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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Jun- 2025 -30 JuneOnline & Digital
Ocado’s increased debt calls turnaround plan into question
Ocado’s turnaround plans have reportedly been called into question as its heavy reliance on debt in a high inflationary environment threatens its ability to turn a profit, The Telegraph has reported. The online grocer saw its annual debt interest bill climb from around £27m last year to nearly £100m in…
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27 JuneHealth & Beauty
Boots sales rise 5% in Q3 amid strong online performance
Walgreen Boots Alliance has reported that its International segment saw sales rise by 7.8% to $6.2bn (£4.5bn) during the third quarter, with Boots UK sales growing 5% and the Germany wholesale business growing 6.8%. The group, which is the parent company of Boots, has seen its third quarter sales rise…
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23 JuneLuxury Goods
Mulberry eyes £20m fundraising as losses widen
Mulberry has announced plans to raise £20m in funding as part of a turnaround plan to return to profitability, as it anticipates its full-year losses will widen. The group said it expects to report a profit loss before tax of around £23m, ahead of the £22.6m loss reported last year,…
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23 JuneClothing & Shoes
River Island to shut 33 stores with hundreds of jobs at risk
River Island is reportedly planning to shutter 33 shops as part of a restructuring plan that would see hundreds of jobs at risk, Sky News has reported. The family-owned group, which currently operates around 230 stores, confirmed the proposals on Friday (20 June) following reports that it was working…
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17 JuneClothing & Shoes
Asos appoints new CFO
Asos has announced the appointment of director of group finance, Aaron Izzard, as chief financial officer and executive director, effective from 1 July. He will succeed current chief financial officer Dave Murray, who is stepping down to pursue other opportunities. Murray will remain with the online fashion retailer for a…
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17 JuneHigh Street
Poundland to halt rent payments at hundreds of stores amid restructuring
Poundland will reportedly pause rent payments at hundreds of shops if a restructuring plan is approved by creditors later this summer, Sky News has reported. Poundland’s new owner, investment firm Gordon Brothers, which acquired the retailer last week, is proposing to halt all rent payments at ‘Category C’ shops across…
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12 JuneHigh Street
Poundland sold to Gordon Brothers for £1
Pepco Group has announced that it has sold Poundland to investment firm Gordon Brothers for £1. The deal will provide the discount retailer with £80m in financing to be used for restructuring and turnaround. The business will continue to operate under the Poundland brand in the United Kingdom and under…
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10 JuneDepartment Stores
John Lewis Partnership to reduce staff committee to boost efficiency
The John Lewis Partnership is set to cut its partnership council by a quarter this autumn, reducing the number of members from 57 to 43, according to reports from The Telegraph. The committee is an important part of the partnership’s democratic structure as staff that are elected to the council…
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5 JuneClothing & Shoes
Dr Martens FY profits fall to £34m as sales drop 8%
Dr Martens has reported that adjusted pre-tax profits fell to £34.1m, or £40.3m on a constant currency basis, down from £97.2m in its latest financial results. Despite this, the group said it is expecting “a return to profit growth” in FY26 as its turnaround strategy progresses. According to the group’s…
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2 JuneDepartment Stores
John Lewis bosses face calls to bring back bonuses
The John Lewis Partnership is facing calls to reinstate staff bonuses, having last paid out bonuses in FY22, as it looked to turnaround the business in recent years. According to The Financial Times, some workers have now shared an open letter and launched a petition through Organise calling on bosses…
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