Full text of G.16 Retail Furniture Report : April 7, 1950

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
J#ril 1, 1950

G.16
RETAIL FURNITURE RE:CRT FCR FEBRUARY 1950

~

Retail furniture store sales in February were U per cent larger
than in the preceding month and 11 per cent above the volume of a year
earlier. Host of the increase during the month was attributable to the 8
per cent expansion in instalment business. Charge-account and cash sales
exceeded the January figures by only 2 per cent. Instalment sales, which
have b:-en above those of a year earlier fcr five consecutive months, were
one-fifth larger in February than similar transactions in the corresponding
month of 19h9. Charge-account sales, on the other hand, equaled the yearago volure for the first time in approximately a year and one-half.' Cash
sales continued smaller than in 19a9.
Instalment accounts receivable declined moderately during February
but at the month-end were about one-fourth above the amount outstanding a
year earlier. Collections also decreased as is usual in February, and the
collection ratio remained at 10 per cent. In February 19U9 the ratio was
two points higher.
Retail value of inventories was built up 5 per cent during the
month but on February 28 was 7 per cent smaller, than on the corresponding
date of 19it9« Stock on hand represented about'five months' supply at the
February rate of sale as compared with nearly six months' supply a year
earlier.
- .
Furniture Store Statistics for February 1950
Percentage change from:
Jan. 1950
Feb. 1919
to
to
Feb. 1950
Feb. 1950

Item

Net sales
Total
Cash sales
Credit sales: Instalment
Charge account

+ L
+ 2
+ 8.

Collections during month
Total
Instalment
Inventories, end of month, at retail value

+25
+26

1 I

Accounts receivable, at end of month
Total
Instalment
v

+ h
+ 6
+

5

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




+11
7
+22
!
0

•

- 7

L
G.l6

- 2 FiTAIL FUHIIILT^ STGELS - FEBRUARY 1950*
Sales and Inventories
Percentage change

Federal
Reserve
District

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

Inventories .
Credit sales
end of months/
Jan.'50 Feb.'u9 Jan.'50 Feb.'1-9 Jan.'50 Feb.'U9 Jan.'50 Feb.'19
to
to
to
to
to
to
to
to
Feb.'50 Feb.'50 Feb.*50 Feb.'50 Feb.'50 Feb.'50 Feb.'50 Feb.'50
Total net sales

Cach i
sales

- 6
+ 6
+10
+ 9
+ 7
+ 9
+ 9
+11
+18
+ 5
0
- 5

+ 2
+ 5
+1U
+12
+17
+18
+ 3
+22
+13
+17
+10

- 5
+13
- l
- 3
+17
- 6
+ h
+13
+37
+ 5
-20
- 9

-13
-16
- 9
- 9
- 7
- 9
- 2
- 3
+22
- 1
-17
- h

U. 5. Total

+ U

+11

+ 2

738

738

571

- 6
+l
li
+11
+11
- +6
+12
+ 9
+ 7
+17
+ 5
+ 5
- 5

- 7

Mumber of stores

571

+2h

+29
+10
+ 7
+13
+15
+20
+25
+ 1
+26
+17
+21
+11

+ 6
+ 7
+6
+ 9
+11
+ i
i
+ 7
+ 6
- 2
+ 5
+ l
+ 2

+ 6

+15

+ 5

' - 7

571

571

509

509

- 0
- 7
- 2
-13
+ 3
- h
+ 1
- 3
- 6
-11
- h
-12

Accounts Receivable and Collections

Federal
Reserve
Districts
Boston
Few York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
jallas
Can Francisco

Percentage ,
change
Accounts receivable3end « month Collections during month
of
-lnent
Tot;
Inst,
al
ar.n
Inst,l r e t
Jan.'50 Feb.'19 Jan.'50 Feb.'L9 Jan.'50 Feb.'1*9 Jan.'50 Feb.'19
to
to
to
to
to
to
to
to
Feb.'50 Feb.'50 Feb.*50 Feb.'50 Feb.'50 Feb.'50 Feb.'50 reb.'50

A

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

i

+35
+23
+12
+21
+b3
+20
+38
+25
+31
+23
+35
+17

0 -

U. 5. Total

- 2

+25

- 2

Ilupber ~of stores

65k

65L

21*2

i

+1*0
+25
+12
+33 +2L
+21
+:i
Jl
+33
+35
+10
+29
+29

- 6
- 7
- 6
- 6
-10
- 3
- I
t
- 7
- 5
-13
- 7
-17

+19
+ 9
- 1
- l
i
+11
0
+ 7
+13
+19
+ 6
+ 3
- 3

+ 1
- 8
- 2
- 2
-11

+*
19
+ 9
- h
+ 3
- 6
+ 5
+ 3
+ 3
+21 •
+21
+ h
- 9

+26

- 1
- 3
- 1
0
- 1
- 2
0
- 2
- 2
- 6

- 9

+ h

- 5

+ 6

212

651

65L

2h2

Digitized February 1950 figure's are preliminary and subject to revision.
for FRASER


+
-

2
6
7
6
7

- I