Mass Merchant

The CEO of the Finish Line Inc. says the company is poised for consistent growth and increased profitability after posting an increase in same store sales in the first quarter.

The Finish Line Inc. said profit rose 11% in the first quarter ended May 30. Same store sales rose 5.5%.

New York -- It’s official: Toys “R” Us is moving out of Times Square and Gap is moving in, but not just with one store.

Gap is planning to open two separate flagships, one for its namesake brand the other for Old Navy, in the space now occupied by Toys “R” Us.

“We're pleased to confirm our plans to construct our newest Gap and Old Navy flagship stores in one of one of the world's most well-known locations – Times Square,” the company said.

Goodlettsville, Tenn. - Dollar General Corp. has promoted one of its finance executives to interim CFO.

The discounter named John W. Garratt as interim CFO effective July 1. He follows David Tehle, who had previously announced his retirement in March 2015.

Garratt, who is currently the senior VP of finance and strategy, will now oversee all aspects of the company’s financial, accounting and information technology operations until a new CFO is in place.

Walmart’s interpretation of EDLP and a desire to simplify operations with a uniform supplier agreement sparked confusion this week among those unfamiliar with the company’s business model.

The woman who put the “T” in Tarjay is stepping down from her role as chief merchandising officer and adding some uncertainty about the retailer’s direction under the leadership of chairman and CEO Brian Cornell.

Minneapolis -- The transformation of Target Corp. under the leadership of new CEO Brian Cornell continues with the departure of one of its top-ranking executives.

The company announced that Kathryn A. Tesija, executive VP, chief merchandising and supply chain officer will move into an “advisory role” effective July 6.

While the Confederate flag has been an increasing source of controversy in recent years, retailers have long sold items featuring its image with no major outcry. But following the tragic shooting in Charleston, consumer sentiment against the “Stars and Bars” intensified to a degree that made selling Confederate flag-themed merchandise unacceptable to a large portion of the public within a few days.

Amazon.com has come up with another new and exciting way to keep its brand out in front of potential customers.

The e-commerce giant has put a so-called Treasure Truck on the streets of Seattle. Each day the “Treasure Truck cruises to different neighborhoods loaded to the gills with one amazing item you won’t want to miss,” the company says. Photos on social media show the truck has a sign that says, "What's on the truck today?"