John Lewis staff are expected to be rewarded with a 16% bonus this year after the retailer’s profits jumped.
According to the Independent, the department store chain will reward its staff with an increased bonus. Last year staff received a 14% bonus after a sales rise, but it expected that this year’s bonus will to between 15% and 16%.
The retailer has also announced it will invest £57m in its 39 shops before 2014, with £32m being spent on four stores, including its London flagship on Oxford Street, which will have £8m spent on it.
High Wycombe, Kingston and Nottingham will also benefit in 2013, and there is £25m earmarked for other, smaller investments across the store portfolio before 2014.