Full text of G.16 Retail Furniture Report : April 5, 1957
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.16 April 5, 1957 RETAIL FURNITURE REPORT FOR FEBRUARY 1957 Instalment accounts outstanding at furniture stores decreased further in February. Month-end balances were 2 per cent below the level of the preceding month-end, and continued below the year-ago level. The ratio of instalment collections to firstof-month balances was 12 per cent, the same as a month ago and 1 point above a year ago. Total sales at reporting stores were up 2 per cent from January to February, reflecting a gain in credit sales offset in part by a decline in cash sales. Compared with a year ago, however, total sales were down U per cent. Combined sales for January and February this year also declined U per cent from the corresponding period of last year. Furniture Store Statistics for February 1957 Item 1 1 Percentage change fromT Jan.-Feb. 1956 Year to ago Jan.-Feb. 1957 Month ago Net sales during month Total Cash Instalment Charge account + 2 •10 -2 -u 0 Accounts receivable, at end of month Total • Instalment Charge account - 1 -2 - 1 -3 -U 0 XXX XXX XXX Feb. 1957 Jan. 1957 Feb. 1956 12 12 11 Collection ratios on instalment accounts 1/ ~ 1 • 2 -h -h -k -1 -i; -1 l/Collections during month as percentage of accounts outstanding at beginning of month. G.16 RETAIL FURNITURE STORES - FEBRUARY 1957 Sales by Type of Transaction (Percentage changes) Total net sales Federal Reserve District Month ago Boston York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco U. S. Total 0 + 8 + 3 + 6 + 3 + U + 5 +25 +17 + 1 - 8 -15 I Year ago Month ago + -I - a - 6 - 2 + 1 + 1 + 3 + 1 -10 -U - 8 - h InstaLnent sales Year Month Year ago | ~ ago ago H Cash sales f -30 - 2 - 2 - 7 -18 - U +1U + 7 + 2 + I t + 3 -12 -10 - 2 + 9 + 2 + h + 7 + 5 + 6 +12 +19 -10 - 8 -12 6 8 2 7 1 1 2 2 0 -16 - 3 - 6 -u - 2 + 2 - lU + 8 -•-10 -12 -16 rlO - 3 +12 + 10 + - h Cumulative Sales by Type of Transaction, and Instalment Accounts Receivable (Percentage changes) Federal Reserve District Cumul ative sales, Jan.-Feb., change from 1956 to lj>57 Total" Cash Instal- Charge-, ment account Boston New York Philadelphia Cleveland Richmond Atlanta -Chicago St. Louis Minneapolis Kansas City Dallas San Franciscc . U. S. Total Instalment receivables, end of month Month Year ago ago — -5 -8 +U -7 + a - 7 - 5 - 9 - 3 +11 + 5 0 0 + 3 - h - 3 7 8 2 8 2 - 3 - 6 - 1 - 6 -11 + 6 - 8 - 5 + 6 0 + 5 - 7 - 1 + a + a -1 - 9 + 2 - 8 -1 -2 -3 -2 -3 -2 -2 -2 -1 -3 -1 -1 -5 -13 ; - 1 + 5 0 0 + 2 0 - 1 r 20 •11 + 3 -a - 1 -It - 1 -2 - a -5 -7 "2 -7 0 -1 -2 +2 Charge-account sales Month Year ago ago + 1 + 3 - 7 +15. -12 +12 + 3 +1U + l - 7 - 5 -11 0 - 1 + 3 >16 + a +18 +11 + 6> +13 + 22 + 10 1 j 0