Best Buy to spend $1.2 billion supporting businesses owned by people of color

24 Jun 2021


Best Buy says it will spend at least $1.2 billion by 2025 supporting businesses owned by people of color as it works to diversify its business, from its supply chain to how it advertises.

In addition to financial support, the electronics retailer also plans to provide access to its business resources in areas such as sourcing and product development to the companies run by people of color. The support will range from feedback to using Best Buy's distribution network and helping to house inventory.

Click here to read full article from the Star Tribune.