$3.5 trillion – That’s how much Latino, black and Asian American shoppers will spend on goods and services in 2015, according to the University of Georgia’s Selig Center for Economic Growth. Retailers like Macy’s are gearing up to sell more clothes, cosmetics and home goods to minority shoppers, and they’re seeking out suppliers who specialize in those markets. Macy’s predicts its sales of products from minority- and women-owned businesses will top $1 billion within two years.
Check out the cool map from the Wall Street Journal Online. Roll over the map to see population and growth rates by race for every state.