John Lewis staff braced for bonus cut | Business

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id="content"> <ul class="article-attributes b4"> <li class="byline"> <div class="contributer-full"> Josephine Moulds </div> </li> <li class="publication"> <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/">guardian.co.uk</a>, <time datetime="2012-03-02T13:18EST" pubdate>Friday 2 March 2012 13.18 EST</time> </li> <li class="history js-show"> <a class="rollover history-link" href="#history-link-box">Article history</a> <div class="toolbox-popup" id="history-link-box" style="width: 460px"> <div class="send-inner"> <div class="share-top"> <h3>About this article</h3> <span><a class="close-toolbox" href="#history-link-box">Close</a></span> </div> <div class="section"> <h1>John Lewis staff braced for bonus cut</h1> This article was published on <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/">guardian.co.uk</a> at <time datetime="2012-03-02T19:00EST" pubdate>13.18 EST on Friday 2 March 2012</time>. It was last modified at <time datetime="2012-03-02T13:19EST">13.19 EST on Friday 2 March 2012</time>. It was first published at <time datetime="2012-03-02T04:31">04.31 EST on Friday 2 March 2012</time>. </div> </div> </div> </li> </ul> <div id="article-wrapper"> <div id="main-content-picture"> <img src="http://web.archive.org/web/20120302200324im_/http://static.guim.co.uk/sys-images/Business/Pix/pictures/2012/1/16/1326719739240/Andy-Street-the-MD-of-Joh-007.jpg" width="460" height="276" alt="Andy Street, the MD of John Lewis, addresses new partners in the new Westfield Stratford City branch"/> <div class="caption">Analysts say John Lewis was hurt by its promise never to be beaten on price, forcing it to match rivals’ promotions. Photograph: Oli Scarff/Getty Images</div> </div> <div id="article-body-blocks"> <p>Staff at <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/johnlewis" title="More from guardian.co.uk on John Lewis">John Lewis</a> and Waitrose may face their first bonus cut in three years, in a sign that even the stalwart of the British high street is not immune to the economic downturn.</p><p>Analysts said the employee-owned business is likely to offer a bonus of between 12% and 14% of salary to its 77,000 staff, compared with 18% last year.</p><p>The drop shows the downside to the rosy picture politicians like to paint of the "John Lewis" model, which gives each employee part-ownership of the company, a share of its annual profits and a say in how it is run.</p><p>Neil Saunders, managing director of retail consultancy Conlumino, said: "I think relative to the rest of the high street they've been doing very well. They've gained market share both on the John Lewis and Waitrose side of the business. Their performance has been robust compared to others. That said, like others, they've had to do more discounting."</p><p>Last year, the company made a promise never to be beaten on price, in response to its customers' growing concern over household finances. But the move hit first-half profits, which dropped by almost 20% to £90.4m.</p><p>Saunders said: "Unlike others, they've also done quite a lot of investment — refurbishing stores, opening new stores, taking on new staff — and that has all had an impact on profitability, which is why we expect the impact on the bonus."</p><p>The second half is expected to be an improvement on the first, boosted by a successful Christmas, but the company is not expected to beat last year's pre-tax profits of £366m.</p><p>Independent retail analyst Nick Bubb, who tracks the company's weekly sales figures, expects profits of around £350m when the company posts its results on Wednesday next week.</p><p>Saunders added: "They have not been immune from the difficulties in the market but they have emerged from it in pretty good shape."</p><p>The John Lewis Partnership is endlessly cited by politicians, seeking to replicate the model whereby stakeholders are somehow invested in the results of the organisation.