New Book Looks At Targeting Of Affluent African American Consumer Market
Style News Wire | 3/23/2010, 10:10 p.m.
"This is an exciting time for luxury brands. With research to support that they can reach affluent African Americans on and offline, affordably and measurably, the book helps readers avoid missteps, mistakes and misperceptions so that marketing efforts can translate into sales," said co-author Hoffman.
While blue chip brands including Gucci, Sony Electronics and Aston Martin have embraced this rich buying segment, other brands neglect to target this under-appreciated and overlooked demographic, leaving money on the table. Black is the New Green illustrates how to embrace this market, boost bottom line and accomplish this lucrative goal in an affordable, measurable way.
"Current economic challenges have led smart marketers to focus on new consumers with untapped spending power," said co-author Burnett. "The affluent African American community has been a well-kept secret for too long."
"Black is the New Green," published by Palgrave Macmillan ($35.00; Hardcover; ISBN-10: 0-230-61684-4; ISBN-13: 978-0-230-61684-4) hit bookstores last week.