Phil Wahba
Fortune
New York, NY, United States
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Recent articles by Phil:
Coronavirus store closings extended to April, May by many retail chains. When will they open?
Top chains like Coach, Abercrombie & Fitch and Nordstrom will keep stores closed longer as the coronavirus crisis gets worse. → Read More
Though coronavirus-driven uncertainty reigns, Lowe's CEO says business is holding up
The home improvement chain is getting a boost from people buying appliances but the CEO acknowledged that could change quickly. → Read More
How Nike is overcoming the coronavirus impact on its China business
The sportswear company's deft handling of the coronavirus' impact on sales in China has led to a quick comeback. → Read More
Target sales jump 20% as shoppers stock up to face coronavirus
The discount retailer has seen a surge in food sales but it still cut share buybacks and withdrew its financial forecasts because of volatility. → Read More
CVS and Dollar General are hiring 50,000 temps each
The retailers selling essentials during the coronavirus crisis are hiring en masse to gird for battle with competitors. → Read More
What Helena Foulkes learned about retail and leadership as CEO of HBC
The star executive cleaned up a big mess and focused on changing HBC's insular culture. → Read More
Coronavirus jobs: Walmart hiring 150,000 temp workers as pandemic boosts business
The discount chain's big online and store infrastructure are helping it win market share during the virus crisis. → Read More
Coronavirus pushes biggest U.S. mall developer to close all properties
The largest mall operator in the United States is closing its properties until the end of March, adding enormous pressure to an already-hobbled shopping center industry. → Read More
Why e-commerce won't save retailers from the impact of the coronavirus
Digital sales will spike during the coronavirus crisis but not enough to make up for massive in-store sales losses. → Read More
Coronavirus puts department stores and clothing chains in peril
Retailers that specialize in clothes and other items are facing an incredible challenge because of the coronavirus outbreak as consumers turn to stores that sell a wide assortment including food. → Read More
Nike and Apple lead ranks of retailers temporarily closing U.S. stores during coronavirus crisis
A host of retailers, large and small—Patagonia, Urban Outfitters, Warby Parker, Glossier, Everlane and Allbirds—among others made similar announcements. → Read More
Walmart, Target, CVS, and Walgreens will loan space for coronavirus test centers
Walmart, Target, CVS, and Walgreens, four of the biggest retailers in the U.S., will turn space over for coronavirus test centers. All four also stand to win business from the move. → Read More
Gap Inc pegs coronavirus losses at $100 million and counting
The apparel retailer stands to take a massive hit from the outbreak. → Read More
Dollar General remains bullish on 2020, coronavirus and all
Dollar General, with 16,278 stores in rural and suburban America, reported its 30th straight year of comparable sales growth. → Read More
New UPS CEO: Former Home Depot CFO Carol Tome
The nomination adds to the small but growing number of women CEOs in the Fortune 500. → Read More
Neiman Marcus is closing most Last Call stores
The luxury retailer is getting out of the discount store business, shuttering the majority of its Last Call outlets. → Read More
Old Navy chief Sonia Syngal named CEO of all of Gap Inc.
Sonia Syngal will become CEO of Old Navy's parent company Gap Inc., which also includes the Gap, Banana Republic, Athleta, Intermix, Hill City, and Janie and Jack brands. → Read More
Target's next frontier: Alcohol pickups and convenience stores
The discount retailer sees the potential for hundreds of very small neighborhood stores. → Read More
Home Depot renovated its holiday merchandising, and Black Friday sales followed
The chain's fourth-quarter results prove that outside-the-box-of-nails thinking pays off. → Read More
The coronavirus crisis is boosting sales at Bath & Body Works
The retailer is getting a boost from hand-sanitizer sales as it prepares to be a stand alone company. → Read More