</p><p>In 2010, London's Lambeth council announced an intention to remould itself according to the "John Lewis model". Last June, David Cameron unveiled plans to turn parts of the public sector into "John Lewis-style" mutuals. Even Nick Clegg has talked about making other firms in the private sector operate a bit more like John Lewis.</p> </div> </div> </div> <div id="related"> <ul id="article-toolbox-side" class="b4 left"> <li class="printable"><a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2012/mar/02/john-lewis-staff-bonus-cut/print" rel="nofollow" id="printlink" class="printable rollover" title="Link to a printer-friendly version"><img src="http://web.archive.org/web/20120302200324im_/http://static.guim.co.uk/static/5e8a33fc00d9d9e6d2e5ca71dd905bae18283811/common/images/icon_print.gif" alt="Print this" class="trail-icon"/><span>Printable version</span></a></li> <li><a class="rollover send-email" href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/email/1711851" title="Opens an email form"><img 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class="bd"> <div class="two-col edge"> <p class="b4 t6">Related</p> <ul class="l1d"> <li> <p class="t6 web-publication-date">11 Mar 2010</p> <p class="t7"> <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2010/mar/11/john-lewis-staff-share-151m-in-bonuses?INTCMP=ILCNETTXT3487">John Lewis staff to share £151m in bonuses</a> </p> </li><li> <p class="t6 web-publication-date">11 Mar 2010</p> <p class="t7"> <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2010/mar/11/john-lewis-staff-share-bonus?INTCMP=ILCNETTXT3487">John Lewis shares £151m in bonuses with staff</a> </p> </li><li> <p class="t6 web-publication-date">9 Mar 2011</p> <p class="t7"> <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2011/mar/09/john-lewis-staff-share-200m-pound-bonuses?INTCMP=ILCNETTXT3487">John Lewis to share nearly £200m in bonuses after successful year</a> </p> </li><li> <p class="t6 web-publication-date">6 Mar 2008</p> <p class="t7"> <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/audio/2008/mar/06/charlie.mayfield.john.lewis.bonus?INTCMP=ILCNETTXT3487">'It's equivalent to 10 weeks' pay, they'll be very happy with that'</a> </p> </li> </ul> </div> </div> </div> </span> </div> <ul id="article-toolbox"> <li class="printable"><a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2012/mar/02/john-lewis-staff-bonus-cut/print" rel="nofollow" id="printlink" class="printable rollover" title="Link to a printer-friendly version"><img src="http://web.archive.org/web/20120302200324im_/http://static.guim.co.uk/static/5e8a33fc00d9d9e6d2e5ca71dd905bae18283811/common/images/icon_print.gif" alt="Print this" class="trail-icon"/><span>Printable version</span></a></li> <li><a class="rollover send-email" href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/email/1711851" title="Opens an email 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It was last modified at <time datetime="2012-03-02T13:19EST">13.19 EST on Friday 2 March 2012</time>. It was first published at <time datetime="2012-03-02T04:31">04.31 EST on Friday 2 March 2012</time>. </div> </div> </div> <span class="trackable-component component-wrapper six-col" data-component="comp: Below fold ad slot : 3rd ad slot"> <div id="Middle2" class=" hide-on-popup"> <div id="ad-placeholder-Middle2"></div> </div> </span> <span class="trackable-component component-wrapper six-col" data-component="comp: Advertiser links for article page : Bottom article advertiserlinks"> <div id="advertiser-container"> <script type="text/javascript"> google_ad_client = 'ca-guardian_js'; google_ad_channel = 'business'; </script> <script> google_max_num_ads = '3'; </script> <div id="google-ads-container" class="eight-col edge component advertiser-links" style="display: none;"></div> <script type="text/javascript"> //<![CDATA[ if (true) { writeScript("http://web.archive.org/web/20120302200324/http://pagead2.googlesyndication.com/pagead/show_ads.js", false, function(){}); } // ]]> </script> </div> </span> </div> <div id="promo"> <div id="promo" class="four-col edge"> <span class="trackable-component component-wrapper four-col" data-component="comp: Flexible right hand slot advert : right hand ad slot on all sites"> <div id="Right1" class=" hide-on-popup"> <div id="ad-placeholder-Right1"></div> </div> </span> <span class="trackable-component component-wrapper four-col" data-component="microapp: money-supermarket : money supermarket promo : Minibest buys on business"> <?xml version="1.0" encoding="UTF-8"?