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.”
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