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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.
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Vibe magazine
announces plans to spin off V-Style as separate title in fall
By Stephanie
D. Smith
MediaWeek.com
(June 12, 2006)Targeting fashion-forward men is hard enough for
publishers, but taking aim at stylish African American males has posed a
bigger challenge. Hustler’s Larry Flynt published Code in 1999, but the
magazine closed two years later. Since then, the genre has remained
largely underserved, with men’s magazines barely touching upon the style
sensibilities of African Americans.
The range of titles include the more debonair offerings of Condé Nast’s GQ
and Hearst Magazines’ Esquire—the monthly has named hip-hop producer
Pharrell and musician André 3000 Best Dressed Men in the World—as well as
the urban hipster fashion title Complex, and laddie-inspired King,
published by Harris Publications, and Star Media’s Smooth.
But now the publishers at Vibe believe there’s a market for an urban men’s
fashion magazine somewhere in between the two extremes. In September, Vibe
will debut V-Style, a stand-alone lifestyle supplement for progressive
African American men that will cover the best in fashion, footwear, cars
and spirits. The supplement will be polybagged with 200,000 copies of
Vibe’s October issue, and mailed to Vibe’s male subscribers over 21.
“V-Style is where they can come to learn about fashion and
accessories—what’s the right cigar, the right wine, the right books to
have in your library, not just the ones to say you’ve read, but the ones
you should have read to transition from a boy to a man,” said Len Burnett,
Vibe’s group publisher.
Added Jeff Mazzacano, Vibe’s corporate accounts director, who spearheaded
the project, “While V-Style men love sneakers and rims, they don’t need to
be inundated with it in every book they pick up.”
V-Style expands upon the widening Vibe franchise, which now includes
women’s fashion and beauty quarterly Vibe Vixen; Vibe.com, a
video-on-demand channel carried on Comcast; the Vibe Awards; the
Urbanworld Vibe Film Festival and Mobile Vibe. The new offering will be
published in partnership with liquor conglomerate Diageo and other
advertisers (who are yet to be determined). Diageo’s brands, such as
Johnnie Walker and Crown Royal, will also be woven into the magazine’s
editorial.
Vibe will publish one issue this year tied to New York’s Fashion Week and
another in conjunction with next spring’s Fashion Week. Vibe and Diageo
will host events nationwide to be taped and rebroadcast across Vibe.com,
Vibe’s VOD channel and its new MyVibe.tv streaming video network that will
launch June 16. If readers and advertisers respond favorably, Burnett said
V-Style has the potential to be spun off into its own magazine.
Burnett recognizes the challenge to woo advertisers to a magazine catering
strictly to an urban audience. “We always get Phat Farm and Sean John, but
unfortunately the big houses don’t buy into the fact that this audience
sets the trends and pushes them forward,” said Burnett. “Or if they do,
they’re not investing in it.” However, there are some high-end labels in
Vibe, including Dolce & Gabbana and Izod.
Vibe has struggled as of late with its ad pages. Through July, pages fell
8.2 percent to 624, reports the Mediaweek Monitor.
To ensure it had a strong ad base at launch, Vibe reached out to Diageo to
be the supplement’s main sponsor. Not only will the high-end feel of
V-Style mesh with Diageo’s top-shelf liquor bands, the partnership allows
Diageo to safely place its ads into a 21-year-old plus environment.
“V-Style is eclectic, [covering] technology to different people in the
entertainment industry. It makes the aspirational piece a sound focus more
than just the run of the mill hip-hop magazine,” said Jacquie Lee,
Diageo’s director of multicultural marketing services.
Vibe’s strategy to test V-Style as a supplement also lets the magazine
extend the brand to new areas without risking a huge amount of capital,
especially after the failure of Condé Nast’s men’s magazines Cargo and
Vitals. Media buyers believe V-Style has potential. “It’s an interesting
concept,” said Beth Fidoten, senior vp, director or print services for
Initiative. “They’re hedging their bet and doing it in a way that’s
sponsored. That way they can see what the market demand is.”
Meanwhile, Vibe’s paid circulation fell 2.8 percent to 836,611 through the
second half of 2005, missing its 850,000 rate base, according to the Audit
Bureau of Circulations. Newsstand sales grew 8.1 percent. Burnett noted
that total circ declined in part to Hurricane Katrina.
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12th
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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.
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