Asda chief executive Andy Bond has warned that the retailer could lose its position as the UK's number two supermarket to Sainsbury's next month. Bond added that Asda's recovery from its slide in sales and customer numbers could take six months longer than previously thought - Financial Times
Tchibo, the German coffee and homeware retailer, is planning to open 200 shops and concessions within supermarkets in 2006. The firm has secured deals with Sainsbury's and Somerfield - The Independent
Disney plans to sell episodes of hit TV shows to users of Apple's video iPods in the UK. The entertainment firm is also seeking a partner to launch a 'family-friendly' mobile phone in the UK - Mail on Sunday, The Independent on Sunday
Nat West is removing clocks from branches as part of a £150m refurbishment scheme. It has been suggested this will prevent customers knowing how long they have been queueing for - Mail on Sunday
Sir Richard Branson is planning a brand invasion of Asia that will see Virgin Mobile launch in several countries, including China. He is considering exporting a number of his most successful businesses to Asia in the next few years - Financial Times
Internet retailers are gearing up for a £5bn Christmas shopping bonanza this year, with 38% of adults expected to buy at least one gift online. This is almost double the number four years ago - The Independent.