We all know how Amazon is dominating the retail sales world. They can cause the stock valuations of an entire business sector to plummet just by sticking their toe in a new business category (see grocery and pharma). So who is going to challenge them? My bet is Walmart. Walmart has more cash flow and as much data on their customers as Amazon does. They are spending billions on technology and they know how to segment their business better than anyone. I also happen to know that they hired away some of the same marketing geniuses that helped reinvent Target from a dying brand to a modern enterprise. While Amazon may currently have the edge on technology, Walmart is ahead on actual engagement with one of the most influential U.S. consumer segments — the Latino demographic. Jeff Bezos is one of the smartest leaders in business today, but I wouldn’t count out the largest retailer in the world just yet.
Latinos are the youngest demographic in America, with the highest workforce participation rate. We are young and we are not afraid of hard work. Our dedication to God, family, and country is of the highest level. We contribute a lot to this country, but I’m not afraid to say, we are still vastly underachieving as a community.
Over the next 24 months, the real estate and mortgage industries will be challenged like no time in recent history. Companies that have healthy capital reserves and their fixed expenses under control will expand their footprints, and increase market share…Conversely, companies with high fixed expenses, and singular revenue channels will suffer.
I think most Latinos would agree that at our core, we are a generous people. If a member of our family is in need, Latinos as a rule, won’t hesitate to help financially. Family is central to Hispanic culture: our generosity has few limits. Maybe that explains why when it comes to making political donations and writing checks in support of actual philanthropic activities, Latinos come up short….When I interviewed Barack Obama last year at NAHREP at L’ATTITUDE, I pressed him about politicians not prioritizing issues that are important to Latino voters, he politely pushed back by saying…