John Lewis scraps bonus again despite return to profit
John Lewis Partnership has returned to profit following a period of losses as it enters a year of “significant investment” to refresh its plan.
For the 52 weeks to January 27, 2024, JLP reported profit before tax and exceptional items of £42m, a £120m improvement on the year before, which saw a loss of £78m.
The group said improvement was driven by “sales growth, gross margin rate improvement and sustainable productivity improvements”.
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