Full text of G.16 Retail Furniture Report : August 3, 1951
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2W i • . ^ B A D OF GOVERNORS OF E E FEDERAL RESERVE SYST3I OR . 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
