3/10/2008
The Center for Media Research reports on a study sizing up the black women's market. The report was prepared by Miriam Muley, CEO of The 85% Niche, who points out that women make 85 percent of American's purchasing decisions.
According to Muley, the black women's market is one of the fastest-growing and most influential segments in business today. Their buying power is expected to grow to $600 billion in 2008.
As of 2004, there were more than 500,000 black-women-owned businesses in the United States, with revenue of more than $21 billion. Muley concludes that "corporations will be increasingly more dependent upon diverse women of color to achieve company sales targets."
Click here to read the complete paper.
Posted by Eve Gumpel 3/10/2008