Full text of G.16 Retail Furniture Report : June 30, 1945
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYS TEL; ... . . .. .. M e 30, 1945 R&S r f t - 37 •'RETAIL FUPJilT^.SBPORI FOR .MAY 1945 . % . . <"• . R e t a i l , f u r n i t u r e store* s a l e s i n c r e a s e d ' e i g h t ptei* c e n t i n May, r e f l e c t i n g s e a s o n a l g a i n s i n b o t h caslj and i n s t a l m e n t s a l e s . Charge•account s a l e s showed a sm&ll c o n t r a s e a s o h a l d e c l i n e , and were a b o u t onet e n t h s m a l l e r t h a n t h o s e - o n t h e c o r r e s p o n d i n g d a t e - l a s t y e a r . Of t h e t h r e e t y p e s of t r a n s a c t i o n , only c a s h , s a l e s were i n l a r g e r volun.e t h e n : "in kay 1944 • -» '- • ' - I n v e n t d r i e s c o n t i n u e d t o i n c r e a s e s l o w l y ; and a t t h e end of t h e m o n t h were n i n e - p e r c e n t above t h o s e h e l d e y e a r e a r l i e r . On May 31 t h e y ' a m o u n t e d " t o n e a r l y f o u r months' supply a t t h e c u r r e n t r a t e cf s a l e , a s : •compared w i t h a b o u t t h r e e and one ••half months' supply on t h a t d a t e l e s t year. " ' . • I n s t a l m e n t .accotints r e c e i v a b l e remained a t t h e l e v e l o f t h e p r e v i o u s month, and wore i n c b o u t t h e • s a m e volume as a y e a r a g o . The • r a t i o o f • c o l l e c t i o n s d u r i n g %ay t o i n s t a l m e n t a c c o u n t s . o u t s t a n d i n g . o n t h e f i r s t cf t h e month was 23 p e r c e n t , t y o p o i n t s below t h a t f o r t h e c o r r e sponding p e r i o d of 1944.* T h e s e . a c c o u n t s a r e new - c o l l e c t e d " i n a p p r o x i m a t e l y seven and o n e - h a l f months, a s compared w i t h a b o u t seven months . i n May 1944. 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 Lay 1945 P e r c e n t a g e change f r o m : A p r i l 1945 Lay 1944 to . to"-' ; May 1945 May 1945 . •••' Ket s a l e s Total ' Cash s a l e s Credit s a l e s : *• . • ' ' 1 - Instalment Charge a c c o u n t •" Accounts - r e c e i v a b l e , a t end of month Total * I n s t a l m e n t >• • > • C o l l e c t i o n s d u r i n g month " Total , I n s t a l m e n t »• .. * ; ; ; * - + 8 : * 8 *10 - 3 - 2 •8 - 4 -11 + 1 » 0 V 0 0 ; | ; • ' I n v e n t o r i e s , end cf month, a t r e t a i l v a l u e " • 3 . • 3 + 2 . .0 ' - 1 • 9 • • RETAIL FURNITURE STORES - MAY 1945 S a l e s and I n v e n t o r i e s Percentage 3 change Inventories , T o t a l n e t s a l e s Cash Credit sales F e d e r a l Reserve end of month z i District A p r / 4 5 Kay ' 4 4 Apr .*45 May ' 4 4 A p r . ' 4 5 hay »44 Apr . ' 4 5 May ' 4 4 to to to to to to to to May *45 May *45 May *45 May *45 May ' 4 5 May *45 May ' 4 5 May ' 4 5 Boston Kew 1 crk Philadelphia Cleveland Richmond Atlanta Chicago . S t . Louis Minneapolis _ . Kansas C i t y Dallas San F r a n c i s c o U, S . T o t a l , Number of s t o r e s T/At • + 5 + 8 • 5 +16 +15 +23 +11 + 5 + 2 + 4 + 2 + 6 *16 +16 .+ 8 + 5+ 3 • 4 + 9 + 5. 0 + 5 +10 + 7 -12 - 1 - 7 -10 - 3 + 4 -4 - 2 + 2 + 4 + 1 - 2 +18 +17 +13 +11 * 2 0 • 5 + 8 • 4 ;' + i i +15 + 6 - 3 + 3 + 8 + 5 +12 +16 + 4 + 9 •19 +19 +17 + 6 +16 +16 + 8 + 5 • 3 + 3 + 6 + 7 - 2 + 2 + 8 + 6 • 8 - 2 + 8 + 8 • 7 - 6' + 2 + 9 871 871 701 701 701 701 590 590 -13 - 2 -11 -11 - 7 + 2 -11 - 4 ' - 3 - 1 - 4 - 8 . - 2 0 - 2 . + 2 + 2 + 2 0 + 2 ! - 9 1 +5 + 2 + 7 .. r e t a i l value Accounts R e c e i v a b l e ar.d C o l l e c t i o n s Accounts r e c e i v a b l e , end of monthC o l l e c t i o n s id u r i n g month F e d e r a l Reserve Total Instalment Total Instalment District A p r . ' 4 5 IHay ' 4 4 A p r . ' 4 5 May *44 Apr.* 45 May ' 4 4 Apr.*45 Lay ' 4 4 to to to to to to to to May ' 4 5 May ' 4 5 May ' 4 5 Kay 1 4 5 Lay *45 May ' 4 5 May ' 4 5 May ' 4 5 Boston Kew York Philadelphia Cleveland Richmond Atlanta Chicago St,.-Lcui s Minneapolis Kansas C i t y Da1la s San F r a n c i s c o - + 1 - 1 0 + 2 • 2 0 . + 2 + 2 + 1 + 2 0 0 » + + + + + + - r 6" 2 1 6 7" 2 6 41* 6 4 •0 - 2 +• 1 + 3 + 1 • 1 + 1 0 + 2 + 1 + 3 - 3 . b- U . S . Total + 1 . - 0 . Number of s t o r e s 801 801 328 - 8 + 1 + 7 + 3 +13 - 6 - 2 + 5 - 7 +15 1 - - +13 . 0 • 1 + 6 + 2 + 4 + 3 - 2 - 4 + 1 + 3 + 4 -Te - 3 - 3 . o • 3 +11 - 2 + 2 - 6 + 4 - 1 - 1 +22 + 3 0 + 6 + 1 + 4 + 4 • 1 + 3 • +2 - 1 +. 7 9 5 1 1 0 +11 -13 - 3 * 5 -22 - 1 0 - 0 + 3 0 • 3 - 1 328 801 801 328 ' 328