Talbots Responds to Hurricane Katrina; Monetary Contributions and 54,000 Units of Children's Clothing Donated to Support Relief Efforts.HINGHAM, Mass. -- Talbots, Inc. (NYSE NYSE See: New York Stock Exchange : TLB TLB - Translation Look-aside Buffer ) is donating $50,000 to The Red Cross Disaster Relief Fund, matching employee contributions up to a total of $50,000, and donating 54,000 units of children's clothing to support relief efforts in the Gulf Coast, announced Arnold B. Zetcher, Chairman, President and Chief Executive Officer. The Company is working with Gifts In Kind International to distribute the children's clothing to shelters housing victims of Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. . Gifts In Kind International is a nonprofit
organization Nonprofit OrganizationAn association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. that provides products and services donated by many Fortune 500 companies to assist those in need. "Our thoughts and prayers are with all those in the Gulf Coast who have been so devastated dev·as·tate tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates 1. To lay waste; destroy. 2. To overwhelm; confound; stun: was devastated by the rude remark. by the catastrophic effects of Hurricane Katrina. In addition to our general relief efforts, our company's utmost priority is the welfare of our associates who live in the region," said Mr. Zetcher. Talbots has 80 stores in the Gulf Coast states of Alabama, Florida, Louisiana, and Mississippi, with three stores in the New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded area. Talbots is a leading national specialty retailer and cataloger of women's, children's and men's classic apparel, shoes and accessories. The Company has had a long-term association with Gifts In Kind International and annually donates $10-12 million in merchandise. Established in 1983, Gifts In Kind International is the nation's third largest charity and the leading charity in product philanthropy. The Gifts In Kind(R) network of 450 community-based programs distributed nearly $820 million in product donations in 2004. Gifts In Kind International's emergency relief donation management process is to provide victims with as much support as possible through efficient and effective channeling of product donations and services. Gifts In Kind International operates at less than one percent of the fair market value of product donations, making it one of the most cost-efficient organizations in the world. Its headquarters office is at 333 N. Fairfax St., Alexandria, Virginia Alexandria is an independent city in the Commonwealth of Virginia. As of the 2000 census, the city had a total population of 128,284. Located along the Western bank of the Potomac River, Alexandria is approximately 6 miles (9.6 kilometers) south of downtown Washington, DC. 22314. www.giftsinkind.org, 1+(703) 836-2121. For Gifts In Kind International media inquiries: Nicole Halsey Weinberg Harris & Associates (410) 427-0123 ext. 232 / nhalsey@weinbergharris.com For Gifts In Kind International donation information: Barbara Florence Vice President, Donor Development (703) 836-2121 / bflorence@giftsinkind.org |
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