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Longman Dictionary of Contemporary English
retool
verb
EXAMPLES FROM OTHER ENTRIES
▪ They've successfully retooled their corporate image.
EXAMPLES FROM CORPUS
▪ How do I retool for a career change?
▪ Now the rapidly changing workplace meant men had to retool routinely too.
▪ On the strength of this, Tetley embarked on an 18-month factory retooling programme.
▪ Should you close an antiquated plant, retool it, or sell it?
▪ Still, taking an already complex program and retooling it for the Internet must have been difficult.
▪ Women had long been accustomed to taking time off from a career for family responsibilities, then retooling to come back.
Douglas Harper's Etymology Dictionary
retool

1866, "to shape again with a tool," from re- "back, again" + tool (v.). Meaning "to furnish a factory with new equipment" is recorded from 1940. Related: Retooled; retooling.

Wiktionary
retool

vb. (cx transitive English) To adjust; to optimize; to rebuild.

WordNet
retool
  1. v. revise or reorganize, especially for the purpose of updating and improving; "We must retool the town's economy" [syn: revise]

  2. provide (a workshop or factory) with new tools

Wikipedia
Retool

A Retool is a toy that has been created by modifying an existing mold to give it new features. This enables companies to create new toys without producing an entirely new mold from scratch.

The Transformers toy lines have often made use of this design choice, in addition to Repaints and Redecos, in order to create new characters or new versions of characters by giving them different features such as brand-new heads.

Usage examples of "retool".

The shift of a percentage point or two in the approval rating for a product can cause us to retool a factory or to scrap a line altogether.

Industry, which had wiped out its debts in the inflation, borrowed billions to retool and to rationalize its productive processes.

He retooled the staff so that it could be separated in the middle by a quick twist.

Admiral Wuht provided the refugees some cover, even as the orbital cities retooled for military production.

A scaffolding of carbon is built around her, and she is shoved inside the retooled purge-ball, held in a perfect darkness, waiting alone until an identical scaffold is stacked beside her.

With all that shit breaking loose, a lot of buildings were retooling to cope.

Selonian refugees, leaving Corellia while they still were considered first-class citizens, mingled with dockworkers of half a dozen other species retooling the civilian shipyards for military use.

In that latter event his demands could be excessive, and if rejected, the cost of retooling and loss of supply would plunge many of the firms into disastrous financial territory.

In that latter event his demands could be excessive, and if rejected, the cost of retooling and loss of supply would plunge many of the firms into disastrous financial territory.

In fact, the design has been completed, the assembly lines retooled.

Squires, August retooled every play to make certain there was a crew to assist with the exit strategy.

Even should industry be as willing to go along with us as labor is, a vast amount of retooling will be necessary before we can start fabricating the components for the tunnels.

The shift of a percentage point or two in the approval rating for a product can cause us to retool a factory or to scrap a line altogether.

Some outlanders, particularly the roamers, traveled around in retooled predark vehicles.