Retailer John Lewis has mentioned its employees won’t obtained a bonus for the third yr in a row, regardless of reporting a leap in annual earnings.
The retail partnership, which additionally contains the Waitrose grocery store chain, mentioned earnings final yr rose by 73% to £97m.
Nevertheless, it has not restored the employees bonus, saying its desires to put money into its enterprise and staff’ pay as an alternative.
The John Lewis Partnership employs about 73,000 folks, and earlier this month it mentioned store staff would obtain a 7.4% pay rise this yr.
The outcomes are the primary below the partnership’s new chairman, Jason Tarry.
“Now we have made good progress with rather more nonetheless to do,” Mr Tarry mentioned.
“Trying ahead, I see important alternative for progress from each our Waitrose and John Lewis manufacturers.”
