Philadelphia group announces 11th annual 'buy black' holiday initiative

(December 9, 2005) Philadelphia's African American Chamber of Commerce today announced a number of activities designed to promote black consumer consciousness during the Christmas/Kwanzaa Holiday Shopping period, including the distribution of "Buy-Black" holiday-themed posters in African-American-owned stores located in North Philadelphia, West Philadelphia, South Philadelphia, Germantown and Yeadon, Delaware County.

One poster is printed with the message: "This year put some black stores on your Christmas shopping list."  The message on the second poster is: "Let's start Dreaming of a Black Christmas."

According to AACC officials, the complete list of the 95 participating black retailers can be found on the Chamber's web site, at www.aachamber.org. 

"Depending upon whether you believe the holiday consumer spending projections from the Conference Board or the National Retail Federation, African American consumers in Philadelphia will spend between $112 million and $250 million over the 30-day Christmas/ Kwanzaa shopping period," said AACC Chairman A. Bruce Crawley. "It would absolutely qualify as self-imposed, economic criminal negligence if we spent those millions of dollars without regard to any plan to keep a major portion of those revenues in our own community once the season has ended."

"It's not enough to have a Happy Holiday," added Crawley.  "We also want January, February and the rest of the year 2006 to be economically satisfying for African-American families.  Unless we focus our spending during December, we'll be contributing to our own economic hardship as we enter the new year."

This year's Buy Black Promotion is the 11th consecutive year that the African American Chamber of Commerce has been involved in a holiday-specific retail effort.

Founded as the African-American Chamber of Commerce of Philadelphia in 1994, the African-American Chamber of Commerce of Pennsylvania, New Jersey and Delaware is the leading private sector advocate for black-owned businesses and African-American economic development in the tri-state area.

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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.

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...
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