Nike, Jordan, New Era and Mitchell & Ness, and became known for linking product launches to major sporting events such as Formula One and the UFC.
Advisory firm DVT Mcleods has been appointed to manage the process, with partners Antony Resnick and Henry Kwok acting as voluntary administrators from May 22. Mr Resnick said that while changes to operations and the retail footprint would be addressed urgently, business would continue as usual for now, with products sold both in-store and online.
Mr Resnick attributed the company's difficulties to weaker discretionary spending, inflationary cost pressures and competition from global retailers. He noted that despite tough trading conditions, Stateside Sports remains a strong acquisition opportunity due to its nationwide brand recognition and established e-commerce infrastructure.
