Concentration
in Major Markets:
-2 out of 5 people in urban centers of the country (Los
Angeles,
New York, Miami, Chicago, etc) are either African American,
Hispanic
or Asian American. A growth spurt of 39% during the
last decade.
Financial Power:
-According to the Selig Center for Economic Growth,
Urban market
buying power is estimated to be over 2 Trillion Dollars
by 2007.
Influencers and Trendsetters:
-Urban consumers establish the buying habits/trends
for the rest of the country.
-Urban consumers are technophiles that focus on music,
communications, wines & liquors, interactive. |