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John Lewis sales jump ahead of VAT hike

first_img Show Comments ▼ John Lewis sales jump ahead of VAT hike More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Friday 14 January 2011 3:02 am Sales at department store chain John Lewis rocketed last week as shoppers rushed to buy furniture and electrical goods ahead of an increase in VAT sales tax.John Lewis, which also runs grocery chain Waitrose, said it also benefited from an extra day of holiday compared with the same week the year before, and from snow disruption the same time a year ago.Department store sales leapt 38.7 per cent year-on-year, the biggest rise in the group’s financial year which ends this month (January).John Lewis, which has long outperformed the broader retail sector, has bucked that trend, helped by its more affluent customer base, which is coping better with rising taxes and government spending cuts than lower income groups.The group said sales of home-related products leapt 42.9 per cent, while sales of electricals and home technology goods were up 38.3 percent and fashions up 35.1 percent.Online sales were up 42 percent.VAT sales tax rose to 20 per cent from 17.5 per cent on 4 January as one of a number of austerity measures by the government aimed at slashing its debts.Weekly sales at Waitrose were up 2.9 per cent year-on-year. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads Tags: NULLcenter_img Share whatsapp whatsapp John Dunne last_img read more