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Next to build new Home & Garden store

Home  GardenLarge 1Next Home & Garden has been given the go ahead to build a new store at Hedge End, near Southampton. The store will be around 90,000 sq ft, and will have around 300 members of staff. The store is scheduled to open in spring nest year.

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The economy grew in 2012

calculatorThe economy grew last year, rather then being flat, according to revised figures from the Office for National Statistics. ONS now says the economy grew by 0.3% in 2012, but it has maintained its 0.3% contraction for the final quarter of the year.

The revisions saw the first quarter lifted from a 0.2% contraction to a 0.1% contraction while growth in the third quarter was upgraded from 0.9% growth to 1.0%.

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Retail store shutdowns climb tenfold in year

boarded up shopPwC and the Local Data Company's retail store closure statistics show shutdowns climbed tenfold in a year. Multiple retailers closures reach 20 stores a day on average across Great Britain’s town centres in 2012, says PwC and Local Data Company analysis.

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Boost in UK mortgage market

house-sold-SmallThe UK mortgage market has been boosted by government schemes to help first-time buyers, according to homebuilder Redrow. The company praised the government-backed NewBuy scheme, which enables people to get a 95% mortgage.

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Axminster staff to continue campaign

AXMcampaignStaff at Axminster Carpets are to continue their campaign demanding Government support for the British carpet industry, with a fourth event in a week. Employees launched a campaign and petition in Axminster town centre on Saturday and followed it up with events in Axminster, Seaton, Chard and Lyme Regis this week. Another is planned for Honiton on Saturday.

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Wool House – first look

WHdesignersThe Campaign for Wool last night unveiled its most ambitious project: Wool House. Here's the first look. Wool House, located at Somerset House in central London until 24 March, showcases the many uses of wool across the interiors and fashion industries.

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Tarkett shows its green side

Tarkett-recyclingFlooring company Tarkett sent less than 1% of its UK waste to landfill in 2012, as it reinforced its green credentials. The company recycled more than 500tonnes of the waste produced at its UK manufacturing facility in Lenham, Kent.

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All jobs go at Olympia

OlympiaAll 135 staff at Olympia Furniture have lost their jobs after administrators were unable to find a buyer. Turnaround company SKG Capital put Olympia into administration earlier this month. Administrators say they still hope to find a buyer for the Ashton-under-Lyne firm.

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New md promises shake-up

NolteMThe new md of Nolte Mobel's UK arm has promised a shake-up at the bedroom company, addressing concerns over consumer care, displays and marketing. 'We have more direct contact with end users than the majority of furniture manufacturers and I will be putting structures and processes in place within the business to ensure customer enquiries are resolved quickly and to satisfaction,' says Geoff Hawkes, Nolte Mobel UK md.

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