Hawkin’s Bazaar enters administration
Toy shop chain Hawkin’s Bazaar has entered administration after a “challenging” Christmas trading period.
Founded in 1973, the retailer operates around 20 stores in the UK and Ireland and has a team of 177 staff.
Tom Straw and Simon Thomas, partners at Moorfields Advisory, have been appointed as joint administrators.
Straw said: “Hawkin’s Bazaar is a retail brand with a strong heritage both on the high street and online. Unfortunately, despite making changes to their offering to appeal to the shift in modern buying patterns, the retailer still struggled to compete with online retailers such as Amazon etc.”
Although the company is in administration, its stores will continue to trade until further notice with much of the stock being offered at discounted rates or through special promotions.
Hawkin’s Bazaar previously entered administration in 2011 when the majority of its stores were closed.
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