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data on African American consumers
Black Buying Power:
$679 Billion (2004)
Black U.S. Population:
Top Five Black Cities
- New York
Top Five Black Metros:
- New York-New Jersey
- Los Angeles
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
Get quick access to key
Click here to go to African-American Census Bureau
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Inc. promotes Sheryl Hilliard Tucker to newly created executive editor
27, 2006) In an announcement made to the Time Inc. staff on April 21, John
Huey, the company’s editor in chief, promoted two editors to replace
exiting corporate editor Isolde Motley with new posts that restructure the
top management of the world’s largest magazine publisher.
Effective immediately, Sheryl Hilliard Tucker (above) and Scott Mowbray
are appointed to the newly created posts of executive editors of Time Inc.
“In addition to working closely with me, these two will be available to
the editors of the magazines,” wrote Huey in a staff memo. “They will be
able to assist in everything from reader research projects to redesigns,
restructurings, and launches. At times they may be posted to individual
titles, on staff, doing everything from substituting for an editor to
implementing new approaches.”
Tucker’s new responsibilities come just six months after her appointment
to the editor at large position, assisting magazines in need of a
turnaround. She is currently engaged in such a project as acting deputy
editor of “Health” magazine.
The memo also said that “in her new position, Sheryl will focus on talent
management and will also be responsible for implementing a formal and
ongoing audit of content diversity in all of our titles.”
Huey characterized the role Tucker has played at Time Inc. by saying
“Sheryl is an outstanding manager with a talent for serious multitasking.
She is one of those people who gets things done well and on time and with
a minimum of fuss.”
Prior to her editor at large duties, Tucker was
executive editor of
“Money,” where for the past decade she has managed some of the title's
most important franchises, including the Americans and their Money survey,
the Money Summit, and special projects such as the re-launch of “Your
Company” (now “Fortune Small Business”). A year ago, she emerged as one of
the key architects of “Money” magazine's successful redesign.
Before joining Time Inc., Sheryl was vice
president and editor-in-chief at “Black Enterprise” magazine. She has
edited several books, including “Prime Time: African American Women’s
Guide to Midlife Health and Wellness, and she is co-author of the recently
published book “Tomorrow Begins Today: African American Women as We Age.”
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Annual Edition Available
'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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