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Corporate Social Responsibility
News
8.31.2005 ET
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CSR News from:
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U.S. Best Buy Stores to Accept Red Cross Donations for Hurricane Victims
Best Buy Children's Foundation to Match Customer Donations up to $1 Million
(CSRwire) MINNEAPOLIS--(BUSINESS WIRE)--Aug. 31, 2005--Beginning September 1,
more than 690 Best Buy stores across the nation will accept cash donations
for the American Red Cross Disaster Relief Fund in support of victims of
Hurricane Katrina. The public can donate at any U.S. Best Buy store
register in any dollar amount; no purchase is necessary. Donations will be
accepted through September 30, 2005. The Best Buy Children's Foundation
will match donations up to $1 million.
"Our hearts are with everyone trying to recover from Katrina's
devastation," said Brad Anderson, vice chairman and CEO, Best Buy. "We
know our employees and customers want to give, and we are helping to make
it easy for them."
The generosity of Best Buy customers has been consistently demonstrated in
times of need. In response to the Dec. 26, 2004 tsunami, customer donations
to the Red Cross at Best Buy store registers exceeded $1 million. And
during the 2004 Toys for Teens drive, customers donated approximately
150,000 gifts and more than $250,000 to the Marine Corps' Toys for Tots
Foundation for teenagers in need.
About Best Buy's Community Commitment
As a community partner, Best Buy works to encourage ideas and to
confront challenges. Through its many philanthropic activities, Best Buy
extends its support in times of celebration and in times of need.
Last year Best Buy and the Best Buy Children's Foundation donated $19
million to its communities (approximately 1.5 percent of its prior fiscal
year's pretax earnings). The company encourages local volunteerism by
providing charitable gifts to organizations where employees volunteer,
awards annual scholarships to graduating high-school seniors, and supports
schools using technology to enhance learning through the Best Buy te@ch
program. The company also connects with the United Way to meet local
community needs, works with the Red Cross to provide support in times of
disaster, and supports national organizations innovatively using
technology in youth education. In addition, Best Buy is committed to
environmental responsibility. Last year, the company collected and
recycled nearly 1 million pounds of used and obsolete electronic items
though special mass collection events and everyday collection of cellular
phones, ink jet cartridges and rechargeable batteries. For more
information about Best Buy's community relations efforts, visit
http://www.BestBuy.com/CommunityRelations.
About Best Buy Co., Inc.
Best Buy Co., Inc. (NYSE:BBY) is an innovative Fortune 100 growth company
that continually strives to create superior customer experiences. Through
more than 840 retail stores across the United States and in Canada, our
employees connect customers with technology and entertainment products and
services that make life easier and more fun. We sell consumer electronics,
home-office products, entertainment software, appliances and related
services. A Minneapolis-based company, our operations include: Best Buy
(BestBuy.com and BestBuy.ca), Future Shop (FutureShop.ca), Geek Squad
(GeekSquad.com and GeekSquad.ca) and Magnolia Audio Video
(Magnoliaav.com). We support our communities through employee volunteerism
and grants from The Best Buy Children's Foundation.
Copyright Business Wire 2005
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