Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

John Lewis staff to get 15% bonus as group sales break £10bn barrier

John Lewis partners will receive a 15% bonus as the group revealed gross sales broke the £10bn barrier for the year to January 25.

Sales for the John Lewis Partnership, which includes supermarket Waitrose as well as the eponymous department store, rose 6.6% to £10.17bn over the 12 months. Sales at John Lewis rose 7.5% to £4.06bn. Profit before tax and exceptional items rose 9.6% across the group.

As a result of the company’s strong performance, staff will receive a bonus worth 15% of their annual salary – equivalent to nearly eight weeks’ pay.

Last year partners received a bonus of 17%.

Chairman Charlie Mayfield said: “Our ownership by Partners has played a key role in these results. There are fundamental changes taking place in retail, especially in customer attitudes towards value, convenience and personalisation. For several years we have been adapting our business to take advantage of these changes. That has required high levels of investment, organisational change and new capabilities. The level of change has at times been challenging, but partners have understood and embraced the need for their business to continue to develop.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.