Gap Inc reported a surprise rise in quarterly same-store sales on Thursday, the latest sign that the apparel retailer's turnaround plan is working.The company's shares were up 3.9% at $24.1 in trading after the bell.
The sportswear giant is gaming for a share of the athleisure plus size market with an online and in-store launch of a 43-piece collection of athletic apparel ranging in size from 1X to 3X and up to 38E for sports bras.
The Reality of Retail Tech report from GPShopper found that only 9% of consumers think chatbots will help their shopping experience. Also, consumers are interested in using virtual or augmented reality to shop.
Weak holiday sales by some U.S. department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery.
Disappointing holiday-season sales at Macy's Inc and Kohl's Corp underscored the uphill task facing department stores to win back shoppers, who are increasingly turning to online retailers and spending less on apparel.