Phil Wahba
Fortune
New York, NY, United States
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Recent articles by Phil:
Macy's President Leaves as Company's Troubles Mount
The department store chain is losing a key executive at a time sales are in decline. → Read More
Shoppers Spent $69 Billion Over Black Friday Weekend
It was a blockbuster weekend for retail with chains like Target and Walmart booming, but department stores and clothing chains had a harder time. → Read More
Black Friday Weekend Will Deepen the Divide Between Retail's Winners and Losers
Black Friday kicks off the biggest shopping weekend of the year, but retailers that haven't been strong in 2019 aren't expected to turn things around. → Read More
Best Buy Stock Hits All-Time High on Strong Pre-Holiday Season Results
The chain once thought to be mortally threatened by Amazon is poised to be a big winner this holiday season. → Read More
LVMH's Big Bet on Restoring Tiffany's Luxury Image
The New York jeweler has better chances of becoming a true luxury brand under LVMH's aegis. → Read More
Macy's Business Is Struggling Despite Many Rescue Attempts
The department store chain is working hard to reinvent itself but the efforts are nowhere near paying off. → Read More
Target Earnings: TGT Shares Jump On Strong Sales Results
The discount chain reported another strong quarter and boosted its profit forecast as it continued to take market share from department stores. → Read More
Kohl's Stock Plunges As Discounts Demolish Profits
The chain says it needs to be price competitive to win customers coming to its stores for Amazon returns. → Read More
Kylie Jenner Sells Controlling Stake In Company for $1.2 Billion
The beauty mogul will continue to develop new products and control the creative aspects while Coty provides the business muscle. → Read More
How President of Nike Direct Plans to Boost Tech to Grow Sales at Flagship Stores
Nike is putting technology and its innovative flagship stores to work to build a big lead in retail instead of relying on department stores. → Read More
Walmart's CEO Wants Its Online Strength To Go Beyond Grocery
The discount retailer's online growth hits 41% but the CEO says its non-grocery business is wanting. → Read More
Shoptalk's Speaker Line Up Goes Women Only in 2020
Leading retail conference Shoptalk says its all women speaker lineup aims to address female underrepresentation at trade shows. → Read More
Kohl's Black Friday Kicks Off Extra Early—Nov. 7—and Features an Exclusive Olsen Twins Line
After a weak start to the year, the department store is betting on an early start to Black Friday, new merchandise lines, and a partnership with Amazon to drive sales. → Read More
How the New Tapestry CEO Plans to Brighten Up the Fading Kate Spade Brand
The iconic handbag brand is taking much longer to turn around than expected. → Read More
J.C. Penney's New Retail Lab Is at the Center of CEO Jill Soltau's Turnaround Plans
The department store chain has unveiled a store to test new services including a yoga studio, barber shop, and lounges hoping to end its downward spiral. → Read More
Bankrupt Barneys New York Will Continue as an In-Store Shop at Saks
The Barneys New York flagship will be turned into a pop-up retail and event space. → Read More
ShopRunner Adds Apple Pay to Checkout Process to Challenge Amazon Prime
Execs at ShopRunner, a service that gives consumers free two-day shipping at 140 retailers, believe the partnership will help them pull in more customers and retail partners. → Read More
Stitch Fix Is Diving Deep Into Data for a More Tailored Experience It Hopes Can Stand Up to Amazon
CEO Katrina Lake says the company is laying the groundwork for growth as it improves its algorithms and crunches more data than ever before. → Read More
How HBC's CEO Is Trying Win Canadians Back to Hudson's Bay
The Canadian retailer is replacing weak brands with hipper ones to get back to growth. → Read More
LVMH Makes $14.5 Billion Big for Tiffany
Wall Street expects the French luxe group to raise its bid for the New York jeweler by a lot. → Read More