Jan 9, 2020

John Lewis warns it may not pay staff bonus

Retail group John Lewis Partnership has warned its staff bonus may be in doubt as it reported a fall in festive sales at its department store chain. The board will meet in February to decide if it is "Prudent" to pay the staff bonus, the partnership said. The partnership has been combining the executive teams behind John Lewis and Waitrose into one team, and was expected to become executive director of brand next month. John Lewis said: "After some reflection on the responsibilities of her proposed new role, we have decided together that the implementation of the future partnership structure in February is the right time for her to move on." The John Lewis Partnership is owned by its staff, who are known as partners.

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