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 Black Stats          
Frequently requested data on African American consumers

Black Buying Power:
  $719 Billion (2005)

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.

Click here for more stats from "The Buying Power of Black America."
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WPP names Torrence Boone to lead new global agency, Project Da Vinci
 
(May 20, 2008) WPP, one of the world's leading communications services groups, has announced that Torrence Boone has been named Chief Executive Officer of Project Da Vinci, the new global agency being built to meet the worldwide marketing needs of its first client, Dell Inc. Boone previously served as president of Digitas Boston.
 
Project Da Vinci, as it is currently called, consolidates Dell's worldwide marketing services, previously handled by more than 800 firms. As Project Da Vinci's first chief executive officer, Boone, 38, will oversee the agency's mandate to provide highly creative, results-orientated marketing that engages customers, enhances brand equity and, most importantly, creates value for its clients.
 
"Project Da Vinci is bold and innovative. The opportunity to play a leadership role in the creation of a new agency, built-to-spec, with an ambition to redefine the client-agency relationship, comes along perhaps once in a lifetime," said Boone. "I'm thoroughly excited about Project Da Vinci's prospects and look forward to working with an exceptionally talented team to tackle the marketing challenges of Dell and other clients in today's dramatically changed media, marketing and customer landscape."
 
To date, Project Da Vinci has attracted world-class talent across every marketing function, filled all of its leadership positions, and hired more than 500 employees -- nearly half of its full-time staff. Domestic office locations include New York, Austin, Miami and San Francisco, and a presence in established and emerging markets including London, Sao Paulo, Singapore and Beijing.
 
Boone will be based in the agency's New York headquarters. He will report directly to Sir Martin Sorrell, Chief Executive Officer of WPP.
 
"The goal from the start was to design and build a new kind of marketing organization, that not only provides unique solutions for Dell, but meets other clients' marketing needs and does so using developments in technology to guide and measure its marketing decisions," said Sir Martin Sorrell, Chief Executive of WPP. "Torrence is ideally suited to this critically important leadership role. His deep experience across multiple marketing disciplines and his reputation as a developer of innovative marketing programs make him uniquely qualified to lead Project Da Vinci as we focus on reinventing the approach for integrated marketing services. We believe that Project Da Vinci will provide a template for other clients with similar desires."
 
Boone's career in marketing services spans more than 10 years. Prior to joining Digitas in 2001, Boone was vice president/general manager for the interactive agency Avenue A, where he was in charge of strategy, account management, media, and creative services for the New York operation. Previously, Boone was a senior manager at Bain & Company, where he was a leader in the healthcare/pharmaceuticals and consumer products practice areas, and advised a broad range of clients on corporate and business unit strategy, mergers and acquisitions, new product development, and interactive strategy.
 
Boone holds a B.A. in economics, with honors, from Stanford University, and an M.B.A. from Harvard Business School.


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14th Edition Now Available!

Latest Buying Power report shows spending up in major categories

The 2007 edition of "The Buying Power of Black America" has just been released by Target Market News. The one-of-a-kind report is the most quoted source of information on how African-American consumers spend their $744 billion in income.

According to the newest edition of "The Buying Power of Black America," there is growth in a number of major product categories despite that slowdown in overall consumer purchases. Get the details by ordering your copy now.

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