Full text of G.16 Retail Furniture Report : December 2, 1943
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM . . . !*. ..... - . December 2* 19U3 R&S r f t - 18 RETAIL FURNITURE REPORT FOR*OCTOBER 19U3 R e t a i l f u r n i t u r e s t o r e s a l e s showed l e s s t h a n the u s u a l s e a s o n a l r i s e from Septemb&r t o October and f o r t h e f i r s t t i n e s i n c e l a s t March were below t h e y e a r - a g o l e v e l . Cash and i n s t a l m e n t s a l e s showed l e s s t h a n t h e customary e x p a n s i o n in" October b u t cash s a l e s c o n t i n u e d i n l a r g e r volume t h a n a y e a r a g o . Charge-account s a l e s remained somewhat above t h e 19^2 l e v e l . Cash and c h a r g e a c c o u n t s a l e s comprised a s l i g h t l y l t y g e r p e r c e n t a g e of t h e t o t a l i n O c t o b e r t h a n i n September. I n s t a l m e n t s a l e s , now a c c o u n t f b r „ a r o u n d f i v e - e i g h t h s of t o t a l s a l e s a s compared w i t h more t h a n t w o - t h i r d # a yeecr a g o . I n v e n t o r i e s c o n t i n u e d t o d e c l i n e a t a b o u t th6 same r a t e as i n o t h e r r e c e n t months and a t t h e end o f October amounted t o a b o u t f o u r months' s u p p l y a t t h e c u r r e n t r a t e o f s a l e , compared w i t h a p p r o x i m a t e l y f i v e months' supply; a t the end o f October 19^i2. * I n s t a l m e n t a c c o u n t s o u t s t a n d i n g a t the end o f October remained a t t h e l e v e l of t h e p r e c e d i n g month. Thf r a t i o of c o l l e c t i o n s d u r i n g October t o i n s t a l ment a c c o u n t s r e c e i v a b l e on t h e f i r s t of t h e month r o s e to 22-por c e n t and was f o u r p o i n t s above t h a t f o r October o f t h e p r e v i o u s y e a r . These a c c o u n t s a r e now c o l l e c t e d in a b o u t e i g h t months, compared w i t h an a v e r a g e c o l l e c t i o n p e r i o d of about t e n months a y e a r a g o . . F u r n i t u r e S t o r e S t a t i s t i c s f o r October 19U3 P e r c e n t a g e change f r o m : Oct. 1 9 ^ to S e n t . I9I42 t o ; 0 o t . 19U3 O c t . 1943 * Net s a l e s Total Cash s a l e s Credit s a l e s : • • Instalment Charge a c c o u n t Accounts r e c e i v a b l e , a t end of month; Total Instalment C o l l e c t i o n s d u r i n g month Total Instalment I n v e n t o r i e s , end o f month; a t r e t a i l v a l u e * 6 + 8 -12 + 3 +10 •Hi t 8 >15 -33 -33 0 0 -19 -22 -2k + 5 + 6 - 2 - 2 . . RETAIL FUHHTUHE STORES - October 1945 # S a l e s and i n v e n t o r i e s ' net sales Total F e d e r a l Reserve District P e r c e n t a g e v.. change f r o m : Oct. Sept, 1942 1945 Boston Now York P h i l a d e l p h i a •Cleveland Richmond Atlanta Chicago S t . fouls Minneapolis Kansas C i t y • Dallas 3 an Franc i s co U. S . T o t a l - 6 - Number o f s t o r e s 1/ • 972 At r e t a i l value;, sales Credit sales Percentage change f r o m : Oct. 1 S e p t . 1942 1945 +12 - 2 + 14 - 4 +20 + 7 + 6 +12 +20 - .5 +48 + 13 .+ ^ ' ,+12 +' 9 +24 +17 . + 9 +15 +54 +26 +14 +12 + 9 + 7 +18 +19 + 2 + 7 - 1 + 8 +10' + 6 + 6 . +10 +13 ' -12 - 3 - 9 -12 -10 -.7 -10 - 1 - 2 +13 + 7 - 8 Cash . ; Percentage change f r o m : Oct. 1942 -13 - 3 -10 -16 - 6 -12 -10 - 6 - 5 + .3 + 3 -14 Sept, 1943 Inventories end o f month - / Percentage change f r o m : Oct, Sept. 1942 1943 + 7 ' -21 +19 -32 +19 • - 1 9 + 2 -33 -21 • - 6 -27 + 5 - 9 + 8 -26 + 6 -13 -2D + 3 + 10 -26 +17 -20 j + + - 1 2' 4 2 3 3 4 6 2 1 4 o +10 + 8 +14 - 8 +10 -24 - 2 972 762 7.62 762 762 . 66l 661 ' . Accounts R e c e i v a b l e and C o l l e c t i o n s Accounts r e c e i v a b l e , end o f month Total Insta lnent Percentage Percentage from: change f r o m : Oct. Sept. Oct. Seot. 1942 1945 1942 1945 F e d e r a l Reserve District Bos t o n •lev.- York Philadelphia Cleveland Richmond• Atlanta Chicago S t . Louis Minn.: ano l i s Kansas C i t y Dallas San F r a n c i s c o Total Number o f s t o r e s 0 + 5 0 - 3 - 2 2 - 2 + 1 - 5 ,- 1 - 1 .+ 1 -24 -28 -36 *36 -35 -32 -27 -29 -31 - -34 -32 —4o . 0, . -33 , 885 | 885 , -25 -50 -56 -52 -56 -29 -55 -33 -28 ' -67 -4i -4i . - 4 + 2 0 - 3 - 1 - 5 - 1 0 - 2 -10 - 1 0 C o l l e c t i o n s d u r i n g month Total Instalment Percentage Percentage e f r o m : "chanige • from: Oct, Sept. Oct. Sept, 1942 1942 1945 1945 -19 -17 -22 -25 -25 . -22 -18 -21 -14 -10 - 8 . "22 -55 0 -19 551 551 885 + 7 + 8 + 5 + 5 + 8 + 6 * 7 + 6 + 6 + 5 + 8 - 5 . ,+ . 5 . 885 -25 -22 -21 -19 -25 -25 -26 ^22 -10 j -55 -19 -25 ! | ! j < + 1 + 6 + 8 +11 + 9 + 6 + 7 + 8 + 7 - l + 4 - l -22 i + 6 351 i 551
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