> <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <div class="money-supermarket promo-component"> <div class="hd"> <h3>Our selection of best buys</h3> </div> <div class="bd"> <ul class="tabs"> <li><a class="active" href="#finance-pane-0">Mortgages</a></li> <li><a class="inactive" href="#finance-pane-1">Credit cards</a></li> <li><a class="inactive" href="#finance-pane-2">Loans</a></li> <li><a class="inactive" href="#finance-pane-3">Savings</a></li> </ul> <div id="finance-guides"> <div id="finance-pane-0"> <div class="finance-table"> <table id="mortgage-table"> <col class="title"/> <col class="rate"/> <col class="more-info"/> <thead> <tr> <th scope="col">Lender</th> <th scope="col">Initial rate</th> <td></td> </tr> </thead> <tbody> <tr> <td>HSBC</td> <td>2.24%</td> <td><a href="http://web.archive.org/web/20120302200324/http://guardian.lcplc-online.co.uk/BestBuy.aspx?GUProdID=156807&Type=F">More</a></td> </tr><tr> <td>HSBC</td> <td>2.54%</td> <td><a href="http://web.archive.org/web/20120302200324/http://guardian.lcplc-online.co.uk/BestBuy.aspx?GUProdID=157160&Type=F">More</a></td> </tr><tr> <td>First Direct</td> <td>1.99%</td> <td><a href="http://web.archive.org/web/20120302200324/http://guardian.lcplc-online.co.uk/BestBuy.aspx?GUProdID=114284&Type=V">More</a></td> </tr> </tbody> </table> </div> <ul class="best-buys-more"> <li class="bullet info"> <a href="http://web.archive.org/web/20120302200324/http://guardian.lcplc-online.co.uk/bestbuy.aspx" rel="nofollow">See more mortgage best buys</a> </li> <li class="bullet"> <a href="http://web.archive.org/web/20120302200324/http://guardian.lcplc-online.co.uk/Wizard1.aspx" rel="nofollow">Get a personal quote</a> </li> </ul> </div> <div class="initially-off" id="finance-pane-1"> <div class="finance-table"> <table id="credit-card-table"> <col class="title"/> <col class="rate"/> <col class="more-info"/> <thead> <tr> <th scope="col">Name</th> <th scope="col">BT Rate</th> <th scope="col">BT Period</th> <th scope="col"></th> </tr> </thead> <tbody> <tr> <td>Barclaycard Platinum Credit Card with Extended Balance Transfer</td> <td>0.00%</td> <td>22 months</td> <td><a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/servicelayer/products/card/bcard_plat_22_months/GU/5">More</a></td> </tr><tr> <td>Halifax Balance Transfer Credit Card</td> <td>0.00%</td> <td>22 months</td> <td><a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/servicelayer/products/card/halifax_bt_credit_card/GU/5">More</a></td> </tr><tr> <td>Barclaycard Platinum Credit Card with Balance Transfer</td> <td>0.00%</td> <td>21 months</td> <td><a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/servicelayer/products/card/bcard_plat_20_month/GU/5">More</a></td> </tr> </tbody> </table> </div> <ul class="best-buys-more"> <li class="bullet info"> <a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/partners/guardian/cards/" rel="nofollow">See more credit cards best buys</a> </li> <li class="bullet"> <a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/partners/guardian/cards/" rel="nofollow">Compare over 300 credit cards</a> </li> </ul> </div> <div class="initially-off" id="finance-pane-2"> <div class="finance-table"> <table id="loan-table"> <col class="title"/> <col class="rate"/> <col class="more-info"/> <thead> <tr> <th scope="col">Provider</th> <th scope="col">Headline rate</th> <th scope="col">APR</th> <th scope="col"></th> </tr> </thead> <tbody> <tr> <td>M&S Personal