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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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'Essence' associate publisher Barbara Britton resigns to start marketing firm

(January 19, 2006) Barbara Britton, vice president and associate publisher, sales of Essence magazine is resigning after a 17-year tenure with the publication to head her own company.

Britton's new venture, which has not yet been named, will be a multicultural marketing firm that provides advice and insight on the African-American market. She's not straying far from her Essence roots, however, as the magazine will be her first client. In fact, she'll continue to be listed on the masthead as Publishing Advisor.

"I’m talking about being a consultant and strategist to corporations," Britton told Target Market News, "helping them to develop programs to make that connection with this market."

Part of what Britton will be doing for Essence is being an advocate and an ambassador for the value of the African-American market.

After all these years of sitting face-to-face with ad agency buyers and account executives, she not talking about going head-to-head with them for new business.

"I don’t expect to be a competitor to ad agencies. This is really about strategic communications," she said. "I’ve developed a vast amount of knowledge about how corporations can reach this market in impactful ways and I’m bringing that together as a strategist."

Britton has more than 25 years of media experience from positions in print, cable and television. During her assent at Essence she guided the company to more than $150 million in annual revenues. She says she's looking forward to adding the title entrepreneur to her resume and list of accomplishments.

“I’m proud that I have established more value for African-American consumers, and that goes beyond advertising. I’m proud to have developed some really good sales and marketing professionals that are going to continue to help corporations translate programs to make that connection with this market.”

A successor has not been named, and for now Essence president, Michelle Ebanks, will assume Britton's responsibilities.


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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.

According to the newest edition of “The Buying Power of Black America” report, African-American households are tightening their belts when it comes to dining out, expanding their wardrobes, and leisure activities out of the home. At the same time, they are increasing their spending on home repairs and remodeling, audio and...
Story and statistics continued

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