John Lewis staff to share 15% bonus

Staff at John Lewis Partnership are to share a bonus pot worth £151.3m after the company announced “robust” results for the year ending 30 January.

The payouts will be roughly 15% of salary, equal to nearly eight weeks’ pay.

The news came as the retailer, which owns Waitrose, revealed group operating profit was up £66.4m to £389.7m.

Charlie Mayfield, chairman of John Lewis Partnership, said: “This was a year of profound change across the partnership and the resilience and flexibility of our business model has underpinned a market-leading performance. We have continued to invest, innovate and grow, emerging from the recession in a stronger competitive position.”