The United States Hispanic Chamber of Commerce Applauds Walmart's Record on Multicultural Ad Spending

The United States Hispanic Chamber of Commerce Applauds Walmart's Record on
Multicultural Ad Spending

WASHINGTON, May 14, 2013 (GLOBE NEWSWIRE) -- The United States Hispanic
Chamber of Commerce (USHCC) commends Walmart's record on multicultural ad
spending. The retail leader plans to double its diversity ad spending as part
of an unprecedented initiative to expand the company's multicultural marketing
reach.

With more than 50 million Hispanics living in the United States and a
collective purchasing power expected to exceed $1.5 trillion by 2015, the
country's top corporations have placed increased emphasis on multicultural
marketing programs. Walmart leads all retailers with upwards of $65 million
spending on Hispanic-marketing, each year.

"It comes as no surprise that Walmart is regarded as an industry leader in
multicultural marketing and advertising. The company is a true pioneer in
reaching Hispanic consumers," said USHCC President & CEO Javier Palomarez.
"Studies and history have shown that business growth and success comes to
those most adept at serving the Hispanic market, as evidenced by Walmart's ad
campaigns. The USHCC applauds those firms that understand the importance of
the Hispanic market - not only as a profitable consumer segment, but also as
valuable source of human capital and strategic supply chain."

According to a recent study by Information Resources, Inc. (IRI) of Consumer
Packaged Goods (CPG) companies and retailers, Walmart was one of seven
companies named "best in class" at driving revenue growth through their
leadership in the Hispanic market. Evidence of Walmart's deep understanding of
the power of its multicultural customer base, as well as its commitment to
diversity and inclusion, was highlighted during the Association of Hispanic
Advertising Agencies' (AHAA) annual conference, held earlier in the month in
Miami, Florida. Walmart was the recipient of the first-ever Marketer Of The
Year Award, given by AHAA, for the company's groundbreaking ad campaigns
targeting Hispanic consumers.

"As part of our mission to expand our scope into all aspects of marketing,
selecting a marketer of the year became a strategic imperative for AHAA's
Board of Directors," said Roberto Orci, Chair of AHAA and CEO of Acento
Advertising. "Walmart was a standout in all categories, and they continue to
pave the way in multicultural marketing. The bar has been set quite high for
future nominees, and we hope other brands take notice and step up their
efforts."

Lopez Negrete Communications, one of the nation's largest Hispanic-owned and
operated full-service marketing agency and a USHCC Hispanic Business
Enterprise (HBE) member, began their relationship with Walmart in 1995. For 18
years, Lopez Negrete Communications has led Walmart's Hispanic marketing
efforts, offering a full range of services in the marketing, advertising and
creative realm. After 18 years, Walmart has become one of the agency's larger
clients and one of the most tenured in the industry. Other clients served by
Lopez Negrete through its Houston and Los Angeles offices are Verizon Telecom,
Bank of America, Kraft Foods, Dr Pepper Snapple Group and Chrysler, among
others.

About the USHCC

Founded in 1979, the USHCC actively promotes the economic growth and
development of Hispanic entrepreneurs and represents the interests of over 3
million Hispanic-owned businesses across the United States that contribute in
excess of $465 billion to the American economy each year. It also serves as
the umbrella organization for more than 200 local Hispanic chambers and
business associations in the United States and Puerto Rico. Follow us on
Twitter @USHCC.

CONTACT: Valentina Pereda, USHCC Communications Manager
         202-489-2932
         vpereda@ushcc.com
 
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