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Following the collapse of the owner of toy and novelty gift chain Hawkin's Bazaar brand; we bring to you an overview of the retailer’s trading over the years and highlights of the collapse.
29/06/2010 – Hawkin’s Bazaar hired a senior TK Maxx executive as its new boss as the business ramped up its expansion plans
12/04/2011 - Bristol-based surveyor Williams Gunter Hardwick was reappointed to find 60 temporary units in major towns and cities across the UK in time for Christmas trading Hawkin's Bazaar
24/05/2011 – It was announced that the toy retailer Hawkin's Bazaar will open store in St David's in Cardiff
30/12/2011 - Hawkin's Bazaar brand collapsed into administration, putting 380 staff at risk
Financial Health
SnapShop uses a well-tested and reliable score based on value added, that is, sales minus the cost of bought-in goods and services, also known as P2.
Key:
P2>175 – Very Strong
P2 >150 and <175 - Healthy
P2>125 and <150 – Fairly Healthy
P2>100 and <125 – Head Above Water
P2<100 – Very Worrying
Company Announcement on Website
On 30 December 2011, Peter Saville, Fraser Gray and Anne O’Keefe of Zolfo Cooper LLP were appointed Joint Administrators of Tobar Group Holdings Limited and its subsidiaries (The Group).
Hawkin’s Bazaar customers in possession of gift vouchers may continue to exchange these for goods as normal in any of The Group’s stores. Those customers seeking to make returns should look, wherever possible, to visit their local store where they will be permitted to exchange their goods. Cash refunds will not be provided.
Statement from administrators can be read here.
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