Phil Wahba

(Reuters) - Macy's Inc reported an unexpected decline in sales on Wednesday and blamed hesitation by consumers to spend on non-essentials, leading to deeper markdowns and a disappointing profit. Shares...

(Reuters) - Hedge fund billionaire Bill Ackman's two-year campaign to transform department store J.C. Penney came to an abrupt end on Tuesday with his decision to step down from the...

(Reuters) - Retailers reported higher sales for July, but they relied heavily on discounts to lure cost-conscious shoppers who have remained frugal so far during the crucial back-to-school season. Eleven...

NEW YORK (Reuters) - Low-price retailer T.J. Maxx plans to open an online store this year, as does rival Saks Inc's Off Fifth outlets, making 2013 the year technology may...

NEW YORK/TORONTO (Reuters) - Richard Baker is doubling down on his attempt to revive big-name department stores with a $2.4 billion bid to buy Saks Inc, bringing the New York...

(Reuters) - Nike Inc on Thursday posted a higher quarterly profit and said advance orders for its clothes and shoes had jumped, particularly in North America. Shares were up 3.2...