Full text of G.16 Retail Furniture Report : August 3, 1949

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

*

-

G.16
RETAIL FURNITURE REPORT FOR JUNE 19U9

F u r n i t u r e s t o r e s a l e s were down s e a s o n a l l y i n J u n e , and c o n t i n u e d
about o n e - t e n t h below t h e l e v e l of a y e a r a g o . Cash and i n s t a l m e n t s a l e s d e c l i n e d 1a per c e n t and 3 per c e n t , r e s p e c t i v e l y , from Way, Charge-account
s a l e s , which a r e c u s t o m a r i l y s m a l l e r i n June than, a month e a r l i e r , i n c r e a s e d
1 per c e n t . S a l e s f o r eaefc type of t r a n s a c t i o n were l e s s than the y e a r - a g o
volume, t h e d e c l i n e s r a n g i n g from 6 p e r c e n t f o r . i n s t a l m e n t s a l e s t o 23 per
c e n t f o r cash s a l e s .
I n s t a l m e n t a c c o u n t s r e c e i v a b l e i n c r e a s e d f u r t h e r i n J u n e , and a t
t h e end of the month were lit per c e n t above l a s t y e a r * s l e v e l . C o l l e c t i o n s
on i n s t a l m e n t accounts f e l l s l i g h t l y below the May volume, b u t the r a t i o of
t h e s e c o l l e c t i o n s t o a c c o u n t s o u t s t a n d i n g on t h e f i r s t of t h e month remained
a t 13 per c e n t . The average repayment p e r i o d f o r i n s t a l m e n t accounts o u t s t a n d i n g i n June was n e a r l y l £ months, a somewhat l c n g e r p e r i o d than a y e a r
earlier.
^
I n v e n t o r i e s were reduced 6 p e r c e n t i n J u n e , and were 13 per c e n t
s m a l l e r than a y e a r a g o . At t h e end of t h e month t h e y amounted t o about U
months' supply a t t h e c u r r e n t r a t e of s a l e .
F u r n i t u r e S t o r e S t a t i s t i c s f o r June 19U9
P e r c e n t a g e change f r o m :
June 1 9 Z + 8
, May 1949
to
to
June 19U9
June 19U9

Item
Net s a l e s
Total
Cash s a l e s
Credit s a l e s :

Instalment
Charge a c c o u n t

-3
-k
-3
+1

Accounts r e c e i v a b l e , a t end of month
Total
Instalment

+2
+2

C o l l e c t i o n s d u r i n g month
Total
I:uc ti2:r.ent

-1
-1

'
;

I n v e n t o r i e s , c-nd of month, a t r e t a i l v a l u e

-6

Note .—These f i g u r e s a r e p r e l i m i n a r y and s u b j e c t t o r e v i s i o n .




-12
-23
- 6
-16

.

+ 8
•it-

-

- 7
-3
-13

G.16

- 2 „

RETAIL FURNITURE STORES - JUKE 1949*
Sales and I n v e n t o r i e s

1

1

Feder al Reserve
District

change

Inventories
end of month V
May '49 June'46 May '49 June'48 May '49 June'4b May '49 June *48
to
to
to
to
to
to
to
to
June'49 June'49 J u n e ' 4 9 June'49 June'1*9 June'49 June'1^9 June'49
Cash 1s a l e s

Credit skies

+ 5
- 5
0
-Hi
- 6
- 3
-10
- 5

0
+ 3
- 6
-12
-13
- 2
-12
- 3
- 1
- 2
- 1
+ 3

Total n e t s a l e s

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chi cago
S t . Louis~
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

+ 1
+ 1
- 5
-12
-11
- 2
-10
- 6
+ 2
0
+ 1
0

- 7
-10
- 6
-15
- 5
- 3
-11
- 9
-16
-13
+ 5

U. S . Total

- 3

-12

-li

-23

- 3

- 9

- 6

-13

750

750

602

602

602

602

537

537

Number of s t o r e s

-21

+10
+ h

5
- 6 .

*

-Hi
-27
- 3
-18
-13,
-12
-22
-2U
-25
-23
-13
-32

- 6
- 6
- 3
-lii
- 6
- 2
- 8
. - li
-15
-11 .
+ 9
-18

- li
- 5
- 8
-10
- 7
- 7
- 6
- 3
- 1
- 6
- 3
- 6

-12
- 8
-15
-Hi
- 9
-13
- 8
-10
-19
-16
- 9
-16

Accounts Receivable and C o l l e c t i o n s

F e d e r a l Reserve
District

Percentage change
Accounts r e c e i v a b l e , e n d of month
C o l l e c t i o n s during month
Total
Instalment
Total
Instalment
June'4fc
May '49
i'iay '49 | J u n e ' 4 b Kay '49 J u n e ' 4 3 May '49 J u n e ' 4 8
to
to
to
j to
to
to
to
to
June'49 June'49 June'49 June'49 June*49 J une' 49 June'49 June'49

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chi cago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

+2
+2
+6
+1

+2
>15
• 8
- 1
+12
+15
+ 9
+ 6
+ 8
+2
+18
- 1

U. S . Total

+2

+ 8

*2

+14

! -1

- 7

-1

- 3

693

693

221

221

• 693

693

221

221

Number of s t o r e s

+li

•1
+1
+1
+2
+li

+2
*2

Digitized
*' for
JuneFRASER
19U9 f i g u r e s a r e p r e l i m i n a r y


0
+1
+1
+1
-1
+3
+2
+3
+1
+6
+6
+5

+ 5
+17
+ 6
0
+ 1
+18
+13
+11
+ 9
+2.8
+2!i
+16

+ii
-Ji

0
+1
-h

-1
+2
-1
+4
+1
0

-2

and s u b j e c t t o r e v i s i o n .

- 9
- 1
3
-11
- 2
- 1

- li

-5
-13
- 9
0
-17

+3 •
-2
0

+2

- 1
O
- 8
-13

-12

-9
+1
+5
+1
+5

+3
- 7
- 6
-10

-2

+ 1
- 7

+li
+li

- li