John Lewis bosses say turnaround is working as sales start to grow [Video]

JOHN LEWIS bosses have declared that the retailer has got its buzz back — but remained schtum on whether staff would have their cherished bonuses restored.

The employee-owned retail group yesterday toasted a turnaround in fortunes as sales grew and its losses narrowed from £59million to £30million.

Nish Kankiwala, chief executive of the John Lewis Partnership, yesterday said that he also expected profits to “significantly improve” this year.

However, he said that a decision on staff bonuses, which often used to be equivalent to a month or two’s pay, would not be taken until March.

John Lewis has not paid its staff — known as partners — a bonus for three out of the four years of outgoing chair Dame Sharon White’s tenure as it has battled with the aftermath of the pandemic.

Earlier this year, Dame Sharon said bonuses could be paid …