Loan</td> <td>6.00%</td> <td>6%</td> <td><a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/loansp/LoansExternalDb_new.asp?BestBuy=1&Source=GU&LoansID=221&URL=http://money.marksandspencer.com/banner.asp?bannerid=3195">More</a></td> </tr><tr> <td>Tesco</td> <td>6.10%</td> <td>6.1%</td> <td><a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/loansp/LoansExternalDb_new.asp?BestBuy=1&Source=GU&LoansID=2030&URL=http://clk.atdmt.com/UAG/go/183413853/direct/01/">More</a></td> </tr><tr> <td>Sainsbury's Shopper Personal Loan</td> <td>6.10%</td> <td>6.1%</td> <td><a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/loansp/LoansExternalDb_new.asp?BestBuy=1&Source=GU&LoansID=1562&URL=http://www.sainsburysbank.co.uk/borrowing/micro/bor_loans_ms_apply.shtml?source=NET0032ILOANMSIT0001">More</a></td> </tr> </tbody> </table> </div> <ul class="best-buys-more"> <li class="bullet info"> <a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/partners/guardian/loans/" rel="nofollow">See more loan best buys</a> </li> <li class="bullet"> <a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/partners/guardian/loans/" rel="nofollow">Compare over 500 loan providers</a> </li> </ul> </div> <div class="initially-off" id="finance-pane-3"> <div class="finance-table"> <table id="savings-table"> <col class="title"/> <col class="rate"/> <col class="more-info"/> <thead> <tr> <th scope="col">Provider</th> <th scope="col">AER</th> <th scope="col"></th> </tr> </thead> <tbody> <tr> <td>Santander</td> <td>3.1%</td> <td><a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/servicelayer/products/savings/SAVINGS002606301Anniversary/GU">More</a></td> </tr><tr> <td>Nationwide BS</td> <td>3.02%</td> <td><a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/servicelayer/products/savings/SAVINGS002869901Monthly/GU">More</a></td> </tr><tr> <td>Principality BS</td> <td>3.01%</td> <td><a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/servicelayer/products/savings/SAVINGS002876601Yearly/GU">More</a></td> </tr> </tbody> </table> <ul class="best-buys-more"> <li class="bullet info"> <a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/partners/guardian/savings?feed=easy-access" rel="nofollow">See more savings account offers</a> </li> <li class="bullet"> <a href="http://web.archive.org/web/20120302200324/http://www.moneysupermarket.com/partners/guardian/savings?feed=easy-access" rel="nofollow">Compare over 4,000 savings accounts</a> </li> </ul> </div> </div> </div> </div> </div> </span> <span class="trackable-component component-wrapper four-col" data-component="microapp: zeitgeist : Most Viewed Old Promo : Most viewed by section - Zeitgeist"> <style> .m-zeitgeist .bd { float: left } /* for the IE6 lols */ .m-zeitgeist .hd { padding-bottom: 0px; margin-bottom: -12px} .m-zeitgeist .hd h2 { padding-bottom: 12px; } .m-zeitgeist #att-panes { background-color: #fff; float: left; } .m-zeitgeist .att-toggle-pane { min-width:280px; } .m-zeitgeist ol { padding: 0 5px; } .m-zeitgeist #most-zeitgeist ol { padding-left: 0; } .m-zeitgeist .zg-date { color: #D61D00; padding-left:5px; padding-top: 5px; } .m-zeitgeist ol li { clear: both; padding-left: 15px; } .m-zeitgeist div#att-most-viewed ol li.l1, .m-zeitgeist div#att-latest ol li.l1 { 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crisis live: EU summit focuses on growth - 3 March 2012</a></div> </li> <li class="l1 business fade-2"> <div class="zeit-link"><a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/poll/2012/mar/02/sexist-pink-lego-bricks-girls">Is it sexist to make pink Lego bricks for girls?</a></div> </li> <li class="l1 business fade-3"> <div class="zeit-link"><a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2012/mar/02/john-lewis-staff-bonus-cut">John Lewis staff braced for bonus cut</a></div> </li> <li class="l1 business fade-4"> <div class="zeit-link"><a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2012/mar/02/eu-summit-european-leaders-growth-cuts">EU summit: European leaders focus on growth, not austerity</a></div> </li> <li class="l1 business fade-5"> <div class="zeit-link"><a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2012/mar/02/eu-summit-david-cameron-britain-voice-heard">EU summit: David Cameron claims Britain's voice has been heard</a></div> </li> <li class="l1 footer about-zeit"> <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/zeitgeist">More zeitgeist</a> <img class="what-is" alt="What is Zeigeist?" title="" src="http://web.archive.org/web/20120302200324im_/http://static.guim.co.uk/microapps/zeitgeist/about-zeitgeist.gif"/> <div id="zeit-popup" class="zeit-popup"> <strong>What is Zeitgeist?