Skip to content
Subscriber Only

John Lewis to Pay Lowest Employee Bonus in 67 Years After Profit Drops

  • New chairman to pay 2% profit-sharing bonus to staff in 2020
  • Company posts third annual profit drop on department stores
Inside A New John Lewis Plc Department Store
Photographer: Simon Dawson/Bloomberg
Updated on

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

John Lewis Partnership Plc’s employees will get their lowest bonuses in 67 years in 2020, though they may be relieved to get anything following the U.K. retailer’s three straight annual profit declines in a highly competitive market.