Full text of G.16 Retail Furniture Report : April 1, 1953
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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. ;
