Phil Wahba on Muck Rack

Phil Wahba Verified

New York by way of Montreal
Reporter, — Fortune
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I cover retail and consumer goods for @FortuneMagazine. Reuters alum. Obsessed with 26.2, Def Leppard, Canadiens.

Target puts focus back on 'cheap-chic' with eye on winning back holiday shoppers — Target is bringing its 'Tar-zhay' ethos back to the fore for the upcoming holiday season. The discount retailer is focusing more on designer collaborations, exclusive toys and upping its e-commerce game to make sure it gets its share of sales in what promises to be another bruising holiday season.

McDonald's lays out fix for deepening sales decline — Another quarter, another terrible set of results from McDonald's . And the company thinks focusing on food quality and digital payments is the trick to shaking its longstanding doldrums. The world's largest restaurant chain by revenue reported on Monda y that comparable sales last quarter fell 3.3% (worse than the 3% drop analysts expected, according to Consensus Matrix) and that profit fell 28%, with trouble in every single major market.

Chipotle co-CEO rips into fast-food rivals, slams their "short-sighted" strategies — Chipotle Mexican Grill said on Monday that same-restaurant sales rose 19.8% last quarter, which is probably why co-CEO Steve Ells felt confident enough to accuse rival fast-food chains of trading quality for cost savings and creating their own problems by making "short-sighted" decisions.

As Sears shrinks, it takes on a new role: Landlord — Sears Holdings' efforts to fix its finances have led it to adopt a new role: landlord to other retailers. The struggling department store chain, which has made some big moves lately to raise hundreds of millions in cash, is leasing space at seven of its most desirable locations to up-and-coming British retailer Primark as that low-price, fast fashion chain looks to expand outside of Europe with its first U.S.

Activist investor: Family Dollar missed chance to stoke a bidding war — Family Dollar Stores' board is facing the ire of a major investor who claims it didn't try hard enough to get top dollar as two bigger rivals made competitive takeover bids this summer.

Samsonite revives classic U.S. luggage brand Hartmann with eye on luxury market — Samsonite thinks it has found the formula for grabbing a share of the growing luxury luggage market. First, take a classic but dusty U.S. brand favored by dapper pop culture icons like Don Draper and James Bond (not to mention a late president or two).

Wal-Mart trims outlook with holidays just around the corner — Wal-Mart Stores spent the day telling investors about how it will jumpstart its U.S. comparable store sales, which have been flat for six straight quarters. But after describing its big investments in e-commerce and plans to build more small-format Neighborhood Market grocery stores, Wal-Mart had some of bad news: the company lowered its sales forecast for the rest of the fiscal year.

Wal-Mart CEO says 'no excuse' for weak U.S. growth, lays out fix-it plan — Wal-Mart Stores CEO Doug McMillon is apparently growing tired of the discount retailer's ongoing U.S. doldrums. And on Wednesday, he laid out his plan to fix it.

Ulta Beauty's CEO on how she plans to keep up its explosive growth — Not many retailers have been spared from having to close stores in these years of consumer doldrums and exploding e-commerce. Yet, not only has Ulta Beauty bucked that trend, but on the contrary, the beauty store chain has been aggressively increasing its store fleet: the retailer now has about 715 shops, more than double the number five years ago, with plans to reach 1,200 locations in another five years.

Signet and Zale tie the knot, create mall-based jewelry giant — Two largest U.S. mid-tier jewelers now part of same company. By Phil Wahba FORTUNE -- After a three-month engagement, it's official: Signet Jewelers ( SIG) and Zale ( ZLC) got hitched on Thursday in a $690 million deal that brings the two largest U.S.
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Oct 21, 2014

@CanadiensMTL: Marque finale / Final score: Canadiens 2, Red Wings 1 #GoHabsGo” Habs now 6-1 this year! @LianaBaker

Oct 21, 2014

@CanadiensMTL: Après 60 minutes / After 60 minutes: Canadiens 1, Red Wings 1 #GoHabsGo” what a game!

Oct 21, 2014

RT @womensweardaily: Kering has tapped Bottega Veneta executive Gianluca Flore as Brioni’s new chief executive officer [SUB REQ.]:

Oct 21, 2014

@FortuneMagazine: Warren Buffett’s having a rough week — and it’s only Tuesday” poor dear

Oct 21, 2014

RT @DelRey: For those troubled by only being able to purchase 1 product at time in Target app using Apple Pay, company says update w/in month will fix

Oct 21, 2014

RT @washingtonpost: Ben Bradlee: "There is nothing like daily journalism! Best damn job in the world!"

Oct 21, 2014

20% of Target's toy selection this xmas is excl vs 3% last year execs incl CEO spoke to me abt holiday plans $TGT

Oct 21, 2014

Target trying to get its cheap chic magic back for the holidays—free shipping, more exclusives @FortuneMagazine

Oct 21, 2014

RT @ADInnocenzio: Exclusive: Toys R Us pulls "Breaking Bad" dolls from shelves,website. #toysrus

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