Study Says Hispanics Responsible for Significant Growth in Furniture Markets

Tip to Juan

“Hispanics in the United States, the fastest-growing minority group, are increasingly the major driving force behind revenue growth in many consumer product and service markets, according to The U.S. Hispanic Market, a new report from market research publisher Packaged Facts, a division of MarketResearch.com.

Hispanics were responsible for 15.6% of the growth in aggregate consumer expenditures that occurred between 1998 and 2003, the report noted. Total spending by Hispanic households increased by $140 billion during this period. Looking at specific markets, the report found that, between 1998-2003, Hispanics were responsible for nearly half (48.3%) of the growth in spending on cereals and cereal products and more than one-third (34.6%) of the growth in expenditures for furniture.”

Please notes some (many) sites require registration. Many times it is free.

from hispanictips.com :: hispanic-latino news & commentary
a Creative Inteligencia website

Stumble it! | |

Other posts that may interest you

Hispanics Responsible for Significant Growth in Consumer Markets

New Study Of Hispanic Retail Shopping Habits Reveals Price And Familiarity Drive Sales

Invasive skin cancer a growing problem in Hispanics

Invasive Skin Cancer A Growing Problem in Hispanics

Scarborough Research releases new findings about Hispanics and Latinos

Hispanics and Other Ethnic Markets Account for One-Third of Consumer Spending on Telecommunications, says Insight Research - Reports and Studies News from Send2Press Newswire Mon, 18 Sep 2006

Spanish TV Grows Nearly 17% in 2005

Hispanics, African Americans Show Strong Reconnection to Heritage, According to Yankelovich Multicultural Marketing Study; Trust Declines for African Americans, but Not for Hispanics

Daily Roundup October 6th, 2005

Sofa Mart(R) and Furniture Row(R) Outlet Raise over $195,000 to Aid World Vision's Mexico City Street Children Program