Iconic Toy Retailer Up for Sale
- Tobar International puts Hawkins Bazaar up for sale
- Retailer has a national portfolio of 23 stores and online platform
- Focus on wholesale sector after acquisition
- Annual turnover of £15.28m in 2018
Toy and gift retailer Hawkins Bazaar is being sold by its owner Tobar International as the company shifts focus towards the wholesale sector. The business, which began as a mail order sales operation in the 1970s, has since expanded to include an online platform and a network of 23 stores across city centres and shopping malls, along with several seasonal pop-ups. Hawkins Bazaar operates alongside other wholesale businesses within the Tobar group. David Mordecai, CEO of Tobar International, sees potential for growth through an omni-channel approach. The asking price for interested buyers is yet to be disclosed; the retailer recorded £15.28m in annual turnover in 2018.
Factuality Level: 9
Factuality Justification: The article provides accurate and relevant information about Hawkins Bazaar’s history, its current state, and the reason behind the decision to sell it. It also includes a quote from the CEO of Tobar International. The only missing detail is the expected price for acquiring the retailer.
Noise Level: 3
Noise Justification: The article provides relevant information about the sale of Hawkins Bazaar by Tobar International and its focus on the wholesale sector. It also mentions the retailer’s history and annual turnover. However, it lacks in-depth analysis or exploration of long-term trends or consequences of the decision.
Financial Relevance: Yes
Financial Markets Impacted: Toy and gift retail industry
Financial Rating Justification: The article discusses the sale of a toy and gift retailer, Hawkins Bazaar, which has an impact on the financial performance of the company and potentially affects the financial markets in the retail sector.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the article
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