John Lewis profits triple to £126m but hopes for staff bonus dashed again

Cash reward at staff-owned group ruled out for third year in a row, while sales rise 3%The owner of John Lewis and Waitrose has tripled profits to £126m but workers at the staff-owned retail group have missed out on a bonus for a third year in a row.The John Lewis Partnership (JLP) said sales rose 3% to £12.8bn in the 12 months to 25 January 2025, as underlying profit rose from £42m. However, the company said it was prioritising investment over the bonus with plans to spend £600m on transforming the business. Continue reading…



Source link : https://www.theguardian.com/business/2025/mar/13/john-lewis-profits-triple-to-126m-but-hopes-for-staff-bonus-dashed-again

Author : Sarah Butler

Publish date : 2025-03-13 07:10:00

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