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BOARD OF GOVERNORS OF E E FEDERAL RESERVE SYST3I
. 0.16

»

-

.

August 3, 1951
-

RETAIL FURNITURE REPORT FOR JUNE 1951

Sales a t furniture stores, "which customarily decline in June,
-..•ere li per cent less than i n May. Declines were' reported f o r each
type o.f transaction, but cash and instalment sales f e l l only s l i g h t l y
below the preceding nonttib' volume. Compared with a year ago t o t a l *
sales were down it per cent, r e f l e c t i n g a decline in instalment sales,
v.liich account f o r a substantial share of the t o t a l .
Instalment accounts receivable continued to decline, and
showed a 5 per cent drop from a year e a r l i e r . Collections on i n s t a l - ,
r.ent accounts were up 2 per cent i n June and, vihen related to accounts
outstanding on the f i r s t of the month, resulted in a collection r a t i o
of 11 per cent, the same as for May.
Inventories at f u r n i t u r e stores were reduced 5 per cent
during the month, but continued about one-third larger than those
carried a year e a r l i e r . Stocks on hand on June 30 represented about
o months' supply at the current r a t e of sale as- compared with about
4 months' supply a. year e a r l i e r .

Furniture Store S t a t i s t i c s for June 1951
Item
Net sales
Total
Cash sales
Credit sales:

;

-

Instalment
Charge account

-

.

'

. ..

Percentage change f r c a :
June 1950
Kay 1951
to
to
June 1951 June 1951
-It
" -1
-1
-7

- h

-

+10
-10
+ 5

Accounts receivable, a t end of month
Total
Instalment

•2
-2

- 3
- 5

Collections curing month
Total
i
' .
Instalment

-1
+2

' +10
+ 6

Inventories, end-of month, a t r e t a i l value

-5

+31

KfOTE:—These figures are pi-eilmnnry and subject"to revision.




G#16

- 2 -

HSTAIL FURNITURE STORES - JTOE 1951*
Sales and Inventories

Federal
Reserve
District

-

- U

- 1

723

567

h

723

: l

+20
+13
- 2
-12
-15
-11
- 2
- 7
+ 3
0
-13
- 3

+ u

+27
+30
+32

+ 1
+ 5
- >
-11
+ 3
+ 2
- 5

- 2
- ;
- ii
- 5
- 1
-19
- 8

-11
+ 3
-11
- 6

- 1
-10
0

+10

- h

- 7

+31

567

567

567

5

- 1
-17
- h
- 1h
- 7
0
-11
0

- 1
- 1

1

U# S e Total
Number of stores

+ 3
+ 3
- 9
-10
+ 5
- l
- U
-16
- 5
+ 2
-11
- 7

* 1 1 1 1 1 1 1 1 1 1 1

Boston

iJevr York

PhilaJclphia
Cleveland
Richmond
Atlanta
Chicago
S t , Louis
: Minneapolis
Kansas City
Dallas
San Francisco

Percentaj?e change
Inventories
Credit sales
Cash sales
Total net sales
end of month 3/
Hay '51 Juno *50 Hay 151 June *50 llay *51 June *50 I lay *51 June'50
to
to
to
to
to
to
to
to
June *51 June *51 June'51 June'51 June'51 June'51 June'51 June'51

L9;

-%
- 1
—Id
+ 5
+11
+ 8
+ 7
+ 3
- 3
+1U

%
+2n

+26
+22
+3r

+33
+UL+36

1/ At r e t a i l value#
Accounts Receivalbe and Collections
Federal
Reserve
District
Boston
Met? York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St# Louis
I Minneapolis
Kansas City
Dallas
San Francisco

Percentage change*
Collections during month
Accounts receivable, end of month
Instalment
Total
Instalment
Total
I fay '51 June'50 May '51 June'50 I Tay '51 June'50 Hay '51 June'50
to
to
to
to
to
to
to
to
June'51 June'51 June'5l June'51 June'51 June'51 June'51 Jun6'5l

2
u
3
1
2
3

- 5
-21
-5
-12
- h
+ h
- 6
+ 9

+
+
-

U. S . Total

- 2

- 3

- 2

- 5

- 1

+10

+ 2

+ 6

Number of stores

6L9

6U9

2li3

2li8

61*9

619

2U3

2li8

*

+
-

2
2
2
2
1
h

-10
+ 2
+ 3
-

h

1
2
1
2
2
2
1
3
k

1
1'
L.

- 3
+ 3
+13
+17
+16
+ 1
+ 6
+ 3
+12
+23

- 2
- 1
0
+ 2
+ 1
- 2
- 2
+ 2
0
+ 1.
- 2
- 1

- U
+ 5
+13
+16
+11
-12
+ 7
+ 5
+10
+11
+11
+26

- 2
+ 3
0
+ 3
+ 7
+17

+ 7

June 19^1 figures are preliminary and subject t o r e v i s i o r u




-

- 3
0
+ 2
-12
-11
-16
-13
-19
- 1
+ 3
+ 2
-13

h

0
+ 3
+ 2
+ 5