Full text of G.16 Retail Furniture Report : August 5, 1954

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BOARD OF GOVERNORS uF SHE FEDERAL RESERVE SYSTEM
G.16

'

August 5, 195U

RLTAIL FURNITURE ISPCitT FOR JUNE 195U
Instalment accounts outstanding at furniture stores
at the end of June were practically' unchanged from the two preceding month-ends, and continued slightly below a year earlier.
Collections on instalment accounts during the month amounted to
12 per cent of balances, outstanding on the first of the month,
the same as in April and Lay.
Instalment sales increased slightly in June but cash
and charge-?coount sales were relatively unchanged. Each type
of trcn : J C tic:., however, was down from a year earlier. Total
-L
sales for the firr.t half of 1951; showed a decline of 11 per
cent compared vitlx the first six months of 1953, reflecting
decreases in each type of sale.
Inventories declined further in June, and at the end
of the month wore dorm 5 per cent from a month ago and 9 per
cent from a yoar ago. At the current rate of sale, stocks on
hand represented a U months' supply.

Furniture Store Statistics for June 195U

Item

percentage chance from:
Jan.-June 1953
Year
to
ago
Jan.-June 195L

lionth
ago

Net sales during month
Total
Cash
Instalment
Charge account

+ 2
0
+ 2
0

-

8
9
9
5

- 11
-10
- 12
- 5

Accounts receivable, at end of month
Total
Instalment
Charge account

0
0
- 1

- 5
- 3
-10

xxxx
xxxx
xxxx

Collection ratios on instalment accounts 1/

- 5

- 9

xxxx

June
195U

Inventories, end of month, at retail -value

May
195U

June
1953

12

12

1/ Collections during month as percentage of accounts outstanding
at beginning of month.




RETA.IL FURNITURE STORES - JU!!E 195U
Sales by Type of Transaction
(Percentage changes)

Total net sales

Federal
Reserve
District

Cash sales

Instalment
sales
Year
Month
ago
ago

Charge-account
sales
Month
Year
ago
ago

Llonth
ago

Year

- 2
' -16
-1U
-18
- 8
- 3
- 1
+ 3
-10
- 6
-12
- 5

+ 5
-10
+ 7
+ 2
+lli
-15
+ 6
- 1
- 2
+ 8
- 7
+ 1

- 9
-2U
-13
- 7
- 1
+ 2
- 2
+11
- 5
- h
-2U
-10

+13
- 7
- 2
- 6
0
- h
+ h
+ 9
- 7
+13
+ 6
+ 7

- 2
-20
-16
-20
-10
- h
- 2
- u
-11
- 9
- 7
0

+25
-12
- 1
-21
- h
-lU
0
-15
- 2
+ 8
- U
+ 7

+20
-13
- 6
-21
-10
+11
+10
-19
-1U
-11
-25
- 3

+ 2

TT. S. Total

Month
ago

+11*
- 8
- 3
- 6
+ 2
- 3
+ U
+10
- k
+11
+ h
+ 5

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

Year
ago

— 8

- 9

+ 2

- 9

0

- 5

0

Cumulative Sales by Type of Transaction, Instalment
Accounts Receivable, and Inventories
(Percentage changes)

Cumulative sales, Jan. - June
change from 1953 to 195L

Federal
Reserve
. District

Total

Boston
Mew York
Philadelphia
Clevelai d
Richmond^
Atlanta
Chicago
St. Louis
LinneapoHs
Kansas City
Dallas
San Francisco

Instal-

Chargeaccount

-10
-17
-13
-15
- 9
- h
-10
- 5
- h
-13
-12
- 9

U. S- Total
N. A. —

Cash
- 8
-15
-12
— 8
- 9
0
- 7
- h
- 3
- 5
-17
-11

-13
-21
-16
—13
-10
- 5
-12
-12
- 3
-19
- 9
-10

6
2
1
6
8
0
- 5
0
-10
- 6
-21
- 6

-11

-10

-12

- 5

Not available.




+
-

Instalment
Receivables,
end of month
Month
Year
ago
ago
- 1
- 1
0
- 1
0
0
0
+ 2
- 1
0
- 3
+ 1
0

Inventories
end of month,
at retail valut
Month
Year
ago
ago

I! .A.
- h
- 5
- 9
- 5
H .A.
- 3
+ 1
+ 1
-19
- h
V.A,

- l
i
- 6
- 6
- 5
- 3
- 9
- 6
-10
- 3
- 6
- 1
0

- 5
-17
- 9
- 7
- 8
- h
- 6
- 8
-15
- 9
-13
-10

- 3

- 5

- 9