Full text of G.16 Retail Furniture Report : April 4, 1947
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- - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.lS
Apiil L, 19U7
.
| RETAIL /VKJITUPJE REPORT
FOR FEBRUARY 19h7
Retail furniture store sales increased seasonally in February, and
oontinued .well above the yWr-ago level. Cash sales declined slightly and were
k per cent below the year-ago volume., Instalment sales increased slightly, as
is usual in February, while charge-account sales rose 23 per cent. Both instalment and charge-account sales were substantially larger than in February 19 U6.
Inventories increased 7 per cent and on February 28 werfe 73 per cent
larger than a year earlier. At the end of the month they amounted to about four
.and one-half months' supply at the current rate of sale, as compared with approximately three months' supply at the end of February a year ago.
. Instalment accounts receivable were one per cent less than in January,
•but showed a gairj of 30 per 'cent over the corresponding date of 19U6. Collections
on instalment accounts decreased 9 per cent, and the ratio of collections during
February to accounts outstanding on the first of the month w as 22 per cent, one
point JLower than in the preceding month. The average repayment period for
instalment accounts outstanding in February was about eight months.
Furniture Store Statistics for February 19U7 1
Percentage change from:
January 1 % 7 • February 19U6
to
to
February 19U7 February 19h7
Ilet sales,
Total
Cash sale/s
Credit sales: Instalment
.
Charge account
:
Accounts receivable ,* "at end df month
Total
Instalment
Collections during month
<
Total
•
Instalment
j
{Inventories, end, of month, at retail value
. '+ 6
- 3
4-7
. *23
+17
-h
+20
+17
'
4 2
- 1
. +10
+30
- 8
- 9
»
+ 7
+30
+17
x
Z"
+73
•Note.—Based on reports from eleven Federal Reserve Districts. These figures
tare preliminary and subject to revision. ;
RETAIL FURNITURE STORES - FEBRUARY 19U7*
Sales and Inventories
Percentage change
Federal Reserve
District
Inventories .
Credit sales end of month =*
Jan.'U7 Feb.'16 Jan.'U7 Feb. «U6 Jan.'L? Feo.'U6 Jan. 'U7 Feb. 'Ii6
to
to
to
to
to
to
to
Feb.'17 Feb.'U7 Feb.'17 Feb. 'U7 Fob.'U7 Feb.1U7 Feb. '17 Feb. 'U7
Total net sales
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
%
+ 5
+ 3
- 8
• 2
- 5
+ 3
+ 8
+ 1
• •3
+ k
+ 8
•16
+12
+11
+13
* 5
•Hi
+25
+12
+31
Cash sales
• 2
• 3
-19
+16
0
-19
• 6
> u
- 3
+33
+22
+11
+ U
+ 7
+12
+87
+57
+U3
-10
-ii
-17
- 8
- 9
• 2
0
-lli
- 3
+ 6
+11
-1
+ 8
+ 6
•Hi
+25
+22
+18
*23
+15
+19
+li3
+25
+li6
+*9
+ 5
+ 5
+ 6
+ 3
+ 6
+ 5
+10
+69
+71
•63
+72
+83
+119
+127
+85
+
+
+
•
1
5
l
3
2
U.S. Total 2/
• 6
+17
- 3
- ii
• 9
+27
+ 7
+73
Number of stores
68L
68U
519
5U9
5ii9
5L9
U3!i
L8L
1/ At retail value
2/ Based on reports from^eleven Federal Reserve Districts.
Accounts Receivable and Collections
Federal Reserve
District
Boston
"ew York
Philadelphia
Cleveland
Ricjinond
Atlanta
7
;
Chicago
'
St. Louis
Minneapolis
Kansas City •'
Dallas
San Francisco
(J. S. Total 2/
dumber of stores
Percentage change
Accounts receivable, end of month
Collections during 1
Instalment
Total
Total
Instalment
Jan.'U7 Feb. 'b6 Jan.'17 Feb. 'U6 Jan.'U7 Feb.'16 Jan.'U7 Feb. *1*6
to
to
to
to
to
to
to
to
Feb.'17 Feb. »h7 Feb.'U7 Feb. »1*7 leb.'Jb? Feb. 'It7 Feb.'U7 Feb. 'U7
0
- 1
- 2
+23
>39
429.
- 6
1
- 3
+ 8
+37
+26
-18
-10
-11
+20
+2ii
+23
-10
-10
-lli
+ 8
+19
+17
-'U
- 2
+ 1
- 2
+ 1
+ 2
- 2
+26
43U
430
f
0
- 1
0.
- 2
+ 1
+30
+19
+26
+25
+31
r
V
+12
+13
+25
+ 9
+2ii
+29
+15
+23
+27
+2li
+lli.
+22
+51
+27
+51
- 8
- 7
- h
~~ 0
+ 2
- 8
- 1
- 5
- 7
-10
-11
- 3
-- 9
- 7
- 8
V
- 1
+30
- 8
+30
- 9
+17
237
62k
62k
237 '
237
..
33
t3°
436
+62
428
+ 2
•liO
62k
62k-
V
237
V
- 9
February 19b7 figures are preliminary and subject to revision.
1/forWithheld
to avoid disclosure of operations of individual establishments.
Digitized2/
FRASER
Based on reports from eleven Federal Reserve Districts
+16
+31
@FedFRASER