‘We want to show our sincerity’: Stax relaunches with credit program for lost orders

Read the original at The Sydney Morning Herald ↗
Cite

Yun, J. (2026, October 19). ‘We want to show our sincerity’: Stax relaunches with credit program for lost orders. The Sydney Morning Herald. https://www.smh.com.au/business/entrepreneurship/we-want-to-show-our-sincerity-stax-relaunches-with-credit-program-for-lost-orders-20261020-p616nt.html?ref=rss&utm_medium=rss&utm_source=rss_feed

Dated from the outlet's own feed. Check the original for its byline.

The Sydney Morning Herald · collected 2026-10-19 · by Jessica Yun

Quick Summary

Stax, a luxury activewear brand, is relaunching its online store on Tuesday with a new collection and a credit program for customers whose orders totaling $1.7 million were not fulfilled after the company's collapse in June. The new CEO, Anna Cheng, is offering credits to about 13,000 impacted customers as part of an effort to rebuild trust by addressing past issues with order fulfillment and product quality.
Written locally by qwen2.5:14b on 2026-10-19, using this article's own text rather than the other coverage of the same event (that is the story summary below).

AI analysis runs on qwen2.5:14b, locally

Story summary

As of October 19, 2026, Australian activewear brand Stax relaunched its online store with a new collection and a credit program for customers who lost orders totaling $1.7 million after the company's collapse in June. The relaunch was spearheaded by entrepreneurs Justin Truong and Sandy Li-Truong, who acquired Stax through a rescue deal, making them the new majority owners. The Truongs declined to discuss financial details but emphasized their commitment to rebuilding trust with Stax’s loyal customer base. New CEO Anna Cheng stated that addressing unfulfilled orders was necessary to demonstrate sincerity in restoring brand integrity. Stax originally collapsed due to debts of $6.7 million owed to employees, creditors, and the tax office after its lender NAB called in receivers.

Written for “Stax Relaunch With Credit Program” on 2026-10-19, grounded in this article and the 1 other(s) covering the same event.

Story

📰 Stax Relaunch With Credit Program
Other · 2 article(s) covering the same event. See how they differ ↓

Compared with similar articles

This article reads unscored and hedges 6% of its claims. Each row says how that neighbour differs.
The Sydney Morning Herald
⚖️ leaning not scored 🔴 5% hedged 2 of 40 📰 publisher trust 61
“Both articles describe Stax's relaunch after its collapse, with Article B providing more details about a credit program for customers with unfulfilled orders.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
33
sentences that state something as happening or true
Uncertain
6%
2 of 33 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
61/100
The Sydney Morning Herald's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Other
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-10-19 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

The Sydney Morning Herald · 4186 article(s) · 11 correction(s) detected
Running correction rate · 11 correction(s)

Who wrote this

Jessica Yun
16 article(s) here · 1 carrying a prediction
🔮 Rescued activewear brand Stax will relaunch its new online store on Tuesday with a fresh collection and a credit program for thousands of customers who placed $1.7 million in orders that never arrived.
🔮 But one day, and no one is quite sure when, the site will be back up and running.
🔮 If it exercises its right to appoint a receiver, Challenger will be first in line to recover any funds raised by TVSN’s $30 million clearance sale, after employee entitlements are paid.
🔮 If the product dripped onto the trouser, that’s where the reaction would occur …
🔮 Parsons said he was separately taking legal action against transport firm Mainfreight after it erroneously released a shipment of hair dryers to TVSN despite confirming daily to him that they would not be released.
🔮 “Most [pubs] held prices for as long as they could, which is why pub beer may have felt like it lagged the grocery aisle in the early inflation years,” he said.
🔮 Unfortunately, it has not been possible to secure a transaction that would allow TVSN to continue in its current form,” an email sent to customers on Sunday and Monday, seen by this masthead, said.
🔮 Digital natives (Gen Alpha, Gen Z, Millennials) are much more willing to try new brands and products – but often don’t stick around.
🔮 In practice, you may well still see a surcharge on your purchases as merchants and retailers adjust their approach.
🔮 Some Australians will likely still encounter card payment surcharges at the checkout despite a ban on the practice coming into effect on Thursday as business lobby groups warn that many smaller shops, especially those run by migrants, are still in the dark on how the new payment rules work.
Also by Jessica Yun
Stax is back, saved by founders of sneakerhead marketplace
2026-10-18 · The Sydney Morning Herald
TVSN fires off legal letters as war with suppliers escalates
2026-10-16 · The Sydney Morning Herald
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 16 articles by Jessica Yun →

Topics

Glassons Muscle Stax Nandex Stax White Fox

Subjects

Stax ORG · 9× Cheng PERSON · 4× Bachmann PERSON · 2× Anna Cheng PERSON · 1× Don PERSON · 1× Glassons ORG · 1× Jaclyn Benson PERSON · 1× Matilda Robertson PERSON · 1× Muscle Stax ORG · 1× White Fox ORG · 1×