</strong> <p>Zeitgeist is an experiment in showing trending news, topics and articles from the Guardian. Find out more in <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/help/insideguardian/2010/feb/03/zeitgeist">our blog post</a>.</p> </div> </li> </ol> </div> <div class="att-tabs att-toggle-pane initially-off" id="att-latest"> <p class="b2 zg-date">Last 24 hours</p> <ol> <li class="l1 thumb"> <img src="http://web.archive.org/web/20120302200324im_/http://static.guim.co.uk/sys-images/Guardian/About/General/2012/2/28/1330425105741/Vince-Cable-003.jpg"/> <span class="rank">1. </span> <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2012/mar/02/quantitative-easing-vince-cable">Quantitative easing a great unknown, says Vince Cable</a> </li> <li class="l1"> <span class="rank">2. </span> <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2012/mar/02/bonds-government-borrowing">Balls the Younger, Pimco's rising star</a> </li> <li class="l1"> <span class="rank">3. </span> <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2012/mar/02/ecb-british-banks-loans">UK banks take over €37bn in ECB loans</a> </li> <li class="l1"> <span class="rank">4. </span> <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2012/mar/02/john-lewis-staff-bonus-cut">John Lewis staff braced for bonus cut</a> </li> <li class="l1"> <span class="rank">5. </span> <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2012/mar/02/eurozone-crisis-live-eu-summit-growth">Eurozone crisis live: EU summit focuses on growth - 3 March 2012</a> </li> <li class="more-latest l1 footer"> <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/all">All today's stories</a> </li> </ol> </div> </div> </div> </div> </div> </span> <span class="trackable-component component-wrapper four-col" data-component="microapp: twitter-app : Grouped Twitter Feed (Promo) : Twitter micro-app"> <div id="businessjournalists" class="promo-component twitter-container" data-fetch-url="http://resource.guim.co.uk/twitter/jsonlist/businessjournalists.jsonp" data-latest-tweet="175497430975004674"> <div class="hd"> <h3>Guardian business journalists</h3> </div> <div class="bd"> <p class="l2">Follow the latest business news, comment and analysis on Twitter</p> <ul> <li class="l1 tweet"> <a href="http://web.archive.org/web/20120302200324/http://twitter.com/JuliaKollewe"><img src="http://web.archive.org/web/20120302200324im_/http://a0.twimg.com/profile_images/1418574264/me_iceland_normal.jpg" alt="JuliaKollewe" height="40" width="40"/></a> <p><a href="http://web.archive.org/web/20120302200324/http://twitter.com/JuliaKollewe"><strong>JuliaKollewe:</strong></a> Oil even topped $128 a barrel in post-settlement trade last night, reaching levels last seen in the summer of 2008 <a href="http://web.archive.org/web/20120302200324/http://search.twitter.com/search?q=%23business">#business</a></p> <span><a href="http://web.archive.org/web/20120302200324/http://twitter.com/JuliaKollewe/statuses/175497430975004674">about 11 hours, 32 minutes ago</a></span> </li> <li class="l1 tweet"> <a href="http://web.archive.org/web/20120302200324/http://twitter.com/JuliaKollewe"><img src="http://web.archive.org/web/20120302200324im_/http://a0.twimg.com/profile_images/1418574264/me_iceland_normal.jpg" alt="JuliaKollewe" height="40" width="40"/></a> <p><a href="http://web.archive.org/web/20120302200324/http://twitter.com/JuliaKollewe"><strong>JuliaKollewe:</strong></a> Rentokil reports £50m loss for 2011, still hasn't fixed Citylink delivery business but confident new management will do the trick <a