John Lewis to give update as staff hope for first annual bonus since 2022

The Guardian - World NewsEN 2 min read 100% complete by PA MediaMarch 8, 2026 at 04:56 PM

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medium article 2 min

John Lewis Partnership (JLP) is set to announce its annual results on Thursday, including whether staff will receive a bonus for the first time since 2022. The employee-owned business, which operates John Lewis and Waitrose, has been undergoing a major transformation strategy after the pandemic, including store closures and job cuts. Despite tripling profits last year, no bonus was awarded, leading to staff frustration. The company has invested £800 million in store refurbishments and increased pay by 6.9% for partners. JLP's update will also detail the progress of its transformation under chair Jason Tarry, including a renewed focus on its core retail business and the abandonment of its build-to-rent ambitions.

Key Entities & Roles

Key Player Opposition Context

Dame Sharon White 30% Tesco UK 40% Topshop 40% Jason Tarry ×260% Waitrose ×470% John Lewis ×580% John Lewis Partnership ×590%

Keywords

annual bonus 100% john lewis partnership 90% retail group 70% transformation strategy 70% employee-owned business 60% profit target 60% investment 50% retail business 50% pay increase 50% rental properties 40%

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Neutral

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The Guardian - World News

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90%

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annual bonus john lewis partnership retail group transformation strategy employee-owned business profit target investment retail business pay increase rental properties

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