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 Black Stats  
Frequently requested data on African American consumers

Black Buying Power:
 $836 Billion (2010)

Black U.S. Population:
 41.1 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 $203.8 bil.
 - Food $65.2 bil.
 - Cars/Trucks $29.1 bil.
 - Clothing $29.3 bil.
 - Health Care $23.6 bil.
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Nelson Mandela's 46664 organization to establish apparel line for revenues

(March 21, 2011) The South Africa-based 46664 organization has announced a licensing agreement with Cape Town-based Seardel Investment Corporation Limited that will see the launch of a 46664 global apparel brand in the second half of 2011.

The 46664 organization was established in 2002 as an independent, not-for-profit organization. It takes its name from the prison number (prisoner number 466 of 1964) given to Mr. Mandela when he was incarcerated for life on Robben Island, off Cape Town, South Africa. Mr. Mandela gave his prison number to the organization as a permanent reminder of the sacrifices he was prepared to make for a humanitarian and social justice cause he passionately believed in.

The announcement by Nelson Mandela's multi-faceted global campaign was made by 46664 board member, Achmat Dangor, at The Nelson Mandela Foundation in Johannesburg. Joining Dangor was Seardel's CEO, Stuart Queen and Wayne Bebb, CEO of Brand ID.

Dangor praised the ethical grounding of the agreement. "Anyone in the world can use 46664 as a framework for doing good within their communities," he said. 

The 46664 Apparel is the first global apparel brand to emerge from South Africa and is designed to stand alongside the world's most high-profile wardrobe building brands. The mens and ladieswear inaugural ranges will make their local debut first, with a standalone experiential concept store in the African business hub of Johannesburg in August 2011. This will be followed by elements of the range being made available through selected local independent retail outlets.

International distribution is likely to start in 2012 with plans for business partners and a roll-out strategy well underway. In addition, an e-tailer element to a standalone website will allow individuals worldwide to purchase items from the range online.

The launch of the 46664 Apparel is a significant step in 46664's pursuit of the sustainability needed to take forward the humanitarian legacy, social justice projects and global awareness and prevention campaign, of its founder, Nelson Mandela.

"46664 has evolved to become much more than a global HIV/AIDS awareness and prevention campaign," commented Dangor. "The work of the organization encompasses Mr Mandela's humanitarian legacy as well as confronting and inspiring action to address the broader social injustices in our society. To do this effectively, 46664 needs reliable and sustainable income streams, something we believe the 46664 Apparel can significantly contribute to."

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New "Buying Power" report: Black consumers spend as economy grows
Details $507 billion in expenditures

African-American consumers are cautiously increasing their spending in some key product categories, even as they continue to make adjustments in a slowly growing economy. The finding comes from the 16th annual edition of "The Buying Power of Black America" report published by Target Market News..

In 2009, black households spent an estimated $507 billion in 27 product and services categories. That's an increase of 16.6% over the $435 billion spent in 2008. African-Americans" total earned income for 2009 is estimated at $836 billion...

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