Full text of G.7.2 Monthly Department Store Sales, Selected Cities and Areas : July 12, 1934

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R E S E R V E

B O A R D
July 10, 1934
R&S "rtp - 115

For release in evening papers
Thursday, July 12

>"

DEPARTMENT STORE SALES IN JUNE 19 3^
Preliminary report
Preliminary figures on the value of department store sales show a decrease from
May to June of somewhat more than the estimated seasonal amount. The Federal Reserve
Board's index, which makes allowance for differences in the number of "business days
and for usual seasonal changes, was 73 in June on the "basis of tba 1923-1925 average
as 100, compared with 77 in each of the three preceding months*
In comparison with a year ago, the value of sales for June according to preliminary figures was 9 per cent larger. Reported increases compared with last year
are shown for all Federal Reserve districts, the largest increases "being in the
Atlanta, Dallas and Richmond districts. The aggregate for the first six months of
the year was IS per cent larger than last year.
PERCENTAGE INCREASE OR DECREASE FROM A YEAR AGO
June*
Total
Federal Reserve districts:
Boston
New York
Philadelphia
Cleveland

+

9

January 1
to
June 30*

Number of
reporting
stores

Number
of
cities

+ 18

622

341

+ 7
+ 4
+ 13
+ 18

+
+
+
+

12
10
13
28

56
54
33
33

30
27
15
13

Richmond
Atlanta
Chicago
St« Louis

+ 21
+ 33
+ g
4*

10

+
+
+
+

21
36
25
23

53
1+5
52
38

24
24
25
21

Minneapolis
Kansas City
Dallas
San Francisco

4444-

6
12
23
1

+ 13

130
20
24
84

110
l4
9
29

+ 21
+ 30
+ 12

* June figures preliminary; in most cities the month had the same number of "business
days this year and last year.