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Black Stats
Frequently requested
data on African American consumers
Black Buying Power:
$679 Billion (2004)
Black U.S. Population:
38.3 million
Top Five Black Cities
- New York
- Chicago
- Detroit
- Philadelphia
- Houston
Top Five Black Metros:
- New York-New Jersey
- Washington-Baltimore
- Chicago-Gary
- Los Angeles
- Philadelphia
Top Five Expenditures:
- Housing 110.2 bil.
- Food 53.8 bil.
- Cars/Trucks 28.7 bil.
- Clothing 22.0 bil.
- Health Care 17.9 bil.
Click here for more stats from "The Buying Power of
Black America."
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Jerri
DeVard, high-profile SVP for Verizon Communications, resigns post
By
Alice Z. Cuneo
AdAge.com
(January 16, 2007) Jerri DeVard, a fixture on the industry circuit and
one of the highest-profile African-American females in marketing, is
resigning as senior VP-brand management and marketing communications at
Verizon Communications.
Jerri DeVard was senior VP-brand management and marketing communications
at Verizon Communications.
Ms. DeVard, 48, an Advertising Age Power Player in 2003 and a Wall Street
Journal Woman to Watch, served on numerous advertising-industry committees
and was a noted speaker at the Association of National Advertisers Annual
Conference. She said she decided to leave as a result of a grueling
commute from her Manhattan residence to Verizon headquarters in Basking
Ridge, N.J. "I did try for one year," she said. "It was too much."
Time to 'pause and collect'
Ms. DeVard plans to leave Verizon at the end of the month. She said she
needs time to "pause and collect" before she decides what to do next.
Ms. DeVard said she tendered her resignation prior to the promotion late
last year of Verizon Wireless Chief Marketing Officer John Stratton to the
new post of CMO, Verizon Communications. Ms. DeVard reported to Bob
Ingalls, exec VP-CMO for Verizon Telecom.
Verizon Wireless and parent Verizon Communications have maintained
separate marketing organizations and efforts. However, as Verizon moves
toward providing bundled services to match those offered by cable
companies and pushes its FiOS video and internet offering, some of those
marketing efforts are bound to be merged.
Long career
Prior to joining Verizon, Ms. DeVard was CMO at Citigroup. Her long career
has included marketing positions with the Minnesota Vikings, Revlon,
Pillsbury and Harrah's Entertainment.
At Verizon, one of her most recent efforts was the "Realize" campaign, a
contest in which a consumer, in this case a graphic artist, conducted her
business in a Philadelphia storefront using phone and internet service to
show how Verizon could help facilitate the American dream of starting a
business.
Over the years, she has spoken on a number of topics, including the
changing relationship between marketers and consumers in terms of
technology. In a speech in October 2005 at the Association of National
Advertisers Annual Conference, Ms. DeVard underscored the multitasking
abilities of today's 18- to 24-year-olds, saying they manage more than
four platforms simultaneously.
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12th
Annual Edition Available
Latest
'Buying Power' report shows black consumers spending more on home life
As the American economy continues to move sluggishly,
African-American households are curtailing their spending in many
categories, including food, clothing and basic household items, while
investing more in home repair, home entertainment and consumer
electronics. Although they are trimming back, black consumers are still
spending more than their white counterparts on most of these products.
Story and statistics
continued
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