Black Stats Frequently requested
data on African American consumers
Black Buying Power:
$836 Billion (2010)
Black U.S. Population:
Top Five Black Cities
- New York
Top Five Black Metros:
- New York-New Jersey
- Los Angeles
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. ______________________
Quick access to key stats
Click here to go to African-American Census Bureau
2010 by Target Market News Inc. All rights reserved
228 S. Wabash Ave.
Chicago, IL 60604
Johnson Publishing Co. to sell its iconic headquarters to Columbia
College Chicago (November
17, 2010) Johnson Publishing Co, Inc. announced today the sale of its
Michigan Avenue headquarters building to Columbia College Chicago and
launched its search for a new home as the legendary publisher opens the
next chapter in its history. The move is another step in JPC's corporate
strategy to advance its business plan and serve the current needs of the
"I am so proud that this wonderful building, which has served Johnson
Publishing so well since 1971, will continue to have a rich legacy under
the stewardship of Columbia College Chicago," said Linda Johnson Rice,
Chairman, JPC. "When we learned of Columbia's interest in preserving the
building and using it to expand opportunities for young people to study
visual, performing, media and communication arts, we knew this was an
opportunity that we should pursue."
Columbia College Chicago Board of Trustees Chairman Allen Turner said,
"The purchase of the Johnson Building offered us a rare opportunity for
much needed expansion, especially given that the space is central to our
South Loop campus. Just as important, we will have a part in preserving
the legacy of the Johnson Building and its legendary significance to all
"This building has historic and legendary importance to the city of
Chicago and to African Americans around the globe," said Columbia
College president Warrick Carter in a statement. "In our commitment to
appropriately honor Mr. and Mrs. Johnson and the building, a committee
of civic leaders and celebrities is being organized to help determine
the appropriate manner of recognize them."
JPC said that it currently utilizes only about 40 percent of the
building and moving its headquarters is part of the overall strategy to
reduce costs as it refocuses on the core functions of its publishing and
cosmetics businesses. JPC has had four company headquarters in Chicago
since its founding in 1942.
"The sale of 820 S. Michigan is part of the continuing evolution of the
company that my father and mother started in the early 1942s," said
Rice. "Just as when JPC moved to this location in 1972, my father would
be the first to say it makes good business sense to relocate to space
that serves the current needs of the company."
The 11-story, 110,000 square-foot historic building, which has been home
to EBONY and JET magazines as well as Fashion Fair Cosmetics for almost
40 years, was completed in 1972 as the first major downtown Chicago
building designed by an African-American since Jean Baptiste Point
DuSable's trading post, built two centuries earlier.
Terms call for JPC to continue to occupy the building under an 18-month
lease. The company will appoint a building committee to help determine
where to relocate its worldwide headquarters. The JPC building's sale
closed today. Financial terms were not disclosed.
JUST RELEASED New
'Buying Power' report: Black consumers spend as economy grows Details $507
1, 2010) 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 soon
to be issued 16th annual edition of "The Buying Power of Black America"
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...