Pronunciation: (rē-tOOl'),[key] —v.t. 1. to replace or rearrange the tools and machinery of (a factory).
2. to reorganize or rearrange, usually for the purpose of updating: to retool the industrial organization.
—v.i. 1. to replace or rearrange the tools of a factory.
2. to replace the stamping machinery of a factory, esp. to make a remodeled product.