Minority-owned businesses in Sacramento area
Minority-owned businesses on this list have headquarters in Sacramento, El Dorado, Placer or Yolo counties. They are 51% or more BIPOC-owned (Black, Indigenous and People of Color). Information on the list was obtained through Sacramento Business Journal research or supplied by individual firms through questionnaires that SBJ could not independently verify.
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Business of Fashion
2 hours ago
- Business of Fashion
This Week: Are Tariff Price Hikes Finally Here?
What's Happening: On Wednesday, the US Bureau of Labor Statistics will release inflation data for May, the first inflation reading taken entirely after Trump's tariffs went into effect. In April, consumer prices rose 2.3 percent, just under the economists' consensus. Delayed Impact: Forecasters are calling for a mild uptick in prices, if that. Many fashion and beauty brands have announced price increases, often to be implemented on select products over the summer rather than right away. This gives consumers a bit of time to acclimate to their new, more expensive reality. And it builds in room to change course on the off chance Trump calls the whole trade war off in the meantime. Rock and a Hard Place: This strategic approach to price increases is savvy, but for many brands also borne out of a lack of options. After raising prices so much in the post-pandemic years, companies are worried they'll lose customers by hiking further, even if they have a good reason. Questioning Reality: Whether consumers believe prices are rising can have a big impact on inflation, so all those early warnings from brands may become a self-fulfilling prophecy even if Trump doesn't announce a single new tariff. There are also growing questions about the numbers themselves. Last week, economists raised questions in the financial press about whether inflation data could still be trusted, noting hiring freezes and layoffs had curtailed the government's ability to conduct its massive monthly survey of consumer prices. What to Expect at The Business of Beauty Global Forum 2025 What's Happening: On June 9 and 10, The Business of Beauty holds its third annual gathering in Napa Valley. A second class of entrepreneurs will also receive The Business of Beauty Global Awards. In the News: Speakers include Hailey Rhode Bieber, fresh off her $1 billion deal. Tracee Ellis Ross will share her observations on the needs of the Black and texturised hair community at a time when DEI is under siege. Global Perspective: Founders from international brands including Beauty of Joseon, Ultra Violette, Byoma and Nykaa will address challenges and opportunities in the global beauty market. Attorney Lindsay Toczylowski will speak on her efforts to help her client, Andry José Hernández Romero, the Venezuelan makeup artist currently detained in an El Salvador prison. See for Yourself: If you won't be in Napa Valley, catch these speakers and more on the livestream. The Week Ahead wants to hear from you! Send tips, suggestions, complaints and compliments to
Los Angeles Times
4 hours ago
- Los Angeles Times
Tennis great Stan Smith on life lessons, Arthur Ashe's legacy and his namesake shoes
Fancy footwork won him Wimbledon. Simple footwear won him everything since. 'The shoe has had a life of its own,' said Stan Smith, 78, whose eponymous Adidas kicks, with their timeless lines and leather uppers, are the king of all tennis sneakers with more than 100 million sold. 'People from all walks of life have embraced them.' Not surprisingly, Smith has a head for business to match his feet for tennis. With that in mind, he and longtime business partner Gary Niebur wrote the just-released 'Winning Trust: How to Create Moments that Matter,' aimed at helping businesses develop stronger relationships with their clients, with tips that readers can apply to their personal relationships and to sports. 'The book is about developing relationships that can elevate the element of trust, which is a depreciating asset in today's world,' Smith said this week in a call from the French Open. When it comes to building and maintaining high-stakes relationships, Smith and Niebur have distilled their process into five key elements they call SERVE, a recurring theme throughout the book. That's an acronym for Strategize, Engage, Recreate, Volley and Elevate. For instance, recreate — as in recreation — means to build bonds through fun shared experiences, and volley means to trade ideas back and forth to find solutions. 'When people realize that you care more about the relationship than the transaction,' Niebur said, 'trust follows.' A onetime standout at Pasadena High and USC, Smith was a close friend of the late Arthur Ashe, the UCLA legend whose name graces the main stadium court at Flushing Meadows, N.Y., home of the U.S. Open. This year marks the 50th anniversary of Ashe's victory at Wimbledon, when he beat the heavily favored Jimmy Connors in the 1975 final. Ashe remains the only Black man to win the singles title at that storied tournament. 'Arthur was a good friend,' Smith said. 'He made a huge impact, and much more of an impact in the last few years of his life when he was fighting AIDS and the heart fund, and obviously for equal rights.' Ashe, who contracted HIV from a blood transfusion he received during heart-bypass surgery, died in 1993. Although he was four years older than Smith, the two developed a close friendship when they traveled the globe as Davis Cup teammates and rising professionals. Smith has vivid memories of traveling with him, Ashe in his 'Citizen of the World' T-shirt with his nose forever buried in a newspaper or magazine. Smith was ranked No. 1 in the U.S. at the time, two spots ahead of his pal, yet the wildly popular Ashe always got top billing. 'When we went to Africa, I was the other guy who played against him in all these exhibitions,' Smith told The Times in 2018. 'They would introduce him as Arthur Ashe, No. 1 player in the U.S., No. 1 in the world, one of the greatest players to ever play the game … and Stan Smith, his opponent.' Smith laughs about that now, but it used to chafe him. Finally, he raised the issue with his buddy. Recalled Smith in that 2018 interview: 'Arthur came up to me and said, 'I'm sorry about that. If we do a tour of Alabama, I'll carry your rackets for you.' He was in tune with everything. 