Albertsons CEO Vivek Sankaran said Friday that he is satisfied with the company’s initial public offering, even when its shares fell short of expectations. The grocery store operator began trading on the New York Stock Exchange on Friday with the slogan “ACI.” It debuted at a lower-than-expected price of $ …
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An employee straightens a row of bottles of Dove shampoo, a product of the Anglo-Dutch company Unilever. Tengku Bahar | AFP | fake pictures Unilever said Friday it would pause advertising for the brand on Facebook, Instagram and Twitter in the United States “at least until the end of the …
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A Microsoft store in New York. Scott Mlyn | CNBC Microsoft announced on Friday that it will permanently close its Microsoft Store stores. Instead, it will focus on its online store at Microsoft.com, where customers can request support, sales, training, and more. Microsoft said members of its retail team will …
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A woman pushes a grocery cart toward her car in front of an Albertson store in Denver, Colorado. Matthew Staver | Bloomberg | fake pictures US supermarket operator Albertsons Companies on Thursday sold fewer shares than expected at a lower-than-expected price in its initial $ 800 million public offering, according …
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Luxury retailer Saks Fifth Avenue said it hasn’t seen a change in purchasing patterns in Florida, Texas and other states where coronavirus cases are on the rise. At CNBC’s “Closing Bell”, Saks Fifth Avenue President Marc Metrick said shoppers still go to stores to buy bags, shoes and other items. …
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