Sports Authority, Inc. Supports Relief Efforts for Hurricane Katrina
02 September 2005 - 2:41PM
Business Wire
Sports Authority, Inc. (NYSE: TSA), one of the nation's largest
full-line sporting goods retailers, today announced it will support
relief efforts for victims of Hurricane Katrina by establishing a
mechanism for customers to make contributions at its nationwide
network of stores and by matching a portion of those contributions.
Beginning on September 3 at its annual Labor Day Weekend SNIAGRAB
winter sports sale in Denver, CO, customers will be encouraged to
support the relief effort and be given the opportunity to add a
contribution on to their total bill. Sports Authority will
segregate the contributions and match a portion of the proceeds,
which will be donated to the American Red Cross. The company
intends to expand the program across the United States beginning
next week. Sports Authority, operating under The Sports
Authority(R), Gart Sports(R), Sportmart(R) and Oshman's(R) names,
has three stores in New Orleans, all of which have been closed, and
more than 60 employees. The company is in the process of attempting
to contact these employees to confirm their whereabouts and their
safety. "The devastation in New Orleans is staggering and we are
deeply concerned for our employees and all the residents of this
area affected by Hurricane Katrina," said Doug Morton, CEO of
Sports Authority. "We are committed to helping the relief effort in
any way we are able to and we encourage our customers to contribute
as they deem appropriate. We are heartened by the support given
across the country in the wake of this natural disaster and we
commend the efforts of all companies and organizations that are
providing assistance in one way or another to assist the victims in
this tragedy."
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