Partly Cloudy

Partly Cloudy

max temp: 15°C

min temp: 7°C


Retail: John Lewis and Waitrose staff likely to receive 15% annual bonus

12:12 05 March 2014

John Lewis Partnership chief Charlie Mayfield outside the Waitrose and John Lewis at home stores in Ipswich.

John Lewis Partnership chief Charlie Mayfield outside the Waitrose and John Lewis at home stores in Ipswich.


John Lewis and Waitrose staff are set for bonuses worth 15% of their salaries tomorrow as the retail chains continue strong trading.


John Lewis Partnership, which is owned by its 85,500 employees, will announce the bonus award alongside annual results, with the group expected to report a 7% rise in underlying profits to £370million.

The bonus percentage is set to be down from 17% a year earlier due to the increased cost of servicing the group’s £840m pension fund deficit.

The retailer’s 10-year plan to eliminate the deficit included a one-off payment of £85m in January followed by further annual cash payments of £44m.

Each worker, from weekend check-out assistants to chairman Charlie Mayfield, receives the same percentage of salary as a bonus.

The reported figure of 15% is believed to amount to £200m in total and represent around £3,500 to the average full-time employee.

The department store and supermarket arms of the partnership have continued to trade well, with John Lewis’s Christmas like-for-like sales up 6.9% and Waitrose reporting a 3.1% rise.

Independent retail analyst Nick Bubb has highlighted concerns about the impact of intense supermarket competition on profit margins at Waitrose.

But he said: “John Lewis Partnership should be reasonably optimistic about the outlook for the UK consumer and for profit and bonus growth in 2014/15.”

For more on the staff bonuses, click here.



  • Is it any wonder they can afford to pay these huge bonuses when the average person's grocery shopping bill keeps rising, goes to show price increases aren't all as a result of increases from suppliers.

    Report this comment


    Wednesday, March 5, 2014

  • Pop-pop; I also think that John Lewis know how and who to recruit. I won't shop anywhere else than Waitrose these days, the staff are polite and efficient and the customers don't walk around in their dressing gowns.

    Report this comment

    Drew Peacock

    Wednesday, March 5, 2014

  • This is why JohnLewis does so well. They have staff who are treated well and given a hefty bonus. I am sure that very few other retail staff are treated this well. This is what leads to good service. People who are cared about by their company in turn care about their company.

    Report this comment


    Wednesday, March 5, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

Needham Road in Stowmarket where the crash took place

An 81-year-old cyclist who sustained serious injuries following a collision in Stowmarket last week has died.

Glen Chisholm with baby Clinton 18 years ago.

Eighteen years ago the Ipswich Hospital Neonatal Unit saved the life of premature baby Clinton Chisholm.

The new bridge over Bramford Road takes shape.

It is 30 years since the face of Ipswich was changed completely with the opening of the final section of the town’s southern bypass.

Ipswich Basketball Club prepare for the new season at Copleston Sports Centre.

Copleston Sports Centre and Ipswich Basketball Club plea for investors to make long-awaited dream a reality

Michael Scott, chief executive of Norfolk and Suffolk NHS Foundation Trust . Photo: Steve Adams

A lack of beds and increased demand led to a four-fold increase in the cost of sending people with mental health problems outside of Norfolk and Suffolk in 2014/15.

Poundworld opens in Ipswich

The fourth bargain-basement shop in Ipswich town centre opened this morning.

The area in Clarkson Street where two gangs fought on September 23

Four people were arrested in drug raids carried out at six premises in the Wilberforce Street and Clarkson Street areas of Ipswich yesterday.

The East Anglian Air Ambulance is in attendance.

A woman has suffered a “potentially life-changing” head injury during a crash in Beccles.

South East Suffolk Magistrates' Court

Two drivers are paying the price after being caught travelling at more than 100mph on Suffolk’s roads.

A cyclist and a car collided on the St Augustine's roundabout in Ipswich.

A female cyclist has been taken to hospital after colliding with a car in Ipswich.

Most read

Most commented

Topic pages