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 -2 JuneClothing & Shoes
Burberry pays CEO £2.6m amid turnaround and widespread job cuts
Burberry has revealed that it has paid new CEO Joshua Schulman almost £2.6m in his first nine months in charge despite widespread job cuts at the company. In recent months Burberry announced plans to cut 1,700 jobs worldwide by 2027, including removing the entire night shift of 170 people at…
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May- 2025 -30 MayClothing & Shoes
Capri Holdings revenues fall by 15% to $1bn in Q4
Versace owner Capri Holdings saw its revenues fall by 15.4% to $1bn (£742m) in the fourth quarter ended 29 March. It comes as net losses widened to $645m (£478m), up from a net loss of $472m (£350m) the prior year. Gross profit also fell to $631m (£468m) and gross margin…
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29 MayClothing & Shoes
Frasers closes in on ailing Norwegian sportswear giant takeover
Frasers Group has confirmed that it is close to assuming a controlling stake in Norwegian sportswear company XXL ASA, but has warned that it may not be able to save the company. The group has confirmed that should its offer be accepted it will control 92% of the company’s share…
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27 MayHigh Street
Monsoon owner sees FY losses widen to £7.5m
Monsoon and Accessorize owner, Adena Brands Limited, has reported a £7.5m loss before tax and an EBITDA loss of £2.4m for the year to 31 August 2024, due to “significant” cost inflation which was driven by the UK National Minimum Wage rise. The loss also comes as group sales for…
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22 MayDIY
The Works ups profit guidance as turnaround bears fruit
The Works has upgraded its FY25 profit guidance and is expecting to deliver approximately adjusted EBITDA of £9.5m compared with £6m in FY24, following good progress with its turnaround strategy. The group is also targeting profit growth in excess of current market expectations of the £10m adjusted EBITDA in FY26.…
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19 MayHigh Street
Poundland store closures ‘likely’ as sale nears completion
Poundland store closures are reportedly “likely” as Gordon Brothers, the former owner of Laura Ashley, has emerged as a frontrunner to take control of the group, according to The Times. Bids for the group, which is owned by Pepco and employs more than 16,000 people across the UK and Ireland,…
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19 MaySupermarkets
M&S boss faces pay package hit amid cyber attack
Marks and Spencer boss Stuart Machin’s pay is reportedly expected to be cut by up to £1.06m after a cyber attack caused the company’s shares to drop by 14%, according to the Financial Times. The hacking incident on 22 April 2025 could cost Machin about £831,000 on a performance share…
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14 MayLuxury Goods
Burberry to axe 1,700 roles amid full-year losses
Burberry has warned it could cut up to 1,700 roles globally as part of a new cost-cutting drive, after the group fell to a £3m loss in its full-year results, down from a profit of £418m the prior year. In the year ended 29 March 2025, revenues plummeted 17% to…
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12 MayFeatures
Supermarket chains are betting big on small stores
Asda plans to open 25 new convenience stores between June and December, having only opened 12 last year. As part of its latest turnaround strategy, the retailer is moving faster, cutting deeper, and getting closer to where people live. It looks like other retailers are doing the same. Tesco, Waitrose…
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12 MayClothing & Shoes
Debenhams Group exploring £175m debt refinancing deal
Debenhams Group, formerly known as Boohoo, is in discussions to refinance up to £175m worth of debt, according to reports from The Telegraph. The online fashion company is reportedly looking to access the high yield market for £50m of the proposed total. Debenhams Group has also sounded out several asset-backed…
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