Full text of G.16 Retail Furniture Report : April 4, 1951

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.16

April h, 1951
RETAIL FURNITURE REPORT FOR FEBRUARY 1951

Sales at retail furniture stores declined 7 per cent in February,
reduced volume being reflected in each type of transaction. Cash and
charge-account sales were down 12 per cent and 1U per cent, respectively,
while instalment sales were 3 per cent below the January level. Both
cash and charge-account sales continued in substantially larger volume
than a year ago but instalment sales were unchanged.
Instalment accounts receivable at the end of February were 2 per
cent below those of the previous month but were 7 per cent larger than on
the corresponding date last year. Collections on these accounts declined
9 per cent during the month resulting in a collection ratio of 10 per cent,
the same as in the preceding month.
Inventories were increased h per cent during February and at the
end of the month were 37 per cent larger than on the corresponding date
last year. At the current rate of sale these stocks amounted to approximately 6 months' supply as compared with 5 months' supply a year earlier.

Furniture Store Statistics for February 1951
Percentage change from:
Feb. 1950
Jan. 1951
to
to
Feb. 1951
Feb. 1951

Item

Net sales
Total
Cash sales
Credit salesi

- 7
-12
- 3
-14

+11
+19
0
+36

Accounts receivable, at end of month
Total
Instalment

- 3
T- 2

+13
+ 7

Collections during month
Total
Instalment

-11
- 9

+17
+ 7

Inventories, end of month, at retail value

+ 4

+37

Instalment
Charge account

NOTE.—These figures are preliminary and subject to revision.




RETAIL FURNITURE STORES - FEBRUARY 1951*
Sales and Inventories
Percentage change
Inventories
end of month 1/
Jan.'51 Feb.'50 Jan.'51 Feb.'50 Jan.'51 Feb.'50 Jan.*51 Feb.'50
to
to
to
to
to
to
to
to
Feb. 51 Feb.'51 Feb.'51 Feb.'<1 Feb.'51 Feb.'51 Feb.'51 Feb.'51
Petal net sales

+ U
+ 6
+11
+12
- 3

-Ik
0
- h
- ii
- 2

Credit sales

Cash sales

-13
+ 2
-11
-27
- 7
- 1
-12-22
-16
-16
-25
-15

+lli

-lit
+ 7
- h
0
0
+ 2

+2k

+ 7
+ 9
- 2

- 2
- 8

- 7
- 6
-11
-15

+ 9

+L5
+*1
+u5
+u0
+32
+1:0'

*23
- 5
+29

+liO
+10
+32

+ 1
- 5
- 5
- 5
- 8
-13
-Hi

+ 1
+12
+22
- 1
+28

U. S. Total

- 7

+11

-12

+19

- 6

+ 9

Number of stores

712

712

599

599

599

599

+19
+12
+ 2
+ X
+18
>14,
+38

+30
+35

+h3

+12
+lii
- 3
- 7
+ 9
+ b

+ 2
- 1

+37
k88

|

498

1/ At retail value.
Accounts Receivable and Collections

Federal
Reserve
District

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
U . S . Total
Number of stores

Percentage chance
Accounts receivable, erd of month
Collections during nonth
Total
Instalment
Instalment
Total
Jan.'51 Feb.'50 Jan.'51 Feb.'50 Jan.'51 Feb.'50 Jan.'51 Feb.'50
to
to
to
to
to
to
to
to
:
Feb..'51 Feb.'51 Feb.'51 Feb.'51 Feb.'51 Feb.'51 Feb.'51 Feb.'51.'
-

U

2
2
2

h
3
3
u
2
6
2

+ 7
-- + 9
+11+
+13
+ 7
+ 6
+11
+ 9
+13
+21
+ 1
+30

- k.

- 2
- 3
- 3
-

1
2
u
2
0

- h
- 2

+ k

+ 8
+ 12
+ 8
+ 5
+ 2
+ 6
- 1
+17
+ 17
+ h
+ 3

.

-10
-12
- 7
- 9
-. 8
-12
-11
-11
- 3
- 6
-11
-12

+15
+ 3
+19
+23
+16
+ 10
+1U
+ 8
+18
+29
+16
+31

'

-11
-11
- 5
- 8
-

u

+ 2
+ 2
+ 16
+2li
+20

-12

- 6

-12

+ k

0
-10
- 6

+ 11
+ ?
+26
+35
+2S

- 3

+13

- 2

+ 7

-11

| >17

! - 0

> 7

6U3

6L3

} 237

237

( oii3

| 6JU3

| 237

237


* February 1951 figures are


preliminary and subject to revision.