Retailer John Lewis has said its staff will not receive a bonus for the third year in a row, despite reporting a jump in annual profits. The employee-owned retail partnership, which also includes the Waitrose supermarket chain, said profits rose by 73% to £97m last year.

The John Lewis Partnership (JLP), parent company of Waitrose and John Lewis, has reported that its profit before tax and exceptional items has increased threefold, rising to £126m ($163.12m) from £42m during the fiscal year 2024/2025.

By James Davey LONDON (Reuters) -British retailer John Lewis Partnership said it would accelerate investment this year as it reported a trebling in annual profit, driven by an improvement in its food business,

John Lewis staff have been denied their bonus for the third year running despite a surge in profits at the retailer.

A HIGH street stalwart is axing annual company bonuses for the third year running. Retailer John Lewis Partnership has said it will not pay a staff bonus for the third year in a row despite seeing

British retailer John Lewis Partnership reported a trebling in annual profit, with Waitrose & Partners reporting sales growth of 4.4%.

Growth has ground to a halt, manufacturing is collapsing, and the government is desperately scratching around for ways to save some money so it can balance the books. There is not much to make

John Lewis staff will not receive a bonus for the third consecutive year, despite the retailer reporting a substantial rebound in annual profits.

The employee-owned group's boss says "careful consideration" was given to a bonus but he decided it was best to invest the money in the business instead.

John Lewis Partnership has said it will not pay a staff bonus for the third year in a row despite seeing a sizeable upturn in profit. The employee-owned business, which runs the department store chain and Waitrose supermarket arm, posted a 73 per cent jump in pre-tax profits to £97million for the year to 25 January.