NEW YORK, April 20, 2012 /PRNewswire/ -- ANN INC.,(NYSE: ANN) the parent company of Ann Taylor and LOFT, today announced the launch of ANNCares360, a program in partnership with Good360, the nonprofit leader in product philanthropy. The program will facilitate the donation of available displays, marketing items, and fixtures to local charities that support women and children.
ANNCares360 allows Ann Taylor, LOFT, ANN Taylor Factory, and LOFT Outlet stores to enter valued, reusable goods into a tracking system that will link to Good360's online product donation marketplace and its network of more than 26,000 charities.
"ANN INC. is a company that is committed to doing business responsibly," said Jeannette Ferran Astorga, Vice President, Corporate Social Responsibility. "The ANNCares360 program aligns perfectly with our environmental commitment to minimize waste in our operations since most of these items can be reused. We are pleased to know that we will be able to provide resources for communities in need. We are also excited to celebrate the Company's commitment to the environment by launching this program for Earth Day."
Each year, the Company has items in its stores and corporate offices that are available for donation across the country. The partnership with Good360 offers a uniform company-wide system, better tracking mechanisms, a wider reach, and a sustainable program for the future.
Good360, previously known as Gifts In Kind International, is a pioneer in the product giving space with recognition by Forbes Magazine as one of America's top ten most efficient charities. In three decades of service, Good360 has distributed nearly $7 billion in product donations to thousands of organizations serving a wide spectrum of people in need. Good360 is developing the world's largest online product donation marketplace, where product donations from America's top brands and retailers become goods for the greater good.
"Thanks to donors like ANN INC., Good360 is able to get essential products into the hands of those who need them most," said Cindy Hallberlin, CEO and president of Good360. ANNCares360 is just one of many programs ANN INC. executes to provide a positive impact on the environment and the communities it serves. An overview of ANN INC.'s corporate social responsibility efforts can be found on www.responsiblyann.com.
Consistently ranked by Forbes Magazine as one of the ten most cost-efficient charities in America, Good360 (formerly Gifts In Kind International) is dedicated to helping people and communities in need by distributing corporate product donations to qualified nonprofits. These include nonperishables, such as apparel, books, toys, personal care products, office and school supplies, computers and much more. On behalf of several Fortune 100 consumer, retail and technology companies, Good360 distributes products to a network of more than 26,000 pre-vetted organizations.
About ANN INC.
ANN INC. is the parent Company of Ann Taylor and LOFT, two of the leading women's specialty retail fashion brands in the United States. The Company operates 953 Ann Taylor, Ann Taylor Factory, LOFT and LOFT Outlet stores in 46 states, the District of Columbia and Puerto Rico as of January 28, 2012, as well as online at AnnTaylor.com and LOFT.com. Visit ANNINC.com for more information (NYSE: ANN).
SOURCE ANN INC.