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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.16

April 1, 1953
RETAIL FURNITURE REPORT FOR FEBRUARY 1953

Total sales at furniture stores in February declined h
per cent from the preceding month, reflecting decreases of 10 per
cent in cash sales and 2 per cent in instalment sales; charge-account
sales were unchanged from the preceding month. Compared with a year
.ee
ago, total sales in February ' / r up 2 per cent as a result of increased credit sales; cash sales were J per cent belov/ a year ago.
;
Instalment accounts receivable at furniture stores decreased slightly during February, but at the end of the month v;ere
21 per cent above the same month last year. Collections on these
accounts decreased 9 per cent from January to February.
Inventories at furniture stores increased during February.
The retail value at the end of the month was 3 per cent above
January, but was 1 per cent below a year earlier. Merchandise on
hand amounted to approximately a 5 month's supply at the February
rate of sales.

Furniture Store Statistics for February 1953

Item

Net sales
Total
Cash sales
Credit sales:

change frcn:
Percentage i
Feb. 1V52
Jan. 1953
to
to
Feb. 1953
Feb. 1953
- h
-10
- 2
0

+
+
+

Accounts receivable, at end of month
Total
Instalment

- 1
- 1

+23
+21

Collections during month
Total
Instalment

- 9
- 9

+ 5
+ k

Inventories, end of month, at retail value

+ 3

- 1

Instalment
Charge account

MOTE:—These figures are preliminary and subject to revisi.on.




%
k
6
1

G.16

— 2. —
RETaIL FURIilTURE STORES - FEBRUARY 1953*
Sales and Inventories
Percenta ge change
Federal
Reserve
District

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

Inventories
| Credit sales
end of month ±/
Jan.'53 Feb.'52 Jan.'33 Feb.~^2 !Jan.'53 Feb.'52 Jan.'53 Feb.'52
to
to
to
to
to
to
to
to
Feb.'53 Feb.'53 Feb.'53 Feb.'53 Feb.'53 Feb.'53 Feb.'53. Feb.'53
Total net sales

-18
+22
+ 8
+ 5
+ 2
+ 3
0
- 5
+10
+ 2
+ 1
- 3
+ 5
- 3
+15: - +12
- 6
-11
+ 1
+ 5
--80
+ 1
-17

Cash I

-10
+11
0
- 2
+ 5
- h
-18+ 1
-13
-10
-16
-26

+ 8
- 5
- 2
- h
+ 6
+ 1
+3L
• -19
-13
- 8
- 5

-18
+10
+ 2
+ 1
+1h
+ 2
- 3
+17
- 6
+ 9
- $
-lu

+23
+ 9
+ 5
-5
+ 2
- h
+ 6
+13
-10
+ h
+ 3
+ h

+ 7
+ 7
+ 3
+ 1
+ 8
+ k
+10
+ 8
+ 1
- h

+3
+3
+3
-6
-3

+'u
+ $

+3
-h
-3
-6
+3
-1

U. S. Total

- h

+ 2

-10

- h

- 2

. + h
.

+ 3

-1

Number of stores

691

691

#9

$39

$39

539

1*62

1-82

1/ At retail value
Accounts Receivable and Collections

Federal
Reserve
District

Boston
i e v York
i;
. Philadelphia •
Cleveland
Richmond •
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

Percenta ge change
Accounts receivable, end of month
Collections i
during month
Total
Instalment
| Instalment
Total
Jan.'53 Feb.'52 Jan.'53 Feb.'52 Jan.'53 1 Feb.'52 Jan.'53
jFeb.'52
!
to
to
to
to
to
to
to
to
Feb.'53 Feb.'53 Feb.'$3 Feb.'53 Feb.'53 Feb.'53 Feb.'53 Feb.'53
- 3
- 1
- 2
- 2
- 2
- 3
- 1
!
- 3
! •- l
0
- l
+ l

+29
+22
+15
+18
+18
+31
+20
+22
+19
+33
+2li
+22

U. S. Total

- l

+23

Number of stores

j 612

612


-—February 1953 figures are


0
1
2
2
1
3
1
1
1
0
+ 2
0

1 +

-

1

211

+21
+23
+1U
+2li
+21
+19
+16
+25
+23
+20
+18
+20

-13'
- 9
-10
- 9
-16
-10
- 7
- 8
-11
-10
! -9
- 8

+13
+ o
+ 2
+ 1
+12
+ 2
+12
. + 3
- 2
+ 5
+ 3

-11
- 9
-10
-11
- 9
-12
- 3
-10
-11
-13
-11
- 7

+15
+ 3
+ 5
- h
+ 5
+ 6
+21
+ 2
- 6
- 3
+ 2

+21

- 9

+ 5

- 9

+ h

j 211

612

612

211

2n

preliminary and subject to revision.

;