By Fredrick Lee Only 20% of Fortune 500 companies have diversity officers More-diverse corporations outperform less-diverse competitors by 35% Diversity and inclusion is a profitable avenue for corporations not to ignore. However, recent bad press from corporations like Gucci and Prada raise questions about their commitment to diversity. Many chief diversity officers lack leadership support,
By Fredrick Lee By 2042, only 15% African American will be considered middle class U.S. Consumer debt has reached $4T Layaway installment plans from the past are making a return, as a way for African-Americans to possibly maintain their lifestyle. They are struggling to stay in the middle class while dealing with growing consumer debt.
By Fredrick Lee Only 20% of Fortune 500 companies have diversity officers More-diverse corporations outperform less-diverse competitors by 35% Diversity and inclusion is a profitable avenue for corporations not to ignore. However, recent bad press from corporations like Gucci and Prada raise questions about their commitment to diversity. Many chief diversity officers lack leadership support,
By Fredrick Lee Only 20% of Fortune 500 companies have diversity officers More-diverse corporations outperform less-diverse competitors by 35% Diversity and inclusion is a profitable avenue for corporations not to ignore. However, recent bad press from corporations like Gucci and Prada raise questions about their commitment to diversity. Many chief diversity officers lack leadership support,
By Fredrick Lee TV marketing increased more than 50% targeting African Americans Black adults have the second highest obesity rate at 46.8% Food companies are hungry to get in front of African American consumers and have ramped up their TV marketing more than 50%. This community has a reported spending power of $1.3 trillion, and
By Fredrick Lee Levi’s IPO could raise between $600M – $800M Denim market value is more than $100B Hip hop’s first denim brand Levi Strauss officially filed to return to the public markets under the ticker “LEVI,” three decades after it went private. The move comes after Levi’s hugely profitable 2018, including collaborations with Virgil
By Fredrick Lee HBCU students are more likely to default on loans over a 12-year period Current U.S. student debt is at $1.5T A college degree is seen as a path to the American dream, however, many students are unable to attain this goal under rising student loan debt. For African American students, having a
By Fredrick Lee Workers pay a total of $365 a year for access to Walmart’s education benefits African-Americans make up 21% of Walmart’s U.S. workforce Walmart (WMT +1.38%) is expanding its education benefits to high schoolers in an effort to attract more African-Americans to work for them. A tighter U.S. job market is making it
By Fredrick Lee Harriet Tubman was scheduled to appear on the $20 bill in 2020 The new $20 bill is now scheduled for 2028 The United States Department of Treasury has delayed abolitionist Harriet Tubman from making her debut on the $20 bill. In 2020, Tubman’s image was to replace former President Andrew Jackson in
By Fredrick Lee Kraft Heinz paid $57M to have its name on the Pittsburgh Steelers’ stadium 34 African-Americans are NFL decision makers Since 2001, Kraft Heinz’s (KHC -2.39%) name has graced the stadium of the NFL’s Pittsburgh Steelers, as Heinz Field Head Coach Mike Tomlin led the Steelers to its sixth Super Bowl championship. However,
By Fredrick Lee CBD pet market is expected to reach more than $1.6 billion of sales African-American pet owners spent $130 million on their pets in 2017 The CBD market is taking off and it’s not just people looking to relax, they are letting their pets in on it as well. Black pet owners are
By Fredrick Lee Kay Madati leaves as Twitter struggles with diversity Twitter ad revenues peaked at $791M under his tenure Today Twitter’s (TWTR +0.50%) Head of Content Partnerships, Kay Madati will exit the tech company. Since his arrival in the Fall of 2017, Madati was responsible for helping the micro-blogging platform successfully monetize its video
By Fredrick Lee By 2042, only 15% African American will be considered middle class U.S. Consumer debt has reached $4T Layaway installment plans from the past are making a return, as a way for African-Americans to possibly maintain their lifestyle. They are struggling to stay in the middle class while dealing with growing consumer
