Best Buy Transfers $40M to Foundation Supporting Social Justice Initiatives

Best Buy, as part of a commitment to furthering economic and social justice in communities, has opened 30 Teen Tech Centers, with a goal of 100 by the end of 2025, said CEO Corie Barry on a Tuesday call (see also a report in the Nov. 25 issue). The centers help disadvantaged teens learn technology skills required for the modern economy, Barry said; the company hopes to serve more than 30,000 youths annually in five years. The company pledged to have one out of three non-hourly open corporate positions filled by someone who is Black, indigenous or a person of color, and one out of three non-hourly field roles filled by women, she said, with the hope of creating over the next few years, “parity and retention rates among all of these groups.” The company transferred $40 million in Q3 to the Best Buy Foundation to support the initiatives.