Full text of G.16 Retail Furniture Report : August 22, 1942

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
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Not. i or publicatiqii':.
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August 22, 1942
R&S r f t - 2

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RETAIL FURNITURE REPORTTORJUNE 1942

Sales a t r e t a i l f u r n i t u r e stores declined s u b s t a n t i a l l y in June and -con**
tinued well below the 1941 l e v e l . This was due in large p a r t to the f u r t h e r curtailment in June of s a l e s on instalment. During the p a s t year instalment sales
have declined from more than 80 per cent to about 70 per cent of t o t a l s a l e s . There
was a corresponding r i s e in the proportion of cash s a l e s . Cash sales showed a small
decline from May t o June but were 36 per cent above June of l a s t y e a r . Inventories,
which are about one and one-half times as large as a t t h i s time l a s t year, were
s l i g h t l y below those f o r May 1942,
Accounts receivable continued to decline while c o l l e c t i o n s showed a f u r ther increase over the year ago l e v e l . The r e s u l t a n t r a t i o of c o l l e c t i o n s to outstandings was considerably above t h a t f o r the corresponding month l a s t year.
RETAIL FURNITURE STORE DATA FOR JUNE 1942

Federal Reserve
District

Credit Sales
Total Net Sales ..Cash Sales
Percentage
Percentage
Percentage
change from change from change from
May
May, June
June
May
June
1942
1941
1942
1942
1941
1941

Inventories,
end of month
( a t r e t a i l value)
Percentage phange
from
May
June
1942
1941
+35 .
+59 .. + 2
0
+60
+7
+78
' +36
r 1
- . 2
+49 :
. + 2
+73
+ 1
+43
- 2
+40
+1
+43
0
+35
-14
+44

Boston
Pew York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas City
Pallas
San Francisco

-17
-25
-15
-26
-23
-33
-23
i-18
r-17
-11
-24
- 9

- 7
—18
T*14
-23
-15
—20
—18
-13
- 9
- 9
r 4
.*• 3

+44
+ 7
+25
+43
+35
+57
+39
+54
+55
+65
+45
+54

+ 6
<-10
-11
-15
T 5
-13
-16
-10
+ 5
f 3
0
+14

-22
-32
-22
-30
—38
-39
-37
-23
—24
-16
-30
-14

T 8
-19
-15
rr23
*•18
-23
r-20
rl3
-17
- 9
- 7
- 2

U, S, Total
No, of s t o r e s
reporting

-22

-13

+36

- 5

—28

—14

+46

2

753

731

586

593 ' 586

593

477

500
•

Note; Figures shown are preliminary and subject to revision

1

•

CONFIDENTIAL
NOT FOR PUBLICATION

•2-

RETAIL FURNITURE STORE CREDIT, JUNE 1942

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas City
Dallas
San Francisco

t

•

S. Total x
No. of storesreporting

-13
-15
-15
-16
-22
-16
-19
-19
—16
-17
-19
-12

- 6
- 7
- 5
- 7
- 7
- 5
- 5
- 7
- 5
— 6
- 2
- 3

-17

- 5

Instalment
accounts
receivable
end of month
Percentage

i
I

Federal Reserve
District

Total
accounts
receivable,
end of month
Percentage
change jFrom
June
May
1941 1942

May
June
1941 1942

Total
collections
during month
Percentage
. change from
June
May
1941 1942

Instalment
collections
during month
Percentage
change from
May
June
1941 . 1942

' U
-15
—14
—16
-22
-17
-22
-17
-15
-20
—19
- 9

-5
- 7
- 5
- 8
- 7
. — 4
- 8
— 6
- 5
•- 6
— 6
— 6

+20
+21
+24
+21
+15
+17
+ 9
+25
+20
+26
+23
+26

+ 2
+10
+ 1
0
- 3
—4
- 2
+ 1
— 2
+ 1
+ 1
+ 5

+23
+22
+24
+20
+15
+15
+ 4
+31
+18
+23
+27
+44

- 1
+ 9
+ 1
— 4
- 3
- 6
— 3
+ 3
+1
+ 5
+ 3
+ 5

-16

— 6

+21

+ 2

'+22

+ 1

688

" 1 389

407

•

676
, •

688"

389

407

676

.«*

Notes Figures shown are preliminary and s u b j e c t , t o r e v i s i o n .