Phil Wahba on Muck Rack

Phil Wahba Verified

New York by way of Montréal
Reporter, — Fortune

I cover retail and consumer goods for @FortuneMagazine. Reuters alum. Obsessed with 26.2, Def Leppard, Canadiens.

Gap's Piperlime is history as company looks to fix its bigger brands — Gap Inc is dropping its small Piperlime online brand so the apparel maker and retailer can focus on fixing the problems bedeviling its much bigger namesake and Banana Republic brands. Piperlime, which Gap founded in 2006 as a rival to's, sold shoes, clothing and accessories via e-commerce and through a store in New York's SoHo district.

UPS messes up its holiday season planning. Again. — United Parcel Service just can't seem to get it right when it comes to planning for the holidays. The world's largest delivery company reported on Friday what it called "disappointing" preliminary quarterly financial results, the effect of adding too much extra firepower for the 2014 holiday season to avoid a repeat of the 2013 debacle.

J.C. Penney's closing dozens of stores again. That's great news. — J.C. Penney said on Thursday that it plans to close another 39 stores in 2015, bringing its fleet down to some 1,020 locations and shuttering dozens of stores for the second year in a row.

J.C. Penney's holiday sales stir hopes recovery is back on track — Is J.C. Penney's turnaround back on track? Its holiday sales performance would suggest so. The department store chain reported comparable sales rose 3.7% in November and December, news that sent the retailer's shares up 20% to $7.81 in after-hours trading on Tuesday.

Coach-Stuart Weitzman deal: Why Wall Street has reservations — Coach announced on Tuesday that it was buying the fast-growing Stuart Weitzman luxury shoe brand for $574 million, a move designed to give the handbag maker a bigger toehold in upscale footwear, more fashion credibility and more of a presence in Europe.

Amazon ships about 5 billion items in 2014 — got a much needed helping hand last year from outsiders: the third-party merchants that list their items on the e-commerce giant's web site. Those sellers sold 2 billion on last year, double the number in 2013, a bright spot for Amazon as it faces growing concerns about its slowing growth rates and its ability to generate profits.

2014 was a year full of turmoil in retail, with many CEO changes. — What a year it's been in the world of retail. Activists took aim at plenty of companies (hello PetSmart, eBay and Family Dollar), major retailers announced CEO changes (J.C.

Super Saturday weekend saw shoppers spend $41 billion, which was ok. — U.S. shoppers finally showed up to spend some money over the last couple of days, the final weekend before Christmas that can make or break many retailers' holiday sales. But they didn't spend quite enough to turn a so-so season into a strong one.

Walgreen CEO Greg Wasson will leave after Alliance Boots deal — Walgreen CEO Greg Wasson will leave the drugstore chain after its proposed merger with European peer Alliance Boots closes, in a complete reversal of the company's earlier plan in August that called for Wasson to lead the combined company.

Walmart US COO Gisel Ruiz out, 2nd major executive to leave — First it was the chief merchant. Now it's the operations chief. Walmart U.S., Wal-Mart Stores's $279-billion-a-year domestic division, announced that Chief Operating Officer Gisel Ruiz would be leaving to go to Walmart International, and be replaced immediately by Judith McKenna, a 20-year Wal-Mart veteran who most recently served as chief development officer for Walmart U.S.
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Jan 25, 2015

@NotifyNYC: Correction: Winter Storm Watch in effect from 1/26, 1PM to 1/28, 12AM. 10-14" of snow expected. Info:”

Jan 24, 2015

RT @ianbremmer: France saw as many anti-Muslim incidents in January (128) as all of 2014 (133). (AP)

Jan 24, 2015

@NWSNewYorkNY:Here is some information regarding the potential major winter storm early next wk.” yes! #Snowmageddon

Jan 24, 2015

Histoire de notre accent %7C Le Devoir… fascinating piece on how the Québécois accent emerged. J'ai le mal de pays!

Jan 24, 2015

18 years in NYC and only now have I gotten around to eating at Barney Greenhouse. Delish lox bagel and chopped herring on rye. Mmm.

Jan 24, 2015

RT @NHL: OFFICIAL: The 2016 @Bridgestone #WinterClassic to be in Foxborough, MA at Gillette Stadium with @NHLBruins vs. @CanadiensMTL on Jan 1, 2016

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