Phil Wahba, Fortune

Phil Wahba


New York, NY, United States

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Recent articles by Phil:

Starbucks To Close 150 U.S. Stores as Sales Growth Underwhelms

Starbucks is closing 150 U.S. stores next year as it looks to spur sales growth. → Read More

CVS Launches Drug Delivery Nationwide as Amazon Threat Looms

CVS is launching delivery of prescription drugs across the U.S. in a move likely aimed at pre-empting Amazon's potential market entry. → Read More

J.Crew Names New Design Chief to Turnaround Struggling Brand

J.Crew has hired a designer famed for her work at West Elm and Anthropologie to fix its namesake brand. → Read More

Walgreens to Open Senior Care Centers With Humana

Walgreens said it will to open some senior health clinics with Humana, the latest sign of how drugstores are turning into health hubs. → Read More

Macy's Investment in Tech Startup b8ta Shows It's Serious About a Turnaround

Macy's has taken a stake in b8ta, a Silicon Valley startup, in a sign of how serious it is about overhauling its business model. → Read More

Lord & Taylor Is Closing 10 Stores Including Its Fifth Avenue Flagship

The department store chain Lord & Taylor is closing 20% of its stores as its parent company's financial results worsen. → Read More

Walmart Selling Majority Stake of Brazil Business in Latest International Shakeup

Walmart has announced another big deal to reshape its international business, saying it was selling most of its Brazil unit. → Read More

Vacation, G7-Style

A Quebecois guide to foreign policy, piste, and poutine. → Read More

Why Nordstrom Is Betting on High-Touch Tech

No department-store chain has embraced technology more aggressively. But will that strategy keep shoppers coming back? → Read More

Best Buy Is Showing How Retailers Can Keep Amazon At Bay

But the costs of containing Amazon are taking a toll. → Read More

Ralph Lauren Says He Likes His New CEO and Shares Jump 14%

Ralph Lauren CEO Patrice Louvet won kudos on Wednesday not only from Ralph Lauren but also from a Wall Street impressed by improving sales. → Read More

Target Is Holding Its Own Against Amazon At a Cost That Is Spooking Wall Street

Target on Wednesday reported strong online and in-store quarterly sales growth that show its efforts to ward off competition. → Read More

Tiffany's $1,000 Tin Cans Are Renewing Shopper Interest in the Jeweler

Tiffany reported much better than expected quarterly sales results, with business fueled by a new line of quirkier products. → Read More

J.C. Penney CEO Jumps Ship for Lowe's, Igniting New Crisis for the Department Store

J.C. Penney CEO Marvin Ellison has abruptly resigned to take the reins of Lowe's, plunging the department store chain into a new crisis. → Read More

Saks Fifth Avenue's Beauty Business Gets a Big Makeover

Saks moves beauty department to second floor in bid to revamp business. → Read More

Walmart U.S. Sales Beat Forecasts as E-Commerce Sales Get Back on Track

The news came as a relief to investors, who sent shares up 1.4% in premarket trading. → Read More

J.C. Penney Stock Plunges After Awful First Quarter Sales

It cut its profit forecast, unnerving Wall Street and sending shares down almost 15% in premarket. → Read More

Macy's Shares Jump on Signs That a Turnaround Is Working

The department store chain's sales rose much more than expected. → Read More

Home Depot Can Blame a Long Winter For a Rare Miss With Wall Street

Home Depot blames long winter for disappointing sales, but business has quickly perked back up with the warmer weather. → Read More

Sears Deepens Amazon Partnership With Tire Installations

Sears to offer tire installation services for Amazon orders, hoping to boost its stores revenue and visits. → Read More