All of Hawkin’s Bazaar’s stores now shut down

All of Hawkin's Bazaar stores now shut down
Hawkin's Bazaar had fallen into administration on January 23 after failing to find a buyer.
// Hawkin’s Bazaar announces final store closures as part of administration
// All stores closed down after the weekend of February 2
// Hawkin’s Bazaar website still operating at the time of print

Hawkin’s Bazaar closed down all of its stores over the weekend as part of the administration process.

Administrators from Moorfields Advisory made an announcement on late Friday afternoon that the weekend ending February 2 would be the final weekend of trading for the toy retailer’s 18 stores.

However, at the time of print Hawkin’s Bazaar’s website was still operating and purchases could still be made.

READ MORE: Hawkin’s Bazaar: What went wrong?

As part of the closing down process, discounts of up to 90 per cent were being offered in some stores.

Huge discounts continued to be offered on Hawkin’s Bazaar website at the time of print.

The toy retailer had fallen into administration on January 23 after failing to find a buyer.

The move placed 177 jobs at risk. The exact number of how many store staff will be affected by the closures is not yet clear.

“We are grateful for the hard work of all staff during this extremely difficult and challenging time,” said Tom Straw, one of the administrators from Moorfields.

“We are working closely with the employees affected by the closures to ensure they receive the support they need for redundancy and other compensatory payments.

“The stores across the county will be open as usual over the weekend and we would encourage shoppers to make the most of the great deals on offer.

Hawkin’s Bazaar fell into administration after enduring challenging Christmas period.

Meanwhile, according to its most recent full-year accounts for the year ending December 31, 2018, Hawkin’s Bazaar made a £978,344 loss.

To add to its woes, turnover dropped 3.16 per cent year-on-year to £15.3 million.

Click here to sign up to Retail Gazette’s free daily email newsletter



Please enter your comment!
Please enter your name here