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But then there are all these other ancillary uses of it that weren’t necessarily the reason it was developed, but they are some of the ways in which the technology is being used. I think facial recognition is one example of that. But we have to catch up on the government side, and we have to have a system that can adapt to whatever technology it is that we end up regulating.

Buying back stocks, which reduces the number of shares outstanding, is expected to improve the earnings per share ratio, because the company's annual earnings are then divided by a lower number of outstanding shares.

But there is no expectation of a turnaround in the second quarter. At its regular meeting Wednesday, the Federal Reserve pledged further action to support the market and bolster private companies through increased lending.

But youngsters' inexorable march into the embrace of tech is causing concern to parents. My sister-in-law tells me a small fortune goes toward buying a range of gadgets for my nephew. I'd like to believe Generation Z will turn money-spinners themselves sooner than later with all this early exposure to tech.

But there are other factors of innovation driving new revenue possibilities for retailers, too. 5G networks will enable a new level of access and ubiquity for groundbreaking retail technologies that leverage augmented reality (AR), virtual reality (VR) and the internet of things (IoT).