Hawkin’s Bazaar has collapsed into administration following failed attempts by owner Tobar to find a buyer.
The retailer’s website has been suspended, but all of its roughly 20 stores currently remain open and are running clearance sales.
Tom Straw, a partner at appointed administrator Moorfields Advisory, said Hawkin’s Bazaar’s “strong heritage both on the high street and online” had not protected it from the flow of consumer spend away from shopping centres and high streets.
Hawkin’s Bazaar’s turnover hit £15.3m in 2018 – a £1m loss – but only 12.3 per cent was earned online through hawkin.com and stocking-fillers.co.uk, a seasonal offshoot offering low-priced novelties, toys and collectables.
“Despite making changes to appeal to the shift in modern buying patterns,” Tom says, “the retailer still struggled to compete with online retailers such as Amazon.”
Tobar has been seeking a buyer for its retail arm since last year, putting the brand, store portfolio, pop-ups and online business out for tender in August 2019.
Tobar CEO David Mordecai said at the time: “There is a great opportunity to take the business to the next level through development of the omni-channel approach.”
Hawkin’s Bazaar employs 177 staff. Stores will continue trading until further notice.