Breaking News

African-American Women’s Spending Power To Top $342 Billion By 2006

November 15, 2005

The 19 million African-American women in the U.S. are expected to grow their spending power 32% from $259 billion in 2001 to $342 billion in 2006, according the “Power of the African-American female consumer (update No. 2)” report by The Hunter-Miller Group, Chicago. They are often primary household decision-makers. With a median age of 31 in 2002, African-American women tend to be well-educated and are advancing professionally in business, law, medicine and other fields. This group is expected to spend $1.3 billion on hair care products in 2004. Also, 28% change some aspect of their style (clothing or hair) on a regular basis compared to 8% of white women, 64% would pay more for a better quality item compared to 57% of white women and 42% said luxury or upscale products make them feel better about themselves compared to 26% of white women. More info: (773) 363-7420; Website: www.huntermillergroup.com.
blog comments powered by Disqus
  • Long Term Sustainability In the Nonwovens Market

    Long Term Sustainability In the Nonwovens Market

    August 23, 2016
    Learn more at Cleaning Products USA, Nov. 9-11, 2016

  • Fro Yo!

    Fro Yo!

    Tom Branna, Editorial Director||August 22, 2016
    Project Beauty dishes out Hairgurt, a line of vitamin-rich hair shampoos and conditioning masques.

  • TLC for Those Who Need It Most

    TLC for Those Who Need It Most

    Christine Esposito, Associate Editor||August 22, 2016
    New curriculum debuting at Bellus Academy helps estheticians treat a population that needs TLC.