Full text of G.16 Retail Furniture Report : February 12, 1943

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

'

February 12, 1943
R&S rft - 8

RETAIL FURNITURE REPORT FOR DECEMBER 1942
- Retail furniture store sales showed about the usual marked
rise.from November to December but continued 3 per cent below the
corresponding period of 1941. In the'western districts sales were
larger than a year ago. Cash sales were considerably larger and
charge, account sales somewhat larger than in December 1941, while
instalment sales were smaller than a year ago. Instalment sales
amounted to 69 per cent of the total in December 1942, compared with
77 per cent in December 1941.
Inventories declined further in December. They now-amount
to less than four months• supply et the current rcte of sale as compared with eight months1 supply in July and three and one-half at
the end of 1941.
Instalment accounts receivable showed no change from the
November level but decreased 34 per cent from the sane month last
year. Collections on instalment accounts also remained unchanged
from November but were 1 per cent larger than a year a»o. The ratio
of collections in December to charge accounts receivable on the first
of the month was 70 per cent, an increase of 12 points from the preceding month.
Furniture Store Statistics for December 1942

Percentage chen^e from
December 1341 xc November 1942 to
December 1942
December 1942
Net sales
Total
Cash sales
Credit sales: Instalment
Charge account
Accounts receivable, at end of month
Total
Instalment
Collections during month
Total
Instalment
Inventories, end of month, at retail
value

-35
-35*

•

+ 1 '
0*

0
+ 1*

+ 2
0* '

+ 6

- 9

* Based on reports from eleven Federal Reserve Districts.




+32
+52
+25*
+25*

- 3
+48
-13*
+ 6*

RETAIL FURNITURE STORES - DECHISZR. 1942
Sales and Inventories

Federal Reserve
. District

Total net sales
Percentage
change from
Dec.
Nov.
1941
1942

Boston
Hew York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

p-10
- 9
-14
- 8
- 7
'- 6
+ 4
+ 3
+ 6
+17
+19
p+13

p+22
+27
+38
+34
+24
+41
+37
+36
+21
+28
+35
p+23

U . S . Total

1- 5

+32

llumber of stores

806

1 826

At retail value.

Cash
Percentage
change from
Dec. Nov.
1941 1942

p+38 p+86
+36
+37
+85
+43
+92
+46
•
+33
,
+45
+59
+47
+61
+47
+22
+43
+53
+61
+53
+69
+33
+44
p+78 p+38

:

Credit sales
Perc<sntage
chani;e from
Dec. Nov.
1941 1942

Inventories ,
end of month-/
Percentage
change from
Dec. Nov.
1941 1942

p-17 p+12
+25
-17
>16
+22
+27
•13
+25
-15
+40
-13
. -10 +20 ,
+35
0
+ 9
- 4
+ 7
+22
+ 9
+23
p+ 5 p+23

p- 3 p+ 7
+ 4
— 8
+11
-11
+15
- 7
- 7
-11
+11
- 9
+14
-10
+ 7
- 9
+10
- a
+ 7
-13
-11
- 4
p- 6 p-10

+43

+52

-11

+25

+ 6

— 9

570

603

570

603

539

558

p = Preliminary.
Accounts Receivable and Collections

Boston
Tew'VYork
Philadelphia
Cleveland
Richmond
Atlanta
Chicago,
St. Louis
Minneapolis
^Kansas City
Dallas
San Francisco
U. 3. Total
Number of stores

II

Federal Reserve
District

Accounts receivable, end of month
Total
Instalment
Percentage
entage
change from
ee from
Dec. Nov.
Dec. Nov.
1941 1942
__ 1941 1942
——
——
p-36 p- 3
+ 3
+ 2
-33
-34
0
+ 1
-33
-31
- 3
-36
- 2
-38
+ 1
- 1
-37
-37
+ 2
+ 2
-37
-37
-33
- 1
0"
-32
+ 6
y
-35
y
- 4
-34
- 3
-Z9
- 2.
-32
0
-35
+ 2
+ 2
-34
-39
p-34 p 0
p-29 P+ 3
0*

-35.

+ 1

-35*

725

751

333' | 368 =

Collection:
Total
Percentage
change from
Dec.
1941 1942

z month
Instalment
Percentage
change from
Dec. 1 Nov.
1941 jl342

p- 3 p- 2
+ 1
- 5
+ 2
- 2
-. 4
0
- 3
- 1
+ 4
+ 5
+ 2
0
- 7
0
+ 4
+ 7
+11
+ 6
+13
+,7
p+11 p- 3

- 3
- 1
+ 2
- 1
- 6
0
- 6
- 6
+ 2
+ 4
. 0
0
y
y
+ 6
+20
+ 8
+ 7
+ 2
+16
p+26 p-10

+ 2

+ 1*

0*

725 1 754

338*

368*

0

p = Preliminary.
* Based on reports from eleven Districts.
Digitized l/
for""ithheld
FRASER
to avoid disclosures, but included


-

in U. S. totals.

.