These Retailers Have Offered 15% of Shelf Space to Black-Owned Businesses

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By Douglas A. McIntyre Updated Published
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These Retailers Have Offered 15% of Shelf Space to Black-Owned Businesses

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The 15 Percent Pledge is an organization with the goal of convincing retailers to offer at least 15% of their shelf space to Black-owned businesses. The number was chosen because approximately 15% of the American population is Black. A modest number of retailers have taken the “pledge.” However, America’s largest retailers remain missing.

Currently, the list includes retailers with sales that are modest. It does not include, most notably, Walmart, Costco, Target or Home Depot, the largest U.S. retailers. Large niche retailers, including Apple and Best Buy, are not on the list either.

Which retailers have taken the pledge? Some are not retailers at all, but influencers in the retailer business. The list includes Sephora, MedMan, Rent the Runway, Macy’s, InStyle, Bloomingdales, Bluemercury, Yelp, Vogue, West Elm, Madewell, Indigo, CB2, Crate and Barrel, Athleta, Gap, Banana Republic and Old Navy.

The Gap dominates the list, based on sales. It owns Old Navy, Athleta, Banana Republic, Gap, Janie and Jack, Intermix and Hill City. It describes itself as the largest specialty apparel company and the second largest apparel e-commerce business in the United States. In the most recent quarter, its revenue was $3.99 billion. It made $95 million on that figure. CEO Sonia Syngal is a veteran of Ford and Sun Microsystems.
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As Gap added its name to the 15 Percent Pledge, Kisha Modica, Head of Equality & Belonging at the retailer said, “As we strive to enable a culture of inclusion and belonging for all, we are excited to partner with the 15 Percent Pledge to accelerate our commitment to increase access and opportunity for Black and Latinx communities.”

Where are America’s larger retailers?
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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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