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John Lewis ‘Warns It Will Miss Profit Targets This Year After Disappointing Festive Sales – As Staff Say They No Longer Expect Annual Bonus’
Retail giant John Lewis has warned that it will miss its profit targets for the year, following disappointing festive sales. The news comes as staff have revealed they no longer expect to receive an annual bonus.
In a shocking turn of events, John Lewis has announced that it expects to fall short of its projected profits for the year, citing poor holiday sales as the primary cause. This announcement is a stark contrast to previous years, when the retailer typically reported strong festive season figures.
As a result of this disappointing performance, employees have expressed concerns about their own financial prospects. Sources within the company have revealed that staff no longer anticipate receiving an annual bonus, which would be a first in the history of the organization.
The news follows reports of a decline in consumer spending during the holiday period, with many retailers struggling to meet sales expectations.
Source: http://www.dailymail.co.uk