'Arthur was a quiet leader walking a tightrope between a traditionally white sport and the black community.' Smith will be at Wimbledon next month, where his UCLA friend will be honored. As for his shoes, they're everywhere, and have been since the 1970s. Adidas originally developed the shoe for French player Robert Haillet in the mid-1960s, and the sneakers were known as the 'Haillet.' In 1972, the company switched to Smith, naming the shoes in his honor and printing a tiny picture of his mustachioed face on them. There were subtle changes to the Haillet, including a notch in the tongue for laces to pass through and a heel better shaped to protect the Achilles tendon. They sold like crazy. In 1988, Stan Smiths made the 'Guinness Book of World Records' for the most pairs sold at 22 million. Yet that was only the beginning as sales surged with the release of the Stan Smith II and retro Stan Smith 80s. The most common ones were solid white with touch of green on the back. 'Hugh Grant turned around last year in the [Wimbledon] royal box and said, `First girl I ever kissed, I was wearing your shoes,'' Smith told The Times in 2022. 'Another guy said he met this girl when he was wearing my shoes. It was so meaningful that they both wore the shoes for their wedding seven years later. 'It started off as a tennis shoe. Now it's a fashion shoe.' Smith's personal collection has climbed to more than 100 size 13s in all sorts of colors, including his favorite pair in cardinal and black, an homage to his USC roots. In 2022, to commemorate the 50th anniversary of Smith's Wimbledon singles title, Adidas gave all of its sponsored players a pair of shoes with SW19 on the tongue — Wimbledon's postcode — with the date of that match against Ilie Nastase inside the right shoe and the score of the match inside the left. At Wimbledon this year, the spotlight swings to the other side of Los Angeles, to an unforgettable Bruin, a sports hero who impacted so many lives. For Smith, his friendship with Ashe was an early example in his career of a relationship forged with trust. The book, incidentally, is affixed with a unique and fitting page marker. A shoelace.
Yahoo
14 hours ago
- Yahoo
Walmart Shareholders Fail Racial Equity Audit Proposal for a Third Time
The third time was not the charm for United for Respect Education Fund. The non-profit filed a shareholder proposal asking Walmart to undergo a third-party, independent racial equity audit focused on analyzing the company's impact on Black, Indigenous and People of Color (BIPOC) communities. Per the proposal, once completed, Walmart should share the results publicly on its website. More from Sourcing Journal Walmart to Bring Drone Delivery to Five Additional Cities Trump Lashes Out at Walmart, Says Retailer Should 'Eat the Tariffs' Walmart US Nearly Doubled Deliveries Made in Three Hours or Less 'Given its worker demographics and scale, we request Walmart assess its behavior through a racial equity lens to obtain a complete picture of how it contributes to, and could help dismantle, social and economic inequality,' the filers wrote in their proposal. 'A racial equity audit would help Walmart identify, remedy and avoid adverse impacts on nonwhite stakeholders, communities of color and long-term diversified shareholders. Failure to effectively address inequities in its operations exposes stakeholders, including employees, to unacceptable abuses and exposes Walmart to risks that may ultimately affect shareholder long-term value.' According to Walmart's 2024 Mid-Year Belonging Report, people of color make up 51 percent of its U.S. workforce. United for Respect Education Fund filed similar proposals in 2023 and 2024. But this time around, part of the importance for the group and its co-filers was the fact that Walmart, like several other major companies, announced late last year that it would roll back some of its diversity, equity and inclusion (DEI) efforts in favor of a theme of 'belonging.' Ultimately, the filers' argument proved unsuccessful in swaying shareholders' minds. In 2023, the proposal garnered 18.1 percent of shareholder votes; in 2024, that proportion declined to 15.4 percent. This year, the proposal received 6.9 percent of shareholder votes, according to a vote result announcement from Walmart's Thursday shareholder meeting. That's down 8.5 percentage points from last year. Like in previous years, Walmart recommended shareholders vote against the proposal. 'The Board recommends shareholders vote against these proposals because we already disclose substantial information on our people strategies, providing information about our business rationale, key metrics, progress, Board oversight and approach to continuous improvement based on stakeholder feedback and results,' the company published in its 2025 proxy statement. Ahead of the vote, Bianca Agustin, co-executive director of United for Respect, told Sourcing Journal that the organization had hoped to see at least the same percentage of shareholder votes headed their way as last year. She had also hoped that the proposal would garner one-fifth of all shareholder votes, since many proxy advisers recommend a company open formal dialogue with shareholders proposing a change if their proposition receives at least 20 percent of the total vote. Ultimately, the filers saw neither of those outcomes come to fruition this year. Nonetheless, Agustin said she hoped the proposal would bring attention to Walmart's DEI-related decisioning in recent months. 'We [wanted] to basically give a referendum on Walmart's really, really opaque decision to roll back the DEI initiatives,' she told Sourcing Journal. 'We [wanted] to send a strong message to the company that stakeholders do not agree with their decision, and that…they have a responsibility to lead in this moment of political turmoil and division. Given the demographic of their workforce and the communities they operate in, that responsibility is enhanced for Walmart.' TaNeka Hightower, a Tennessee resident who is currently on medical leave from her role at Walmart, supported the non-profit and its co-filers in re-filing the proposal this year. She said she believes a racial equity audit would help answer questions about pay equity and would provide insight into broader employee concerns about their ability to move up within the company, the treatment they receive from upper management and more. 'If we were to do a racial equity audit, it would really give an insight as to the disparity between Black and Brown workers in comparison to others,' Hightower told Sourcing Journal. 'The people up top that are the ones benefiting from all the profits, while the people that are actually doing the work to get the profits in the store aren't able to live.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