href="http://web.archive.org/web/20120302200324/http://search.twitter.com/search?q=%23business">#business</a></p> <span><a href="http://web.archive.org/web/20120302200324/http://twitter.com/JuliaKollewe/statuses/175496217940344832">about 11 hours, 37 minutes ago</a></span> </li> <li class="l1 tweet"> <a href="http://web.archive.org/web/20120302200324/http://twitter.com/_fionawalsh"><img src="http://web.archive.org/web/20120302200324im_/http://a1.twimg.com/profile_images/1308817167/fiona_walshtwitter_normal.jpg" alt="_fionawalsh" height="40" width="40"/></a> <p><a href="http://web.archive.org/web/20120302200324/http://twitter.com/_fionawalsh"><strong>_fionawalsh:</strong></a> Overnight deposits with ECB soar to €777 billion...now where did they get that money? oh yes, the ECB.. <a href="http://web.archive.org/web/20120302200324/http://search.twitter.com/search?q=%23business">#business</a></p> <span><a href="http://web.archive.org/web/20120302200324/http://twitter.com/_fionawalsh/statuses/175495955599204352">about 11 hours, 38 minutes ago</a></span> </li> </ul> </div> <div class="ft">• <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/twitter/list/businessjournalists">Read the latest business tweets from our team</a><br>• <a href="http://web.archive.org/web/20120302200324/http://twitter.com/guardian/business-staff-21">Follow our journalists on a Twitter list</a></div> </div> </span> <span class="trackable-component component-wrapper four-col" data-component="microapp: static : Financial services brochures : financial services brochures on business"> <iframe src="http://web.archive.org/web/20120302200324if_/http://www.dianomioffers.co.uk/smartads.epl?id=609" height="240" frameborder="0" scrolling="no" style="margin-bottom: 6px;"></iframe> </span> <span class="trackable-component component-wrapper four-col" data-component="microapp: guardian-bookshop : Bestsellers : bookshop"> <style> .m-guardianbookshop .rank { float: left; margin-left: -15px; } .m-guardianbookshop .thumb .rank { margin-left: 0; } .m-guardianbookshop h4 { border-top: none !important; font-weight: bold; margin-left: 5px !important; padding: 5px 0 8px 0 !important; } .m-guardianbookshop .bestsellers { background-color: #fff; padding-bottom: 17px;} .m-guardianbookshop ol { padding: 0 5px; } .m-guardianbookshop .l1 { clear: both; padding-left: 15px; } .m-guardianbookshop .thumb { padding-left: 0; } .m-guardianbookshop .thumb img { float: left; margin: 2px 10px 9px 0;} .m-guardianbookshop .price { display: inline; } .m-guardianbookshop .thumb .price { display: block; } .m-guardianbookshop .rank, .m-guardianbookshop .book-title { font-weight: bold; } .m-guardianbookshop input { border: 1px solid #999; width: 75%; min-height: 16px; margin-top: 8px; padding: 3px 2px;} </style> <div class="m-guardianbookshop promo-component"> <div class="hd"> <h3> <a href="http://web.archive.org/web/20120302200324/http://www.guardianbookshop.co.uk/"><img src="http://web.archive.org/web/20120302200324im_/http://resource.guim.co.uk/global/static/proxy?url=http%3A%2F%2Fgu-books.appspot.com%2Fimg%2Flogo-guardian-bookshop.png" alt="Guardian Bookshop" title=""/></a> </h3> </div> <div class="bd"> <div class="bestsellers"> <h4>This week's bestsellers</h4> <ol> <li class="l1 thumb"> <img src="http://web.archive.org/web/20120302200324im_/http://resource.guim.co.uk/books/gubookshop/thumbnail/images.bertrams.com/ProductImages/services/GetImage?Source=BERT&Quality=WEB&EAN13=9780857860736&Component=FRONTCOVER" title="Leaving Alexandria"/> <span class="rank">1. </span> <a href="http://web.archive.org/web/20120302200324/http://www.guardianbookshop.co.uk/BerteShopWeb/viewProduct.do?ISBN=9780857860736" class="book-title">Leaving Alexandria</a> <p> by Richard Holloway <span class="price">£17.99</span> </p> </li> <li class="l1"> <span class="rank">2. </span> <a href="http://web.archive.org/web/20120302200324/http://www.guardianbookshop.co.uk/BerteShopWeb/viewProduct.do?ISBN=9780091939519" class="book-title">100 Simple Things You Can Do to Prevent Alzheimer's</a> <p> by Jean Carper <span class="price">£10.99</span> </p> </li> <li class="l1"> <span class="rank">3. </span> <a href="http://web.archive.org/web/20120302200324/http://www.guardianbookshop.co.uk/BerteShopWeb/viewProduct.do?ISBN=9780099511649" class="book-title">Woman in Black</a> <p> by Susan Hill <span class="price">£7.99</span> </p> </li> <li class="l1"> <span class="rank">4. </span> <a href="http://web.archive.org/web/20120302200324/http://www.guardianbookshop.co.uk/BerteShopWeb/viewProduct.do?ISBN=9781846144820" class="book-title">What are Universities For?