Phil Wahba on Muck Rack

Phil Wahba Verified

New York by way of Montreal
Reporter, — Fortune
Is this you? Contact us to edit this page

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.
More Articles →
Oct 23, 2014

@ChristieNic as if we didn't have enough to worry about as it is

Oct 23, 2014

RT @susannecraig: Ebola patient went to the High Line and a restaurant along the way. And bowling. Sounds like he didn't self isolate.

Oct 23, 2014

RT @NYCMayorsOffice: "Being on the same subway car, or living near a person with Ebola does not itself put someone at risk." - Mayor @BilldeBlasio.

Oct 23, 2014

@sbanjo: Think H&M is cheap? Primark, headed to the U.S., says it’s cheaper @WSJ” I wonder. Joe Fresh kinda fizzled

Oct 23, 2014

@FortuneMagazine: The tech exec who's trying to destroy Ebola” well he better come visit NYC then

Oct 23, 2014

Apple’s ex-retail chief’s startup to offer Web shoppers product help via @WSJ ex JCP CEO finally talks abt new plans

Oct 23, 2014

@CFair1 @ben_geier it was a matter of time before this showed in NYC. But as my Queen would say, Keep Calm and Carry On.

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