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Corporate Social Responsibility
News
9.07.2005 ET
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CSR News from:
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News Category:
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Best Buy Increases Match of Red Cross Customer Donations to $2 Million
Customers Donate More Than $1 Million in Six Days - and Best Buy Matches It - for Hurricane Disaster Relief Fund
(CSRwire) MINNEAPOLIS--(BUSINESS WIRE)--Sept. 7, 2005--Best Buy has expanded
its matching program for customer donations to the American Red Cross
Disaster Relief Fund in support of victims of Hurricane Katrina. Since
launching the match program Sept. 1, customers of Best Buy donated nearly
$1 million in six days through the registers at more than 690 Best Buy
stores across the nation alone.
The public can donate at any U.S. Best Buy store register in any dollar
amount, or online at www.BestBuy.com;
no purchase is necessary.
Donations will be accepted through September 30, 2005. The Best Buy
Children's Foundation will match donations up to $2 million.
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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