UK retail bellwether slashes bonus as outlook toughens | Fin24
In partnership with
  • Covid-19 Money Hub

    The hub will help answer your business and money questions during the coronavirus crisis.

  • Dudu Myeni

    The former SAA chair has been declared a delinquent director for her role at the national airline.

  • Cigarette Ban

    Govt says emerging research shows smoking leads to more severe cases of Covid-19.


UK retail bellwether slashes bonus as outlook toughens

Mar 10 2017 17:32
Bloomberg: Paul Jarvis

London - Britain’s retailers face a tough year and workers at John Lewis department stores and Waitrose supermarkets are bearing the brunt.

The 90 000 employees of John Lewis Partnership have had their annual bonus reduced for a fourth year running, getting just 6% of salary compared with 17% in 2013.

The retailer sees an "increasingly uncertain market this year" as Brexit-induced inflation and a rise in online competitors put pressure on earnings.

Read Fin24's top stories trending on Twitter:

uk  |  retail  |  economy


Company Snapshot

Voting Booth

How has Covid-19 impacted your financial position?

Previous results · Suggest a vote