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.

Neiman Marcus CEO on how organizational change is fueling e-commerce — Neiman Marcus is a glamorous name known for $10,000 designer evening gowns and luxury department stores displaying thousands of pieces of valuable art. Yet the 107-year-old retailer has turned to something quite less sexy to stay chic in a 21st century way: a major organizational change this year to how its stores and e-commerce teams interact.

Retailers will lose billions to return fraud this holiday season — In a week from now, disappointed Christmas revelers across the United States will start heading back out to stores to return items like the hideous sweater Aunt Martha gave them for something they really want: cash or another item. It's a timeless tradition that is part and parcel of the way Americans celebrate the holidays.

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.

McDonald's hopes simpler is better with its menu — McDonald's is going to dramatically simplify its menu next month as a major part of its strategy to halt a U.S. sales slide that has gotten worse of late.

Abercrombie CEO exit only latest among big changes in retail industry — It's not your imagination. There has been more turnover in retail's highest ranks in 2014, and the departure of Abercrombie & Fitch's longtime CEO Mike Jeffries on Tuesday after years of sales declines at the teen clothing retailer is only the latest example. Indeed, outplacement firm Challenger, Gray, & Christmas has found an increase in U.S.

Amway Chairman Steve Van Andel defends direct selling — Amway surpassed Avon Products in 2012 to become the world's largest direct-selling company, thanks to a steady, drama-free international expansion over the years into key markets like China, a bigger focus on nutrition products, which are less prone to sales fluctuations than beauty products, and the ability to attract and keep sales representatives (whom Amway calls ABOs, for 'Amway Business Owners,' and who now number 3 million.)

PepsiCo CEO says staying as one big co gives it clout with Wal-Mart — Some might argue that the snack and beverage company is a lumbering giant that would benefit from splitting itself in two. But CEO Indra Nooyi argues that the company's broad portfolio of products and size gives it serious clout with retailers desperate to bring shoppers into their stores.

Richard Branson's Virgin takes on the cruise industry with Bain's help — Virgin Group, the investment vehicle of colorful British entrepreneur Richard Branson, is taking to the high seas, promising to upend the cruising industry with a cruise line business. Virgin Cruises, with the backing of lead investment partner Bain Capital, will design and construct two new world-class ships with the goal of modernizing what customers expect from a cruise.

Microsoft to exit stake in Nook, sell shares to Barnes & Noble — After more than two and a half years, Barnes & Noble and Microsoft are ending their partnership in the money-losing e-reader and tablet Nook business the bookseller has dramatically scaled back in the last year.
More Articles →
Dec 21, 2014

@jeffshelman not enough time. Too bad esp since they're demolishing most teams in their path this season (though not the Wild. Grrrr)

Dec 20, 2014

RT @andylocal: NYPD releases photos of slain officers Wenjian Liu, 32, and Rafael Ramos, 40.

Dec 20, 2014

RT @justin_fenton: Baltimore County police faxed a warning flier to NYPD abt the shooter, because of his ties to Brooklyn area. Came in same time as shooting

Dec 20, 2014

2 NYPD cops shot dead 'execution style' as 'revenge' for Garner this is heartbreaking- @nypost has details on gunman

Dec 20, 2014

RT @FortuneMagazine: I work at Sony Pictures. This is what it was like after we got hacked.

Dec 20, 2014

@nytimes: Having a “beer belly” significantly increases the risk for sudden cardiac death, a new study has found

Dec 20, 2014

@WendyLiebmann I was waiting for discounts ;-) (actually too busy and trying to just be in stores when I HAVE to, ie for work, and not more)

Dec 20, 2014

@FortuneMagazine: .@GameStop CFO: 'We're a very scrappy retailer'” told me why he's not worried about Walmart $wmt

Learn how to connect with Phil on social media by joining Muck Rack Pro

Are You a Journalist?

Make a Portfolio

Create a free Muck Rack account to customize your profile and upload a portfolio of your best work.

Share This Profile