Retailer John Lewis has said its staff will not receive a bonus for the third year in a row, despite reporting a jump in annual profits. The employee-owned retail partnership, which also includes the Waitrose supermarket chain, said profits rose by 73% to £97m last year.

The John Lewis Partnership (JLP), parent company of Waitrose and John Lewis, has reported that its profit before tax and exceptional items has increased threefold, rising to £126m ($163.12m) from £42m during the fiscal year 2024/2025.

John Lewis has announced that its staff will not receive a bonus, despite a 73% jump in profits.

John Lewis staff will not receive a bonus for the third consecutive year, despite the retailer reporting a substantial rebound in annual profits.

John Lewis has axed its staff bonus for the third year in succession despite making its biggest profits since 2022. Bosses at Britain’s highest profile partnership, which runs John Lewis department stores and the Waitrose supermarket chain, said it had decided to prioritise an increases in regular pay and £600 million of investment over a bonus.

The department store and Waitrose owner faces 'tens of millions' in extra overheads this year due to increases to National Insurance, business rates and the minimum wage.

John Lewis Partnership staff could miss out on their bonuses for another year despite analysts predicting the department store chain’s profits have tripled.

John Lewis Partnership has decided not to pay staff an annual bonus despite profits rising threefold on the back of investment in the business.

John Lewis Partnership has said it will not pay a staff bonus for the third year in a row despite seeing a sizeable upturn in profit. The employee-owned business, which runs the department store chain and Waitrose supermarket arm, posted a 73 per cent jump in pre-tax profits to £97million for the year to 25 January.