Belfast Telegraph

Friday 26 December 2014

John Lewis staff set for 17% bonus

Nearly 85,000 staff at the group behind the John Lewis and Waitrose chains have celebrated a bumper bonus of 17% after barnstorming Christmas trading delivered record profits.

John Lewis Partnership's eponymous department store chain was the UK high street's top performer over the festive period after its snowman TV advert helped to tap the purse strings of middle England's shoppers.

While the stand-out performance was John Lewis online with sales of nearly £1bn, the retailer's stores also delivered scorching sales of Apple's iPad, Liz Earle beauty products and Lego mini figures.

Its stablemate Waitrose chain also posted strong sales after an initiative to match the price on at least 1,000 branded products, excluding promotions, at Tesco helped it further shed its 'posh and pricey' image.

JLP's 84,700 employees were awarded a bonus of 17% of their salary yesterday – equal to nearly nine weeks' pay – from pot of £210.8m. This was up on last year's payout of 14%.

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