[Omah]

http://www.guardian.co.uk/business/2...7-percent-2012

From weekend check-out assistants right up to the chairman, John Lewis staff are celebrating this morning after the retailer said they would all receive a bonus worth 17% of their salary, equivalent to nine weeks' extra pay.

That is an improvement on last year, when the John Lewis Partnership, which is owned by its 84,700 staff, slashed the bonus from 18% to 14% of salary, after it suffered a 4% fall in profits.

But 2012 was a better year, with profits before tax and the partnership bonus up by 16% to £410m, helped along by the company's hugely successful online operation. Johnlewis.com processed sales of £960m over the year, a quarter of the company's total sales, up by 41% from 2011. The move online will be at the expense of management jobs and John Lewis announced last month that it plans to cut 325 department store manager posts over the next few years.

The contrast between sales growth in-store and online was striking, with like-for-like sales on the high street up 2.6%, while total like-for-like sales at John Lewis rose 10.5%.

Sales across the group, which includes high-end supermarket chain Watirose, jumped 9% to £8.5bn in the year to January 26. The company said cutting prices at Waitrose helped boost sales in the second half of the year, lifting its market share from 4.7% to 4.9%.

Looking ahead, chairman Charlie Mayfield said: "Although the market remains subdued we see more stability in customer demand and further opportunities to grow market share in both John Lewis and Waitrose."

He said the company had enjoyed a good start to 2013, with gross sales up 10.5% in the first five weeks of the year. John Lewis department stores enjoyed particularly strong growth, with like-for-like sales up 14% on the same period last year.

Now that's the way to run a business .....

[Cherie]

Originally Posted by Omah

http://www.guardian.co.uk/business/2...7-percent-2012



Now that's the way to run a business .....

How lovely for them, lovely windfall, my friends hubby works for JL, such a great company to work for.

[arista]

Originally Posted by Omah

Now that's the way to run a business .....

Yes John Lewis is quality that we need
it is a better way to run your business.


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