Last mentioned: Mar 8, 2026
Decision Point
Board meets to determine if 2025/26 performance justifies a return to profit-sharing.
Bonus Decision
Formal announcement expected regarding the first payout in four years.
Leadership Transition
Jason Tarry is appointed as the new Chairman to succeed Dame Sharon White.
Return to Profit
The Partnership reports a pre-tax profit of £56m, signaling a turnaround.
Three-Year Hiatus
Bonuses are suspended as the company focuses on cost-cutting and debt reduction.
Brief Reinstatement
A 2% bonus is paid alongside a 3% pay rise as profits recover slightly.
First Bonus Suspension
Bonus scrapped for the first time since 1948 following a £517m pre-tax loss.
Restructuring Phase
JLP closes multiple stores and focuses on debt reduction and the 'Plan for Profit'.
Pre-Pandemic Bonus
JLP pays a 2% bonus, the lowest since 1953, before the full impact of COVID-19.
Last Bonus Paid
Partners receive a 2% bonus before the pandemic triggers a four-year suspension.
The John Lewis Partnership is poised to potentially reinstate its iconic staff bonus for the first time since 2020, marking a critical milestone in its multi-year turnaround. Following a return to profitability and significant restructuring, the decision will serve as a definitive signal of the retail giant's financial health.
The John Lewis Partnership is poised to announce whether it will reinstate its iconic annual staff bonus after a multi-year hiatus. This decision serves as a critical indicator of the retail giant's financial recovery and the long-term viability of its unique employee-ownership structure.