Phil Wahba
Fortune
New York, NY, United States
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Recent articles by Phil:
Walmart Reports Stellar U.S. Results Under Cloud of Gun Debate
Walmart posts strong U.S. second quarter 2019 revenue, taking market share and building online sales, as it's pulled into the gun debate after the El Paso Walmart shooting. Walmart says it sells 2% of America's firearms. → Read More
Macy’s Stock Tanks as Old Problems Prove Intractable
Wall Street is losing faith that Macy's can pull off a long-awaited comeback. → Read More
Barneys’ Bankruptcy Shows Dangers of Luxe Department Store Expansions
Barneys will become a much leaner retailer, key to its long-term survival, as a niche player focused on true luxury emporia—and not held back by poor stores that consumers don't want anyway. → Read More
How Etsy Crafted an E-Commerce Comeback, From Search to Shipping
To survive competition from e-commerce giants, the handmade-goods retailer had to persuade its quirky community to get just a teensy bit corporate. → Read More
E-Bike Sales Are Putting a Charge in the Fortunes of Bikemakers
The latest trend on two wheels marks a new era for the bike industry. Every few years, a new sensation comes to the rescue of a beleaguered U.S. bicycle industry. In the 1970s, 10-speed bikes from Europe sparked a boom stateside. A decade later, mountain bikes renewed the business. A few years after that, American […] → Read More
Stitch Fix Is Testing New Ways To Generate Revenue
Stitch Fix CEO Katrina Lake thinks people are overwhelmed with choice when shopping for clothes, a trend that will fuel her company's growth. → Read More
Walmart Says Stores Give It An Edge Over Amazon
Walmart CEO Doug McMillon says the chain's stores give it a big edge over Amazon. → Read More
Etsy Will Start Pushing Sellers To Include Free Shipping
The perk is standard at many e-commerce rivals, but it can be hard to find on the handmade-goods site. → Read More
Why Barnes & Noble May Soon Be Like the Local Bookstores It Killed
Can the soon-to-be private bookseller turn the page with smaller stores? → Read More
Why Barnes & Noble May Soon Look Like the Local Bookstores It Killed Off
Can the soon-to-be private bookseller turn the page? → Read More
Walmart Is Almost Ready to Deliver Groceries When You're Not Home
Walmart said on Friday it is launching grocery delivery into customers' homes in three cities starting in the fall. → Read More
Michaels Offers Fresh Lessons in Perils of Being a Retail Tech Laggard
The arts and crafts retailer has learned: Customers don't always want to touch things before they buy. → Read More
Michaels Offers Fresh Lessons in Perils of Being a Retail Tech Laggard
Michaels Stores on Thursday reported dismal first-quarter results and continues to pay a high price for being late to e-commerce. → Read More
Why Can’t Drugstores Quit Cigarettes?
Rite Aid and Walgreens have raised the age to buy tobacco to 21, but why are they still selling it at all? → Read More
Target reports strong quarterly sales as it breaks from retail's pack
The discount chain's e-commerce and stores are in sync, while new house brands are wildly popular. → Read More
Making Billions at the Dollar Store
Dollar General has relied on a crafty mix of 7-Eleven-like convenience and Walmart-like low prices to become a retail giant. How much bigger can it get? → Read More
Making Billions at the Dollar Store
The boxy, brick-fronted shop in the town square of Scottsville, Ky. (population: 4,500), is one of the oldest stores in the chain—and it looks its age. The aisles are cluttered; the ceilings are low; the lights are dim. There are rows of plastic storage containers, towers of paper towels, and fridges full of frozen pizzas—the […] → Read More
What Kohl's Awful Numbers Tell Us About J.C. Penney's Prospects
J.C. Penney on Tuesday reported another dismal quarter and its turnaround will be hard to pull off with fewer resources than Kohl's. → Read More
Sears’ Seven Decades of Self-Destruction
The kindest media attention Sears has attracted in years arrived in April, when the company announced it was opening three small stores. “The start of a new Sears era? The retailer announces openings, not closings,” read USA Today’s hopeful headline, which echoed others nationwide. But viewed through a longer lens, the coverage was more pathetic […] → Read More
Sears Could’ve Been Amazon. Here’s How It Blew Its Chances
Fifty years ago, Sears was an economic dynamo, as dominant in retail as Amazon and Walmart are today. In 1969, Sears sales alone accounted for 1% of the entire U.S. economy, and two-thirds of Americans shopped there in any given quarter. Even 30 years ago, it was America’s largest retailer by a significant margin. Those […] → Read More