</a> <p> by Stefan Collini <span class="price">£9.99</span> </p> </li> <li class="l1"> <span class="rank">5. </span> <a href="http://web.archive.org/web/20120302200324/http://www.guardianbookshop.co.uk/BerteShopWeb/viewProduct.do?ISBN=9780571234608" class="book-title">Capital</a> <p> by John Lanchester <span class="price">£17.99</span> </p> </li> </ol> </div> <div class="search"> <p> Search the Guardian bookshop </p> <form method="POST" action="http://web.archive.org/web/20120302200324/http://www.guardianbookshop.co.uk/BerteShopWeb/search.do" name="QuickSearchForm"> <input type="text" class="searchBox" value="" name="keyword"> <button class="searchBtn" type="submit"> <span class="searchText">Search</span> </button> <input type="hidden" value="" name="author"> </form> </div> </div> </div> </span> <span class="trackable-component component-wrapper four-col" data-component="comp: Sponsored features : sponsored features"> <div class="promo-component json-features x31 four-col" style="display: none;"> <div class="hd"> <h3>Sponsored feature</h3> </div> <div class="bd inline-pic"> <a href="" 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class="b3"><a href="http://web.archive.org/web/20120302200324/http://jobs.guardian.co.uk/social-care/?INTCMP=JB2_BUSIN">Social care</a></li> </ul> <p class="browse-all-jobs b3"> <a href="http://web.archive.org/web/20120302200324/http://jobs.guardian.co.uk/?INTCMP=JB2_BUSIN">Browse all jobs</a> </p> <form id="search-jobs-form" class="b2" action="http://web.archive.org/web/20120302200324/http://jobs.guardian.co.uk/searchjobs/?INTCMP=JB2_BUSIN"> <fieldset> <input type="text" onfocus="this.value='';" value="Business" name="keywords" id="freetext-searchalljobs" class="text plain-search"/> <input type="hidden" value="JB2_BUSIN" name="INTCMP"/> <input type="submit" value="Search" name="go" class="submit"/> </fieldset> </form> <div class="featured-job"> <a href="http://web.archive.org/web/20120302200324/http://jobs.guardian.co.uk/job/4415281/business-development-manager/" class="featured-image"> <img src="http://web.archive.org/web/20120302200324im_/http://resource.guim.co.uk/global/jobsbox/thumbnail/25001?u=-1169164600" alt=""/> </a> <div> <h4><a href="http://web.archive.org/web/20120302200324/http://jobs.guardian.co.uk/job/4415281/business-development-manager/">Business Development Manager</a></h4> <p>Holborn, Central London | £40 - 45k depending on experience + benefits</p> <p><a href="http://web.archive.org/web/20120302200324/http://jobs.guardian.co.uk/employer/828740/engineeringuk-1/">ENGINEERINGUK</a></p> </div> </div> </div> </div> </span> <span class="trackable-component component-wrapper four-col" data-component="comp: Additional promo : Additional Promo"> <div id="Position4" class=" hide-on-popup"> <div id="ad-placeholder-Position4"></div> </div> </span> <div id="promo" class="four-col edge"> </div> </div> </div> <span class="trackable-component component-wrapper eight-col" data-component="microapp: related-information : Related information horizontal : related-information-horizontal"> <div class="related-content eight-col component"> <div class="hd"> <h3>Related information</h3> </div> <div class="bd"> <div class="two-col"> <div class="related-keywords"> <h4 class="t6 b4"><a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/uk?INTCMP=ILCNETTXT3487">UK news</a></h4> <ul> <li></li> </ul> </div><div class="related-keywords"> <h4 class="t6 