John Lewis warns it may not pay staff bonus
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Retail group John Lewis Partnership has warned its staff bonus may be in doubt as it reported a fall in festive sales at its department store chain.
It said it expected annual partnership profits to be “substantially down on last year”.
The board will meet in February to decide if it is “prudent” to pay the staff bonus, the partnership said.
In addition, John Lewis & Partners managing director Paula Nickolds will step down.
