View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

BOARD OF GCV2RKCR3 OF THE FEDERAL RESERVE SYSTEI:
G.16

August 3, 1955
RETAIL PURPETURE REPORT PGR JUNE 1955
Instalment accounts outstanding a t f u r n i t u r e s t o r e s
increased s l i g h t l y during June. Balances a t the end of t h e month
7rere 1 per cent above the preceding month and ii per cent above a
year ago. C o l l e c t i o n s during the month amounted t o an estimated
12 per cent of f i r s t - o f - m o n t h balances outstanding, the same as
both a month ago and a year ago.
Sales of r e p o r t i n g f u r n i t u r e s t o r e s decreased s l i g h t l y
i n June, r e f l e c t i n g d e c l i n e s of 1 per cent i n instalment and cash ,
s a l e s . Charge-account s a l e s vrere up 3 per c e n t . Sales of a l l
t y p e s , however, were moderately above a year a g o . During the
f i r s t half of 1 9 % s a l e s have been above t h e corresponding period
of 195U — instalment s a l e s by 10 per c e n t , charge-account s a l e s
by 12 per c e n t , and cash s a l e s by 6 per c e n t .
The r e t a i l value of f u r n i t u r e s t o r e i n v e n t o r i e s declined
3 per cent during June, but a t the end of t h e month ~ias 2 per cent
above a year ago. At t h e June r a t a of s a l e s , stocks on hand
amounted t o about a U months' supply.
F u r n i t u r e Store S t a t i s t i c s f o r June V)55

Item

Percentage change from:
Jan.-June 19^4
Year
to
ago Jan .-June 19 55

Month
ago

Net s a l e s during month
Total
Cash
Instalment
Charge account

+

Accounts r e c e i v a b l e , a t end of month
Total
Instalment
Charge account

+ 2
+ 1
-Ht

+ 8
+ h
+19

I n v e n t o r i e s , end of month, a t r e t a i l value

- 3

+ 2

June
1955
C o l l e c t i o n r a t i o s on instalment accounts 1 /

12

1
1
1
3

+ ?

+ 5.
+ 8
+14

Hay |
1055 J
12

+ 8
+ 6
+10
+12

XXX

June
19 Sh
12

1 / C o l l e c t i o n s during month as percentage of accounts outstanding a t
beginning of month.




- 2 -

RETAIL FURNITURE STCRES - JUNE 1955
S a l e s by Type of Transection
(Percentage changes)
Federal
Reserve
District

Total net sales
Month
Year
ago
ago

Boston
Kerr York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
"St. Louis
. Minneapolis
Kansas C i t y
Dallas
San Francisco

Instalment
sales
Month Year
ago

Cash s a l e s
Month Year
ago
ago

0

-

5

+

3

-

0

+13

-

2

+

2

-

2

+13

+

3

+

h

-

2

+

0

+

2

-

3

+10

0

+

6

-

2

+

6

- 1 3

+

2

-10

+

2

-

U

+11

-

5

+12

-

•

?

9

X
+12

-

3
1

-

7

-

3

+13

+25

+

3

-

+

3

6
U

+

2

- 5
+U2

+15

-

h

+

+

9

-

8

l

1

1

+

+12

+11

- 7
+22

+

5

+

5

:i

+U;

3

+13

-

2

+12

+

3

+17

-

1

-

1

+

'1

5

1

-

+

+

i

+23

-

3

8

2

+15

-

+

5

1

n.a.

+1U

; j

+

3

5

+

2

-

2

+

+

3
0

1

-

U . S . Total j

Charge-account
sales
Month
Year
ago
ago

9

+10

+

+

9

+

6

+

7

+11

3

1
,

Cumulative S a l e s by Type of Transaction, Instalment
Accounts Receivable, and I n v e n t o r i e s
(Percentage changes)
Federal
Reserve
District
Boston .
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San Francisco
U» S . Total

Cumulative s a l e s , J a n . - J u n e ,
change from 1951 t o 1955
Total
+

Cash

I n s t a l - Chargeaccount
ment

Instalment
receivables,
end of month
Month
Year
ago
ago
k

Inventories
end of month,
a t r e t a i l value
Year
Month
ago
ago

6

+

6

+

1

+15

+

2

-

-

2

-

3

- U
+ u

+

2

-

1

+20

1
1

-10

-

u

-

6

+

+

8

-

2

-

3

+

7

1

+

+

8

+15

+

+10

+12

+

+11

+19

+10

+10

+10

+

8

+
+

+11

+

9

+10

+16

+

7

+

1

+

6

+lii

+

5

-

7

+

7

+

5

+

6

+

3

-

h

-

1

-

1

-

6

-

2

0

+

5

-

5

+

5

2

+

7

-

5

+

7
8

+

1

+

5

0

+

8

-

3

+10

1

+11

-

1

-

-

5

+

7

3

+

6

0

+

U

3

+

2

5

-

2

+

8

+

1

-

+18

+

9

+23

+13

+

2

+19

+1h

+12

+18

+

8

+

2

+

+

+ 6

+10

+12

+

1

+

h

0

8

8

n.a.—Not a v a i l a b l e .




3

3

-

-

3