b3"><a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business?INTCMP=ILCNETTXT3487">Business</a></h4> <ul> <li><a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/johnlewis?INTCMP=ILCNETTXT3487">John Lewis</a> · </li><li><a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/retail?INTCMP=ILCNETTXT3487">Retail industry</a> · </li><li><a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/executive-pay-bonuses?INTCMP=ILCNETTXT3487">Executive pay and bonuses</a></li> </ul> </div> </div> <div class="two-col"> <a class="related-content-image" href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/cartoon/2011/mar/09/johnlewis-retail"> <img src="http://web.archive.org/web/20120302200324im_/http://static.guim.co.uk/sys-images/guardian/About/General/2011/3/9/1299699261171/john-lewis-profits-march--004.jpg" alt="john lewis profits march 2011 kipper williams"/> </a> <p class="t6"> <a class="related-content-headline" href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/cartoon/2011/mar/09/johnlewis-retail?INTCMP=ILCNETTXT3487">Bumper bonus for John Lewis staff</a> </p> <p class="t6 related-content-publication-date">9 Mar 2011</p> <p class="related-content-trail-text">Partners at John Lewis awarded bonus worth 18% of pay after successful year</p> <p class="b3 two-col related-content-footer"><a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/cartoons/archive?INTCMP=ILCNETTXT3487">Morecartoons</a></p> </div> <div class="two-col"> <ul class="l1d"> <li> <p class="t6 related-content-publication-date">6 Mar 2008</p> <p class="t7"> <a class="related-content-headline" href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2008/mar/06/johnlewis.retail?INTCMP=ILCNETTXT3487">John Lewis staff celebrate bumper bonuses</a> </p> </li><li> <p class="t6 related-content-publication-date">11 Mar 2009</p> <p class="t7"> <a class="related-content-headline" href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2009/mar/11/john-lewis-pays-lower-bonus?INTCMP=ILCNETTXT3487">Profits fall but John Lewis pays its staff 13% 'real' bonus</a> </p> </li><li> <p class="t6 related-content-publication-date">14 Sep 2007</p> <p class="t7"> <a class="related-content-headline" href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2007/sep/14/retail?INTCMP=ILCNETTXT3487">Profits leap 51% at John Lewis but chain warns of leaner times</a> </p> </li><li> <p class="t6 related-content-publication-date">8 Mar 2009</p> <p class="t7"> <a class="related-content-headline" href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2009/mar/08/johnlewis-retail?INTCMP=ILCNETTXT3487">Staff feel the pinch as John Lewis bonus pot dwindles</a> </p> </li> </ul> </div> <div class="two-col edge"> <a class="related-content-image" href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2011/mar/06/john-lewis-waitrose-profits"> <img src="http://web.archive.org/web/20120302200324im_/http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2011/3/4/1299267929160/Heston-Blumenthal-003.jpg" alt="Heston Blumenthal"/> </a> <p class="t6"> <a class="related-content-headline" href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/2011/mar/06/john-lewis-waitrose-profits?INTCMP=ILCNETTXT3487">John Lewis staff receive 17% bonus</a> </p> <p class="t6 related-content-publication-date">6 Mar 2011</p> <p class="related-content-trail-text">John Lewis and Waitrose shopworkers share in excellent year for retail group</p> <p class="b3 two-col edge related-content-footer"></p> </div> </div> </div> </span> <div class="trackable-component crumb-wrapper global" data-component="comp: r2: Crumb Navigation"> <ul class="crumb-nav"> <li id="crumb1"> <span> Hot topics </span> </li> </ul> <ul class="local-nav"> <li class="first"> <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/marketturmoil">Market turmoil</a> </li> <li> <a href="http://web.archive.org/web/20120302200324/http://www.guardian.co.uk/business/economicgrowth">Economic growth (GDP)</a> </li> <li> <a 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John Lewis staff braced for bonus cut | Business | guardian.co.uk