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`Cubby` Cashes in for Children`s Cancer Research (PR Newswire)...Kay Jewelers is edging closer to its long-term goal, a $1.5 million endowment of the hospital`s Solid Tumor Clinic.......The contribution will assist in the development of treatments to increase cure rates for tumors in the bone, brains and eyes of children....- Apr 13 5:20 AM ET


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Website: http://biz.yahoo.com/prnews/010413/chffns1.html

Posted on: 04/13/2001

"Yahoo - 'Cubby' Cashes in for Children's Cancer Research"
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Friday April 13, 5:20 am Eastern Time

Press Release

SOURCE: St. Jude Children's Research Hospital

'Cubby' Cashes in for Children's Cancer Research

Kay Jewelers' 'Cubby' Bear Raises $1 million for St. Jude Children's Research Hospital(R)

MEMPHIS, Tenn., April 13 /PRNewswire/ -- He's cute and cuddly. But "Cubby" isn't your average teddy bear. He's helped national retailer Kay Jewelers raise $1 million for St. Jude Children's Research Hospital.

  • (Photo: http://www.newscom.com/cgi-bin/prnh/20010413/CHFFNS1 )

    On Thursday, April 12, Kay Jewelers' managers and executives presented St. Jude with a check for $650,000 -- the amount of money recently raised through the sale of "Cubby." Combined with last year's $350,000 donation, "Cubby" has now raised $1 million for the world-renowned hospital.

    "Cubby" was available for $9.95 during the holiday season at Kay Jewelers. All profits, more than $3 from each sale, came directly to the hospital. The company sold nearly twice as many bears in 2000-more than 160,000 bears in just 54 days.

    "We asked our store managers to show people how to hug this bear and it flew off the shelves," said Terry Burman, company chairman and CEO. "'Cubby's' charm and cause captured the hearts of our customers."

    Now that $1 million has been raised for St. Jude, Kay Jewelers is edging closer to its long-term goal, a $1.5 million endowment of the hospital's Solid Tumor Clinic. The contribution will assist in the development of treatments to increase cure rates for tumors in the bone, brains and eyes of children.

    "St. Jude is extremely appreciative of the support of Kay Jewelers," said Richard Shadyac, national executive director of ALSAC/St. Jude, the hospital's fund-raising arm. "The company's generous contributions help make possible our hospital's life-saving work."

    St. Jude Children's Research Hospital, in Memphis, Tenn., was founded by the late entertainer Danny Thomas. The hospital is an internationally recognized biomedical research center dedicated to finding cures for catastrophic diseases of childhood. The hospital's work is supported through funds raised by the American Lebanese Syrian Associated Charities (ALSAC). All St. Jude patients are treated regardless of their ability to pay. ALSAC covers all costs of treatment beyond those reimbursed by third party insurers, and total costs for families who have no insurance. For more information, please visit www.stjude.org.

    Kay Jewelers has more than 665 stores nationwide. Its parent company, Akron, Ohio-based Sterling Jewelers Inc., operates more than 1,000 stores in 45 states and employs more than 8,200 people. Sterling Jewelers Inc., is the U.S. subsidiary of the London-based Signet Group plc, making it part of the largest specialty retail jewelry organization in the world.

    SOURCE: St. Jude Children's Research Hospital

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