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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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Census
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Click here to go to African-American Census Bureau
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'Savoy' publisher debuts online version of suspended print magazine
(February
1, 2006) The publisher of “Savoy” magazine has announced the launch of the
digital version of the publication, “Savoyzine.” Having suspended the
print edition of the lifestyle monthly, Hermene Hartman said that the
company is moving quickly to develop its Web-based strategy.
“The online [version] was always a part of our game plan,” said Hartman.
“Obviously being online is a different economic than printing. This is a
lot easier to do. The stories are shorter. You can maintain your Website
without postage, printing, without the overhead of production that you
have with a magazine.”
After re-launching the magazine just one year ago, Hartman suspended
publication of “Savoy” last month because of financial difficulties. She
says that the search for investors is continuing.
To launch the digital version, Hartman acquired through a broker 11.3
million e-mail addresses of African-Americans who are “urban,
sophisticated and progressive.” Plans call for sending an e-blast
directing them to
Savoymag.com site, and offering daily news stories of
particular interest to black readers. The contents of the site, which
includes 11 different departments, will change on a monthly basis.
Entertainment-related news and horoscopes will be updated more frequently.
Additionally, said Hartman, the site will support a blog for readers to
give feeback and podcasts of interviews with celebrities featured in
stories.
The Savoymag.com site is being launched with advertising support from
Wal-Mart, and Hartman said that other advertisers are being signed as
well.
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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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