Phil Wahba on Muck Rack

Phil Wahba Verified

New York by way of Montréal
Retail and Consumer Goods Reporter — Fortune

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

Amazon waives same-day delivery fees for Prime members

fortune.com — Retail's delivery wars are about to get hotter. Amazon.com on Thursday started offering free same-day delivery in certain cities to members of its Prime subscription service. It's the latest volley by a retailer looking to one-up rivals with ever-faster and ever-cheaper service.

Tiffany & Co's grab for high-end sales is paying off

fortune.com — Wooing the wealthiest Americans is starting to pay off for Tiffany & Co . The New York luxury jeweler reported better-than-expected quarterly results on Wednesday. One of the biggest reasons why: Wealthy U.S. shoppers snapped up its priciest jewelry. That helped Tiffany offset the effects of a strong dollar on sales to tourists in U.S.

Michael Kors is falling out of fashion

fortune.com — When you're a red-hot aspirational luxury brand, it's tempting to capitalize on the moment with aggressive expansion plans and a broader assortment of products to become a so-called "lifestyle" brand. But that strategy eventually and inevitably leads to brand fatigue, as Michael Kors - the brand whose founder rose to cultural ubiquity a few years ago on TV's Project Runway - is learning the hard way.

Walmart gives new guidelines on antibiotics, animal treatment

fortune.com — Walmart, the biggest U.S. grocer, has given its food suppliers a clear message: Use fewer antibiotics in farm animals and treat them humanely. The largest U.S. retailer, which sells $150 billion or so worth of food a year to consumers, laid out on Friday what it expects from suppliers.

Shopping by text: Nordstrom raises the ante in e-commerce wars

fortune.com — Beware shopping addicts, Nordstrom has launched a new tech tool aimed at enabling your overspending. The upscale department store earlier this week launched TextStyle, a new text messaging service that allows customers to make purchases via text based on a recommendations sent over the phone by a favorite salesperson or personal shopper.

Lumber Liquidators CEO abruptly quits, amid lawsuits, federal probe

fortune.com — Lumber Liquidators Holdings Chief Executive Bob Lynch has abruptly resigned, creating even more turmoil at the discount hardwood flooring retailer as it faces a federal probe into the safety of its products and dozens of lawsuits.

Apple's iPhone 6 Helps Boost Best Buy Earnings

fortune.com — Best Buy pulled another rabbit out of its hat, this time in large part courtesy of Apple's iPhone 6. The retailer, which many analysts have written off as a relic destined to disappear, keeps coming back with strong results, somehow maintaining its appeal with shoppers who could easily buy its electronics on line.

Kohl's testing discount-store concept

fortune.com — Kohl's is about to try its hand at "off-price" retail, becoming the latest retail chain to open an outlet store to lift sales and profits. The department store will open a single 30,000 square-foot store in Cherry Hill, N.J., near Philadelphia, in June that will be stocked with "like-new" clothes, accessories, and home goods returned to Kohl's stores or its e-commerce site.

Target's upscale ambitions

time.com — Target [fortune-stock symbol="TGT"] reported better first-quarter results than Walmart [fortune-stock symbol="WMT"], showing that its effort to get its "Tar-zhay" aura back is working. Since Brian Cornell became CEO last year, the retailer has been looking to better cater to middle-class and upper-middle-class shoppers by borrowing some moves from the department store playbook.

Target's upscale ambitions - Fortune

fortune.com — Target reported better first-quarter results than Walmart , showing that its effort to get its "Tar-zhay" aura back is working. Since Brian Cornell became CEO last year, the retailer has been looking to better cater to middle-class and upper-middle-class shoppers by borrowing some moves from the department store playbook.
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May 28, 2015

RT @markgongloff: I HAD 27,000 RISK MANAGERS, says Dick Fuld - guess they needed 28,000

May 28, 2015

RT @stephengandel: Fuld now blaming the financial crisis on the government and borrowers.

May 28, 2015

RT @moorehn: That's not risk management. That's people willing to lie to protect their personal financial standing. twitter.com/ldelevingne/st…

May 28, 2015

Target CEO would 'love' to have Apple Pay @FortuneMagazine for.tn/1LMlQNt $TGT doesn't it seem silly for anyone not to have it yet?

May 28, 2015

RT @TheStalwart: Here's something surprising. Today's Broadcom deal is the biggest pure tech deal in history. bloomberg.com/news/articles/…

May 28, 2015

$DG taps COO, ex chief merchant, as new CEO- Rick Dreiling oversaw enormous growth but failed to snag Family Dollar twitter.com/bw_retail/stat…

May 28, 2015

All the personal data that Verizon FiOS uses to keep you from canceling qz.com/413441/ by @sbanjo tempting to just become a recluse

May 28, 2015

Love it when cos say a trend is improving. A big decline is a big decline. $anf twitter.com/staceyretail/s…

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