Qurate Retail Group Celebrates 10 Years of Working With World Vision Through Product Donations

Rhea-AI Summary

Qurate Retail Group celebrates 10 years of partnership with World Vision, a humanitarian organization. Through this collaboration, Qurate has donated 30,000 pallets of products valued at $60 million, reaching hundreds of thousands of people in 35 countries. In the U.S., donations have impacted communities across 29 states. Additionally, Qurate supports the Women's Empowerment Fund via monetary contributions, aiding financial literacy and economic empowerment in poor communities. This initiative reflects Qurate's commitment to corporate philanthropy, product donations, and volunteerism.

Positive

• Qurate Retail Group donated $60 million worth of products over 10 years.
• Donations have reached people in 35 countries and 29 U.S. states.
• Monetary contributions to support the Women's Empowerment Fund.
• Initiative enhances financial literacy and economic empowerment.
• Commitment to reducing waste by donating unsold products.

Negative

• The press release lacks specific details on the financial impact of product donations on Qurate's revenue.
• No information on the potential operational costs related to the donation program.
• Unclear how these philanthropic efforts directly correlate to Qurate's stock performance.

NORTHAMPTON, MA / ACCESSWIRE / May 16, 2024 / Qurate Retail Group

At Qurate Retail Group, we are committed to giving back to the communities we serve, through corporate philanthropy, product donations, team member giving, and volunteerism. However, this commitment goes far beyond the markets where we operate. This is best seen through our product donation program, which aims to provide essential items to those in need, fostering hope and support within our local communities, nationally and worldwide. Our Fulfillment and Expediting teams ensure that product that is in good condition does not end up in a landfill, but instead, is provided to charitable organizations and given new life to support those in need.

As part of this important work, we are honored to celebrate 10 years of working with World Vision - a humanitarian organization conducting relief, development, and advocacy activities in its work with children, families, and their communities globally. Over the past 10 years, 30,000 pallets of Qurate Retail Group products, valued at $60 million, have helped hundreds of thousands of people in 35 countries worldwide through World Vision. Here in the United States, Qurate Retail Group products have been donated across 29 states, reaching and uplifting communities most in need. In the video above, you will see this impact come to life in Clay County, West Virginia.

In addition to product donations, Qurate Retail Group provided a monetary donation to World Vision to support the Women's Empowerment Fund. Through Savings Groups, women in poor communities learn financial literacy, enabling them to save money together in small amounts and lend to each other when needs arise, such as family members' illness, children's education, and falling income due to climate induced disasters. Financial inclusion is a key element of social inclusion, a crucial step towards economic empowerment to overcome poverty and income inequality. Support of programs like Savings Groups fuels economic growth and empowerment on a global scale.

Together, our team members and vendors are making choices to help create a brighter future for our neighbors both near and far.

View additional multimedia and more ESG storytelling from Qurate Retail Group on 3blmedia.com.

Contact Info:
Spokesperson: Qurate Retail Group
Website: https://www.3blmedia.com/profiles/qurate-retail-group
Email: info@3blmedia.com

SOURCE: Qurate Retail Group

View the original press release on accesswire.com

FAQ

What is Qurate Retail Group's recent collaboration with World Vision?

Qurate Retail Group celebrated 10 years of partnership with World Vision, donating $60 million worth of products to support communities globally.

How many countries benefited from Qurate Retail Group's donations?

Qurate's donations have reached hundreds of thousands of people in 35 countries.

What value of products did Qurate Retail Group donate?

Qurate Retail Group has donated $60 million worth of products over 10 years.

How has Qurate Retail Group supported financial empowerment?

Qurate made a monetary donation to World Vision to support the Women's Empowerment Fund, promoting financial literacy and economic empowerment.

In which states has Qurate Retail Group made an impact in the U.S.?

Qurate's donations have impacted communities across 29 states in the U.S.