Turnaround
Turnaround in the UK retail sector refers to the strategies and interventions businesses deploy to recover from financial distress, operational challenges, or market disruption. For store owners, retail executives, and supply chain professionals, understanding turnaround efforts is crucial to navigating periods of change and identifying opportunities for growth or collaboration. Retail Sector’s coverage of turnaround includes breaking news on struggling retailers, analysis of restructuring plans, insights into leadership changes, and case studies of successful recovery strategies. We provide retail professionals with the information they need to anticipate market shifts, assess risks, and learn from the operational and strategic decisions driving transformation across physical stores, ecommerce, and omnichannel retail.
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Jul- 2025 -22 JulySupermarkets
Asda to offer additional training to underperforming staff
Asda is planning to offer underperforming staff in its home shopping team additional training as part of efforts to improve efficiency and win back customers, according to the Telegraph. The supermarket will use data to assess how quickly staff pick and pack online orders, the accuracy of item selection and…
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21 JulyLuxury Goods
Burberry CEO calls for VAT-free shopping return
Burberry CEO Joshua Schulman has called on the government to reinstate VAT-free shopping for international visitors claiming it will help Britain become Europe’s top shopping destination once again. Schulman told The Times that international consumers were “still not shopping in the UK to the extent that we would like” as…
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21 JulyDepartment Stores
John Lewis workers could receive bonus for first time in four years
John Lewis workers could reportedly receive their bonus for the first time in four years if the company beats its £200m profit target amid turnaround plans, The Financial Times has reported. In an internal update seen by the paper, the employee-owned company said that if profits exceeded the target then…
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18 JulyLuxury Goods
Burberry sales decline slows as turnaround plan takes effect
Burberry has revealed that its revenue fell 6% to £433m in the 13 weeks ended 28 June, as the brand stated it was seeing “early progress” on its turnaround plan. Alongside this, the company saw its comparable store sales fall 1% compared with a 21% decline last year. The slowing…
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18 JulySupermarkets
Morrisons cuts debt by £261m through refinancing deal
Morrisons has cut its debt by £261m after completing a refinancing deal that also extends the maturity of its loans. The supermarket chain said it had issued a £930m equivalent sterling and euro bond maturing in January 2031, secured a new £450m term loan maturing in November 2030, and repurchased…
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17 JulyOnline & Digital
Ocado Retail CCO to depart after less than two years
Ocado Retail chief commercial officer Amit Chitnis is set to depart the company having joined in December 2023. The company’s director of commercial development George Dean has been named as the company’s interim CCO to ensure a seamless transition. Chitnis joined Ocado from Tesco where he spent a decade in…
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14 JulyHigh Street
Boots shareholders approve $10bn takeover
Walgreens Boots Alliance has revealed that its shareholders have “overwhelmingly” approved Sycamore Partner’s proposed $10bn (£7.4bn) takeover of the company. According to the preliminary results, approximately 96% of votes cast at the special meeting by all shareholders were voted in favor of the merger agreement proposal. In addition, approximately 95%…
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11 JulyLuxury Goods
Mulberry raises £20m from shareholders amid £31.8m FY loss
British lifestyle brand Mulberry has unveiled a £20m fundraising in a bid to support its turnaround strategy, after reporting a £31.8m loss before tax in the year to 29 March due to revenues falling in a challenging luxury market. Group revenues dropped 21% to £120.4m in the period, with UK…
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9 JulySupply Chain
DHL Supply Chain to invest £550m in UK and Ireland automation
DHL Supply Chain is to invest £550m to expand its infrastructure and speed up automation across operations in the UK and Ireland, targeting growth in e-commerce and life sciences healthcare. The move builds on the €1bn (£861m) the contract logistics firm has spent on automation over the past three years.…
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Jun- 2025 -30 JuneSupermarkets
Asda plans to overtake Primark as UK’s biggest clothing retailer
Asda is reportedly planning to overtake Primark as the UK’s biggest clothing retailer, The Telegraph has reported. According to the paper, chairman Allan Leighton believes that the supermarket’s clothing brand, George, can help lead a turnaround for the company. As part of these plans, 100 Asda stores are set to…
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