The John Lewis Partnership added that investment into its strategy and customers was going to ‘take precedence’ over its annual bonus for staff.
The John Lewis Partnership has said the five-year transformation plan launched by the retail group in 2020 will take two years longer than planned as it posted another half-year loss.
JLP said the “Partnership Plan” it launched in 2020, with the target of a £400 million profit by 2025/26, was now going to take until 2027/28 due to “inflationary pressures”. “Our partners are the centre of the partnership and can hopefully see that right decisions are being made,” she said.
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