Next chief Simon Wolfson paid record £7.4m – and could get far more this year

‘Sustained outperformance’ merits pay rise, says company after it ups profit guidance to £1.2bn for year to January 2027

Tesco warns profits could fall amid Iran war uncertainty

Boss Ken Murphy plays down food inflation fears as supermarket’s annual profits rise by 8.5% to £2.4bn

UK could face gaps on supermarket shelves by summer if Iran war continues

Ministers drawing up contingency plans for ‘reasonable worst-case scenario’ if supply of CO2 is disrupted

Wildings in Newport, Wales: the grand department store that became an illicit cannabis farm

For decades, Wildings was the poshest shop in town. But since it closed down in 2019, the storied building has fallen into disrepair and been commandeered as a drug den and a skate park. What happened?

Lidl and Iceland ads are first banned under new UK junk food rules

ASA rules ads on Instagram and Daily Mail website broke ban on promoting items high in fat, salt and sugar

We lost £3,000 after collapse of Ikea’s solar panel installer

Swedish retailer continued to advertise partnership with Soly and failed to offer me any advice

Can the Punk Rock flea market save the soul of Seattle?

In 20 years, the institution has seen the city change from a low-stakes, overachieving cultural incubator to the US’s hub of neoliberal corporate capitalism

Starbucks’s retail arm gets £13.7m tax credit even as sales increase

Credit can be used to offset future bills as full-year losses at UK division widen to £41.3m and it adds 92 stores

Lidl to open 50 UK stores in year ahead – and its first pub

Almost 2,000 jobs will be created, with retailer vying to overtake Morrisons as Britain’s fifth largest supermarket

Gentleman’s Relish is toast after its maker axes the pungent anchovy spread

Falling sales end production of condiment created in 1828 – but London restaurant Simpson’s keeps it on the menu

John Lewis boss’s pay rises to £1.2m as retailer cuts 3,300 jobs

Jason Tarry sees salary increase by 21% in year to January, while fewer people are employed at John Lewis and Waitrose stores

Retail workers call for more security after Waitrose sacking for tackling shoplifter

Shop workers’ union Usdaw says 59% of its members in its annual survey said they would welcome more security guards in stores

Wednesday briefing: ​Has the sacking of a shop worker highlighted our unease around how crime is tackled?

In today’s newsletter: A Waitrose worker’s dismissal ​after confronting a shoplifter has become a flashpoint in a wider debate over rising retail crime

Iceland chain offers job to man sacked by Waitrose after confronting shoplifter

Iceland’s chair Richard Walker says Walker Smith is ‘welcome to a job with us’ as public fundraiser hits £7,500

Waitrose under pressure to reinstate worker sacked after stopping shoplifter

Retailer faces public outcry over treatment of Walker Smith, who tackled shoplifter stealing Easter eggs at London store