// Hawkin’s Bazaar appoints Moorfields Advisory as administrators
// The toy retailer’s 20 stores will continue to operate until further notice
// Hawkins Bazaar was put up for sale in August
Hawkin’s Bazaar has become the latest in the growing list of UK retailers that has entered administration, plunging the future of its 20 stores and 177 employees into uncertainty.
Moorfields Advisory partners Tom Straw and Simon Thomas were appointed joint administrators of UK toy shop chain yesterday.
It comes after Hawkin’s Bazaar was put up for sale in August. It also endured a challenging Christmas period.
READ MORE: Hawkin’s Bazaar up for sale
Administrators said all 20 of the retailer’s stores, and 177 employees, will continue trading until further notice and much of the stock will be subject to clearance discounts and other special promotions.
Gift cards and exchanges will also continue to be honoured on a limited basis while stores continue to trade.
However, no further gift cards will be sold from today and it will not be possible to issue cash refunds.
In addition, all website sales have been suspended.
“Hawkin’s Bazaar is a retail brand with a strong heritage both on the high street and online,” Straw said.
“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.”
Hawkin’s Bazaar was founded in 1973 and trades in the UK and Ireland.