Karmaloop to file for Bankruptcy

Miggs

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They still sending out emails with 40% discounts knowing full well they'll never ship your item :mjlol:

I knew a few years ago they were gonna start to decline when they changed there site and added all those shytty brands and concepts...Karmaloop TV :russ:
 
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well it's definitely easier to sustain for a longer period of time, for sure. you can be a shytty e-tailer and exist for a few years selling your wares at half off over and over again; I've seen many high and low-tier sites come and go after a big splash, too many to count.

karmaloop's problem is/was, and I haven't been to the site in years because why the fukk would I go there, it had no position in the market. No unique shyt. No reason to exist. The only thing it had going was regularly discounting and selling shyt to me for under msrp (n&f jeans years ago, before plndr), which isn't exactly a good business model long-term. shyt half the brands they invested in are expansion-minded thus can be gotten at fukkin hot topic and etc now. Also, as others have pointed out, nobody cares about random streetwear labels anymore.

And here we are. similarly, I look at sites like ikkon and wonder how they're still afloat. Year after year, season after season, everything is 50-70% off.
Too many useless and flopped side ventures

Kasbah (which always had the wackest garbage)
PLNDR
Brick Harbor (their pitiful attempt at trying to make a high end online retailer ala C-Store to Cali Roots)
MissKL
Karmaloop TV

Alot of the stuff they sell (like you said) can be found at places like PacSun now.
 

JordanwiththeWiz

you mad..you big mad..I’m happy..leave me alone
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Brehs I been researching this
I found 1,000s of complaints same ol story
People paying for stuff and it's not getting shipped after making you wait months, they give half of your money back how is that not illegal?

They not paying the vendors so vendors not shipping the items all while still collecting payments to pay their debt so he won't go bankrupt if you google the amount they're in its impossible for them to get out the red and keep the business no way this scam is going to keep up I don't care how many 40% off emails they send.
I hope that Cac get what he deserves for scamming all these people and Funk Karmaloop
 
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