Pier 1 Imports will ask shareholders for approval to do a reverse stock split of up to 1-for-20 shares, a move aimed at boosting the retailer's stock price and avoiding delisting from the New York Stock Exchange. Shareholders will vote on the proposal at the retailer's annual meeting in June.
Rite Aid and Walgreens Boots Alliance will start limiting tobacco sales to customers who are 21 and older, in line with a growing number of states that have raised or are considering raising the age from 18 to 21. The new policies, set to take effect later this year, are in response to growing pressure from regulators, investors and activists to keep cigarettes out of the hands of minors.
Giant Eagle has introduced its BeerVan.com service to deliver beer to shoppers in Pittsburgh. Customers can browse through a selection of more than 150 beers and have their orders delivered in two hours or less.
Google is prepared to expand its smart home lineup, which could include Google Assistant Connect, the Lenovo Smart Clock and a Nest Hub Max, writes Andrew Gebhart. Google is expected to update its Android mobile software and possibly release new augmented reality gadgets at its developer conference beginning May 7.
Google's new midrange Pixel 3a and 3a XL devices will include a notch-free device with a basic design, a rear fingerprint reader and a lone rear camera, Evan Blass writes. The devices will include Snapdragon 670 or 710 processors, 4 gigabytes of RAM and the Pixel Visual Core that powers the cameras, Blass writes.
At its Worldwide Developers Conference, Apple is expected to announce major changes to Marzipan, Siri, AR and other things that will change the environment for developers, improving access and functionality. Also, the new iOS 13, macOS 10.15, tvOS 13 and watchOS 6 will be unveiled in June.
Microsoft has changed course and will keep its popular Paint application in Windows 10. Most of the primary Paint functions had been slated to move to the Paint 3D app, but it's not clear if Microsoft will still make those changes.
Only 17% of consumers use their smart speaker or digital assistant to order food delivery, despite smart speaker ownership rising more than 40% last year, according to VoiceBot.ai. "When it comes specifically to voice, the experience isn't matching the expectation, but there's high interest, particularly in grocery," says Performics' Laura Heller.
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