L Brands first quarter results exceeded expectations, reporting earnings per share of $0.33 despite falling from $0.52 in the prior year's first quarter. The company increased its earnings expectation for the year.
Amazon topped the list of Engagement Labs' TotalSocial ranking for its online brand sharing performance and offline reputation. Nike, Nordstrom, Victoria's Secret, Adidas and Under Armour also topped the list.
Mexican retail brand manager Grupo Axo has revived plans for an IPO of up to 3 billion pesos (£122 million) that was put on ice in November over fears of a fallout from Donald Trump's U.S. presidential win.
H&M has opened its largest store in the UK and Ireland, a 5,070 sq mt multi-storey space at Westfield shopping centre in Stratford, London. The new flagship is also one of the largest in H&M’s global portfolio.
The popular fashion designer will design a capsule collection of home decor for Pottery Barn’s young adult brand, PBteen. The Anna Sui Capsule Home Décor Collection will be available online and in stores the fall.