Phil Wahba
Fortune
New York, NY, United States
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Recent articles by Phil:
COVID-19 testing is helping CVS Health win new customers. But can it keep them?
The drugstore chain has already administer 2 million COVID-19 tests. → Read More
Wayfair finally posts a profit thanks to COVID-19 shopping
The online furniture store won legions of new customers, but now the company has to keep them. → Read More
Ralph Lauren’s dismal quarter shows it remains too reliant on department stores
The fashion brand's online business growth was anemic during the lockdowns. → Read More
A running list of companies that have filed for bankruptcy during the coronavirus pandemic
A running list of major companies to file for Chapter 11 bankruptcy protection during the coronavirus pandemic and COVID-19 outbreaks. → Read More
Men’s Wearhouse and Jos. A. Bank parent company is the latest retailer to seek bankruptcy protection
Men just aren't in the market for suits right now. → Read More
Next Clorox boss will bring the number of Fortune 500 women CEOs to 38, highest yet
Linda Rendle has played a key role in Clorox's foray into wellness. → Read More
Neiman Marcus bows out of Manhattan, showing limits of NYC luxury market
The bankrupt luxury department store is only the latest to close in New York City. → Read More
Brooks sprints past the competition as the coronavirus turns more people into runners
Running shoe company Brooks is on its way to becoming a billion-dollar brand as more people start running amid the coronavirus. → Read More
Ann Taylor parent Ascena becomes latest retailer to seek bankruptcy protection
The mall-based clothing store operator buckled under a heavy debt and declining sales. → Read More
Walmart will be closed on Thanksgiving for first time in decades
No Black Friday doorbusters for Walmart Thanksgiving this year. → Read More
Tapestry's CEO is out, leaving 4 Black CEOs in the Fortune 500
The Tapestry CEO Jide Zeitlin will be replaced by the CFO Joanne Crevoiserat on an interim basis. → Read More
Malls are dying, but Nordstrom has no intention of being dragged down with them
Nordstrom now gets 38% of revenue now from its namesake department stores. Its online business and Nordstrom Rack stores generate most of its revenue. → Read More
Chipotle to hire 10,000 workers to expand mobile-order drive-thru
The company will set up more drive-thru 'Chipotlanes' to accommodate mobile-order only customers. → Read More
Best Buy will require shoppers to wear masks in all stores
On July 15, Best Buy will join the ranks of retailers like Costco, Apple, and Verizon that require shoppers to wear masks. → Read More
New York & Co parent company files for bankruptcy and closes hundreds of stores
The fashion retailer said it may close all of its stores. → Read More
Goodwill is updating the look of its stores to lift sales in resale market boom
The thrift stores are tapping into a desire for vintage, sustainable clothes. → Read More
Stock market: Albertsons' IPO prices well below its estimates
The grocery store company's IPO was much smaller than it hoped for. → Read More
Macy’s cutting another 20% of corporate jobs as coronavirus pummels sales
Macy's is looking to save $630 million a year as sales crater amid the coronavirus pandemic. → Read More
GNC is the latest retailer to file for bankruptcy, closing up to 1,200 stores
The vitamin chain will close as many as a quarter of its stores for now. → Read More
Macy’s trades big July 4 fireworks show for short, multi-day displays in concession to pandemic
The retailer found a way to salvage a marquee marketing event despite worries about social distancing. → Read More