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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Nov- 2025 -27 NovemberClothing & Shoes
Debenhams Group losses narrow despite revenue fall
Debenhams Group has reduced its statutory loss after tax to £3.4m for the six months to 31 August 2025, down from £126.7m a year earlier, despite a fall in revenue as the company continued its restructuring programme. The group reported revenues of £296.9m for the period in H126, down 23%…
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26 NovemberHigh Street
Pets at Home HY profits fall 29% to £36m
Pets at Home has announced that its statutory profit before tax fell 29.1% to £36.2m for the 28 weeks ended 9 October 2025. The retailer saw its retail arm underlying profit before tax fall 84.1% to just £3.5m. This came despite the fact its vet arm posted an underlying profit…
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21 NovemberDIY
Hobbycraft profits plummet as revenue slips ahead of restructuring
Hobbycraft has reported a sharp fall in profits to £5.2m (FY24: £10.4m) as its sales also declined 1.1% to £215.9m in FY25. The group said operating losses increased largely due to a non-cash impairment of intangible and tangible assets and one-off costs linked to the sale of the business, which…
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21 NovemberClothing & Shoes
ASOS losses narrow in FY25 amid cost cutting strategy
ASOS has narrowed its adjusted losses before tax from £181.2m to £98.2m in the 52 weeks to 31 August, as cost reductions and a stronger full-price sales mix lifted profitability. The online retailer delivered adjusted EBITDA of £131.6m for the year, up £51.5m on 2024. Gross margin rose to 47.1%,…
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19 NovemberLuxury Goods
Mulberry HY losses narrow as full-price sales lift margins
Mulberry Group has reported that its losses before tax narrowed, from £15.3m to £7.4m, in the 26-week period to 27 September, as the luxury brand pushed ahead with its turnaround strategy and tightened control of costs. The group also maintains that trading remained in line with board expectations during the…
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14 NovemberPeople Moves
Superdry appoints Nic Shaw as CFO
Superdry has announced the appointment of Nic Shaw as chief financial officer (CFO) and a member of the executive committee leadership team. Shaw brings more than 25 years’ finance experience across leading UK retailers and international markets, and has been part of Superdry since February 2023, most recently serving as…
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13 NovemberClothing & Shoes
ASOS secures new financing deal amid turnaround plans
ASOS has refinanced its asset backed loan facility, securing £87.5m in extra liquidity and extending its debt maturity to 2030. The company said the move provides “increased financial flexibility” and will cut annual cash interest costs by about £5m compared with its previous arrangement with Bantry Bay. The online fashion…
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13 NovemberLuxury Goods
Burberry posts first quarterly sales growth in two years
Burberry has revealed that its sales grew 2% in the three months ended 27 September 2025, its first quarterly sales growth in two years. The company stated that this growth came off the back of a turnaround in China, with sales growing 3% in the quarter, following a 5% decrease…
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11 NovemberComment
Protecting your culture, identity, and people when inviting private equity investment
Private equity (PE) investment can provide a lifeline for struggling retailers with turnaround potential. PE firms can purchase these assets, install new management, and apply their expertise and network to get the business back to profitability, re-establishing its place in the market. For promising retailers, the capital, expertise, and commercial…
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3 NovemberEntertainment
Miniso UK reports record sales growth as store expansion accelerates
Miniso UK has reported record sales growth, with total revenue projected to reach £42m by the end of 2025 – up from £26.1m in 2023 – as the retailer continues an aggressive store expansion programme across the country. The company said revenue had risen 243% since 2023, driven by a…
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