John Lewis restores staff bonus and ups pay as turnaround strategy gathers pace

John Lewis Cardiff

John Lewis has reinstated its staff bonus package after the business delivered rising sales and profits this year.

The department store retailer recorded a profit before exceptional items of £181m in the year to January 29, up 38% compared with the previous year and 111% on two years ago.

This meant the business achieved its minimum threshold of £150m so it has restored its staff bonus of 3% to all partners, while the executive team donated their bonuses to the British Red Cross.

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