Narrative

“This is not something we were legally obliged to do, but for us, it just felt wrong to relaunch without having addressed the elephant in the room and things that really broke the trust with Stax in the first place,” said Stax’s new chief executive and tech start-up executive Anna Cheng.
framing: assertive · carried by 1 article(s) · first seen 2026-10-19
🔮 Rescued activewear brand Stax will relaunch its new online store on Tuesday with a fresh collection and a credit program for thousands of customers who placed $1.7 million in orders that never arrived.
2026-10-19 · The Sydney Morning Herald
‘We want to show our sincerity’: Stax relaunches with credit program for lost orders · assertive framing

Claims (33 extracted, 2 hedged)

Rescued activewear brand Stax will relaunch its new online store on Tuesday with a fresh collection and a credit program for thousands of customers who placed $1.7 million in orders that never arrived. asserted
that → rescue → orders
The luxury activewear label, which transferred from the hands of one entrepreneurial couple to another, is offering credit to about 13,000 customers whose orders were unfulfilled after the company’s collapse in late June. asserted
orders → transfer → June
“This is not something we were legally obliged to do, but for us, it just felt wrong to relaunch without having addressed the elephant in the room and things that really broke the trust with Stax in the first place,” said Stax’s new chief executive and tech start-up executive Anna Cheng. asserted
executive → oblige → place
“[Trust is] something that will take us a long time to earn back, but also something that can shatter overnight. asserted
that → take → time
“We’re doing this because it’s the right thing to do, and we want to show our sincerity in how we plan to continue to grow as a business. asserted
we → do → business
Stax was founded in 2015 by husband-and-wife duo Don and Matilda Robertson, who pivoted to selling hoodies, merchandise and luxury activewear after their online supplement business Muscle Stax went bankrupt. asserted
business → found → hoodies
Stax reached a valuation of $52 million by 2022 and expanded aggressively into physical stores, but was hit by higher rent costs, tougher competition and reduced consumer spending. asserted
Stax → reach → costs
Head of product Georgia Bachmann has returned to her previous role, as has lead designer Jaclyn Benson, who worked for White Fox and Glassons before joining Stax in August 2024. asserted
who → return → August
A handful of customer service staff have also returned. asserted
handful → return → staff
Two common issues among customer complaints were claims of late deliveries and inconsistent product quality, both of which Cheng wants to address with a focus on transparency if things go wrong, she said. uncertain
she → want → transparency
Operational discipline will be another key priority, she added. asserted
she → add → ?
The new online store, which relaunched at 9am on Tuesday, will feature a return of Stax’s best-selling Nandex line, which ranges from size 4 to 24, and a new logo featuring a wider and bolder typeface that will be sported on the new collection, “Girls Gone Wild”. asserted
that → relaunche → collection
Popular fabrics have been improved and are returning. asserted
fabrics → improve → ?
“Our focus has always been diversity and inclusivity – that is what the brand was built on. asserted
brand → build → what
So I’m definitely keeping that and 10x-ing that with the relaunch. asserted
I → keep → relaunch
We want to make every single customer feel like they have a place,” Bachmann said. asserted
Bachmann → want → place
“It’s really bringing the customer on the new journey with us. asserted
It → bring → us
We’re discovering who we are again.” Stax’s new management contacted Shopify and previous vendors to retrieve order records and emailed impacted customers in late September to confirm their order values, and received about 8500 responses confirming or requesting updates to their details. asserted
management → discover → details
Those who have not responded will have until the end of the year. asserted
who → respond → year
Customers who have had order values confirmed should see the credit balance in their account that can be used when the site launches on Tuesday, and does not expire until the end of this financial year, or halfway through next year. asserted
site → have → year
“We’re trying not to rush people to either redeem or use their credits,” Cheng said. asserted
Cheng → try → credits
“In scenarios where they feel like they weren’t reached out to or supported, we will make sure that we verify information and we can support them in the best way possible.” asserted
we → feel → way
Third-party payment providers such as Afterpay, Paypal, Klarna and Zip will be exempt from the credit program as many of those refunds have been processed through those platforms’ buyer protection programs and dispute resolution programs, said Cheng. asserted
Cheng → process → programs
Customer service agents have been trained to prioritise rectifying the issue with customers and to escalate problems quickly if necessary. asserted
agents → train → problems
“That being said, anyone who may have been declined by their payment provider for a refund for the unfulfilled order, we’re also happy to support their claim,” Cheng said. uncertain
Cheng → say → claim
“I would just encourage them to reach out to us and we will see what we can do.” asserted
we → encourage → what
In June, Stax’s lender NAB called in FTI Consulting as receivers. asserted
NAB → call → receivers
Corporate documents later revealed the Perth-founded business owed $6.7 million to staff, the ATO and suppliers. asserted
business → reveal → staff
In the months ahead, the new Stax team will rekindle community engagement, social media and re-shoot product images sporting the new logo. asserted
team → rekindle → logo
A return to physical stores, the costly expansion of which became the catalyst of the activewear business’ demise, is not off the table, but new management is not in a rush. asserted
management → become → rush
“The good thing about starting from scratch in a way is that we can be extremely deliberate about how we grow and we can also afford to grow at our own pace,” Cheng said. asserted
Cheng → start → pace
“The activewear space is big enough for many players, and I don’t feel a pressure to grow at all costs.” asserted
I → feel → costs
The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. asserted
newsletter → deliver → stories
💬Give feedback
🕘History 🎫Support