Phil Wahba on Muck Rack

Phil Wahba Verified

New York by way of Montreal
Reporter, — Fortune

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

Macy's, Target CEO's, other executives weigh in on Black Friday so far — Now that the first big burst of Black Friday weekend shopping is done, we thought we'd check in with some top executives and analysts in the retail industry to get an early read on things so far. The weekend is expected to generate sales of $50 billion and some 140 million Americans are expected to hit the stores.

Black Friday: These 10 retailers need to do well — The so-called "Super Bowl" of retail is finally upon us. On Thursday afternoon, major U.S. retailers will kick off the annual shopping bonanza known as Black Friday, a weekend expected to generate $50 billion in sales.

Target Black Friday: How a store gets ready for the madness — When you show up at your favorite store on Thanksgiving night looking for that big deal on a smart TV, you will probably be too busy to think about all the work-and science-that went into prepping the place, from putting up signage, to laying out and replenishing the merchandise, to establishing safety protocols.

Here's a graphic showing the jump in discounting this holiday season — It's not your imagination. Holiday shopping deals have come faster and more furiously so far this holiday season compared to last year, particularly in the days before the Black Friday frenzy. While the National Retail Federation still thinks holiday season sales will rise a respectable 4.1%, retailers are fighting tooth and nail for every sale in an unforgiving retail environment.

Rich Americans come to Tiffany's rescue — Tiffany & Co reported an 11% jump increase in comparable sales in the Americas last quarter, helping it mitigate poor sales in Asia, where its business got dinged by protests in Hong Kong. For all its (successful) efforts to expand internationally in recent years, Tiffany can thank its erstwhile customers for a stellar quarter: wealthy Americans, particularly New Yorkers.

Nordstrom's fitting getting a lot smarter with eBay technology — Imagine you are in a changing room at a Nordstrom store trying on some clothes . You are looking for shoes to complete the look, or want to read product reviews, or maybe just summon an associate to bring you an item in a different color or size, rather than have to get decent again and go back out to the store floor (if you even decide not to leave).

Best Buy goes all-in with smart home devices in bid to keep momentum — More and more Americans want to be able to dim their outside Christmas lights without having to leave the comfort of a warm bed. Or control their home's air conditioning from the office. Or maybe just set up a puppy cam to keep a eye on Fido and to entertain friends online.

National Retail Federation on holiday outlook, shopper mood & breaches — With the holiday season now in full swing, retailers are waging a fierce battle with one another to win customers as finicky and price conscious as ever. The National Retail Federation has forecast sales for the season will rise 4.1%, the fastest clip since the recession.

Banana Republic, Gap brands get new bosses — Gap Inc is replacing the executives overseeing its Gap and Banana Republic brands in what is the first big moves by incoming CEO Art Peck to re-energize sales at the two flagship clothing chains. Jeff Kirwan, the executive who led Gap's expansion in China, will become president next month of the Gap brand globally, a...

Best Buy's surprise U.S. sales increase — Best Buy pleasantly surprised Wall Street on Thursday with an unexpected rise in U.S. comparable sales, and gave the broad outlines of its longer term plans to keep that momentum going in what it warned is still an intensely competitive consumer electronics industry. The retailer's shares jumped 9% premarket after it reported U.S.
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Nov 28, 2014

@FortuneMagazine: A story of how Black Friday invaded the U.K. without Thanksgiving’s help” also took hold in Canada

Nov 28, 2014

RT @FortuneMagazine: How's Black Friday going? Fortune talked to some top retail CEOs and analysts to find out

Nov 28, 2014

RT @DelRey: Still waiting for details on what caused spike in mobile web traffic that Best Buy couldn't handle, but rep says "It was not a DDOS attack"

Nov 28, 2014

RT @AGSchneiderman: As we kick off #holiday shopping, please consider the injustice against workers helping you w/ purchases @NYDailyNews

Nov 28, 2014

Taking a 48 hr break from retail coverage to go run a #marathon in rural Maryland. Finally, some relaxation time ;-)

Nov 28, 2014

@DelRey ha! Well they all sounded notes of caution to be fair.

Nov 28, 2014

Macy's, Target CEOs tell us what they think of Black Friday weekend so far via $m $tgt $wmt @FortuneMagazine

Nov 28, 2014

RT @candicechoi: "Walmart, Walmart, you're no good! Treat your workers like you should!" - protests for $15/hr; Best Buy site back up…

Nov 28, 2014

Best Buy's website goes down on Black Friday via @FortuneMagazine finally back up but what timing! $bby @johnnerkell

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