The group, which runs the department store chain and Waitrose, saw underlying profits triple to £126 million from £42 million a year ago.
Despite a surge in profits to the highest level since 2022, the John Lewis Partnership has cancelled its staff bonus for the third consecutive year. The decision prioritizes a 7.4% pay increase and £600 million investment over bonus payments. Profits tripled to £126 million, but the company cites the need to restore competitive base pay and invest in technology.
