Patagonia donating its $10M in Black Friday sales to charity
AP PHOTO/RICK BOWMER, FILE
In this July 30, 2013, file photo, Tania Bjornlie, from Patagonia, holds one of the new Patagonia day packs a during set up at the Outdoor Retailer Summer Market in Salt Lake City. Patagonia announced on Mon. Nov. 28, 2016, that it raised $10 million to be donated to nonprofits focused on the environment by donating all of its Black Friday sales.
Ventura, Calif. » Patagonia says its Black Friday “fundraiser for the Earth” has shattered expectations by bringing in $10 million in sales that will be donated to nonprofits focused on helping the environment.
The outdoor clothing maker previously announced it would donate 100 percent of its global retail and online sales on Black Friday. It says it expected to reach $2 million in sales, but instead generated five times more. Patagonia says the fundraiser “attracted thousands who have never purchased anything from Patagonia before.”
Ventura, California-based Patagonia hasn’t said exactly which groups the money will be going to, but says they are “underfunded and under the radar.” It also has a list of groups which have previously received grants from the company.
One response to “Patagonia donating its $10M in Black Friday sales to charity”
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Wow! Wonder who/how stockholders came to such a decision?