Full text of G.16 Retail Furniture Report : December 4, 1946
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16 Q BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM 0,16 -... , December 4,- -1946 RETAIL FURIvITtjRE REPORT FOR OCTOBER 1946 R e t a i l f u r n i t u r e store s a l e s increased seasonally i n October, r e f l o o t i n g l a r g e gains i n the volume of both cash and c r e d i t t r a n s a c t i o n s . ' Cash and instalment s a l e s were s u b s t a n t i a l l y g r e a t e r than a year* e a r l i e r , while s a l e s made on charge account were up 67 per c e n t . , . I n v e n t o r i e s continued to. r i s e and on October 31 were more than one-half l a r g e r than on t h e corresponding d.ate' l a s t y e a r , At the end of October they amounted t o about- three and one-hajf inonths' supply a t the c u r r e n t r a t c ^ o f s a l e , s l i g h t l y more tha-n i n October 1945., Instalment accounts r e c e i v a b l e increased *3 per cent i n October, and exceeded the year-ago .level-by 25'per c e n t . The r a t i o of c o l l e c t i o n s during October t o instalment accounts outstanding on t h e f i r s t of "the month weis 27 per cent, two points higher t h a n i n the-preceding month, Instalment accounts were l i q u i d a t e d i n about six months, approximately t h e same average as f o r October a year ago, F u r n i t u r e Store S t a t i s t i c s . f o r October 1946 Percentage c]tiange from: September 1946 October 1945 to to October; " 19£6 October -1946 Net ssiles Total .Cash saleS, Credit s a l e s : 'Instalment - - * Charge account +15 +14 -. +19 +14 +37 +35 +26 - +67 Accounts r e c e i v a b l e , , a t end of month Total ' Instalment - > +3 • ;4 3 +36 +25 Collections during month Total Instalment • - +43 +29 V ; ' I n v e n t o r i e s , end of month, a t r e t a i l value • v . > . t , ; ! +12 >12 i • + 8 Note.—These f i g u r e s a r e preliminary and subject t o r e v i s i o n . . ! +58 RETAIL FBRKITURB STORES - OCTOBER 1946* Sales and I n v e n t o r i e s Federal Reserve District Percentaj%e change Inventories . Cash s a l e s Credit s a l e s end of month H Oct.* 45 Sept.* 46 0ct.*45 Sept.*46 Sept.* 46 Oct.*45 Sept.* 46 Oct.*45 to to to to to to to to Oct. *46 Oct .*46 Oct. *46 Oct,*46 Oct. *46 0ct.*46 Oct. *46 Oct.* 46 Total net s a l e s + 9 +25 +13 +12 +19 +24 + 8 +13 — 3 + 9 +15 +14 +35 +25 +26 +40 +38 +43 +33 +31 +41 +52 +28 +50 +13 +28 +14 + 8 • +14 +20 +11 + 6 + 1 + 8 ' + 9 +13 ' +46 +47 +30 +35 +37 +40 +33 +26 +44 +38 +15 +31 + 8 +26 +14 +14 ••20 -26 -10 + 7 - 4 + 9 +15 +16 +33 +17 *25 +44 +39 +45 +34 +29 +41 +60 +30 +58 + 6 + 5 +13 + 7 + 2 + 6 +10 + 6 + 6 + 7 + 7 +10 . +59 +64 +55 +47 +70 +51 +52 +78 +71 +74 +74 +52 U. S . Total +15 +37 +14 +35 +16 +38 + 8 +58 Number of s t o r e s 789 789 637 637 637 637 549 549 Boston New York Philadelphia Cleveland Ri chncnd Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco Accounts Receivable and Collections Federal Reserve District Brston New York Philadelphia Cleveland Richmond Atlanta Chicago ' S t . Louis Minneapolis Kansas City Dallas San Francisco Percentage change ccounts r e c e i v a b l e , e n d of month Collections during month Total Instalment Total Sept. 1 46 Oct.* 45 Sept. <46 Oct.*45 Sept.*46 Oct.*45 Sept.*46 Oct.* 45 to to to to to to to to Oct. '46 O c t / 4 6 Oct. 1 46 Oct.*46 Oct, *46 Oct.* 46 Oct. *46 Oct.* 46 +26 + 2 + + + + 4 4 5" 5 + 8 + 6 + + - 1 6 4 5» +26 +26 +38 +35 +36 +53 +28 +44+60 . +25 +43 + 6 + 2 + 4 + 3 • 4 + 6 + 1 + 6 .+ + + 1 3 . 3 4 +22 +27 +29 +32 +24 +32 •35+20. +28 442 +12 +12 + 9 + 9 +13 +16 +11 +13 + 9 *15 +10 •11 +40 +32 f30 +44 +41 +45 +39 +35 +63 +73 +32 +54 + 9 +12 +10 +17 + 8 +17 +12 + 5 +10 +19 + 8 + 5 +20 +34 +40 +33 +34 +38 +20 +51 +81 +34 +39 U. S. Total + 3 +36 + 3 +25 +12 +43 +12 +29 Number of s t o r e s 728 728 245 245 728 728 245 245 1946 f: gures aro preliminary and s u b j e c t t o r e v i s i o n . Digitized October for FRASER
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