L Brands reported a better-than-expected first-quarter with gains across both its businesses as it prepares to spin off the brands into two separate companies.
Malls reinventing themselves as mixed-use centers are finding that the conversions bring them higher rents for residential and office space—as well as retail.
Target Corp. had a record-breaking first quarter, with market share gains of $1 billion as shoppers flocked to its stores and sales of its owned-brands continued to surge.
Macy’s outperformed expectations across all three of its brands — Macy’s, Bloomingdale’s and Bluemercury — and swung to a profit in the first quarter as shoppers returned to its stores.