John Lewis Partnership warns staff on annual profit target

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Lewis’s partnership has warned with those who will probably miss the annual profit target, which has taken place at Christmas.

Is Retail group owned by employeesWhich belongs to John Lewis and the waiters, he said to his workforce that the target of the internal profit of 131 million pounds for the confidence of consumers during the year of January was accused.

Refreshment excludes trading during Christmas weeks when retailers usually create significant amounts, but it puts the challenges we face Jason of the New Chair When he tries to restore more brands after a difficult period of time and continuous losses.

It also spells bad news for its 73,000 employees who are waiting to find out if they will receive a annual bonus when the group will make its annual results in March. The company used to say that it would not pay a bonus until it hit 150 million pounds after the first time the benefit was removed.

The group had to argue Covid 19 A pandemic and high inflation period when trying to improve trade competition competition, as well as criticism that the previous president Dam was lacking to turn business.

Former CEO of the group Channel Kankivala, as well as warned last year The growth of national insurance payments announced by that government, which in April, has been in additional expenses since 2025.

John Lewis’s partnership stated that it remains the remainder for the annual preliminary exclusive profits, which is reported last year, the external target shared in September.

The loss of its semester until the tax fell by 49% to six months until July 27, during the same period last year – 59 million pounds.

The internal trade update reported for the first time by Telegraph.

Nick Bubby, an independent retail analyst, said that “if everything were good at John Lewis and waiting, we suspect that they would not be silent.” Although the company does not usually share it.

Separately, this month, the group repaid 300 million pounds, according to two people familiar with the case, one step, which will further strengthen its balance sheet.

The unusual structure of employees means that management has limited access to external money.