John Lewis may suspend staff bonus as retail slump bites

Weak consumer demand prompts department store chain to consider scrapping bonus for first time since 1953

John Lewis is considering suspending its staff bonus for the first time in 66 years in the wake of the worst Christmas for retailers since the depths of the financial crisis.

The employee-owned department store group, which also owns Waitrose, said it would “need to consider carefully … whether payment of a bonus is prudent in the light of business and economic prospects at that time”.

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