Moose Knuckles plans first North American flagship store The hipster parka brand is due to open its first North American flagship in October at Toronto's Yorkdale Shopping Center. Creative director Steph Hoff said: "Toronto is such a part of today's music and arts scene. It just made sense." Read more.

L Brands records net sales of $2.8bn for the second quarter The owner of Victoria's Secret and Bath & Body Works said that comparable store sales, which measures sales at stores open for at least 12 months, declined by 8% in the quarter. Read more.

Pat McGrath Labs to expand with core collection launch Founder and CEO Pat McGrath will next month launch an "unlimited" core collection of colour cosmetics under her Pat McGrath Labs label - a first for the brand. She said the new line will offer a clear "point of difference" with other cosmetic brands. Read more.

Coach nearly doubles its quarterly net profits The New York-based handbag maker posted net income of $151.7m in the three months to July, up from $81.5m a year earlier. Total net sales fell to $1.13bn from $1.15bn, due in part to the brand's exit from many department stores. Read more.

Hermès targets millennials with new fragrance brand The new brand, Twilly d’Hermès, was created by the company's perfumer Christine Nagel. The fragrance will be sold in most international markets from the end of this month and is expected to make €25m in first-year wholesale revenues worldwide. Read more.

Matchesfashion to open new creative hub in East London The luxury fashion retailer has signed a lease for a 24,000 sq ft unit at Here East, the former media centre for the London Olympic Games. The centre will act as a content creation hub for Matchesfashion and its 450 brand partners. Read more.