Full text of G.16 Retail Furniture Report : December 3, 1948

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OF. T & FEDERAL' RESLRVti SYSTEM
0.16

.. i

Dec:

v R E T A I L FURNITURE; REPORT FOR OCTOBER 19U8 }

Total sales at credi^-granting. fxirnlture stores were 12 per
cent lower in October'than in the preceding ;oonth, although some increase
is customary duririg this period. The -decrease was attributable to a
contraseasonal- decline-'in instalment sales partly offset by moderate
gains in cash and charge-account sales. .In comparison with year-ago data,
however, both cash and charge-account sales continued to show decreases.
.Instalment; sales wiere also below the October 191*7 volume^, the first yearto-year decrease ih about three years.
Instalment accounts receivable were down slightly in October,
but remained well above the year^agb level. Collections on instalment accounts were made somewhat more rapidly than fn September, and the rati#
of these collections to accounts outstanding;on the first of the month
moved up one point to 18 per cent. The averige repayment period for
instalment accounts outstanding in October was 10 months, about two and
one-half months longer than in the corresponding month of 19U7.
Inventories increased 5 per cent further in October, and were
17 per cent larger than those held by credit-granting retail furniture
stores a year earlier. At the end of the month the dollar value of stocks
wa<| equal to about five months1 supply at the current rate of sale.

FurnitureStore Statistics for October 19U8

Percentage change from:
Sept. 1 9 W Oct. 1%7
to
to
Oct. 19U8 Oct. 19li8
Net sales
Total
Cash sales
Credit sales:

Instalment
Chargfe' account

Accounts receivable, at ehd of month
Total
Instalment
Collections during month
Total
Instalment
.t

F r «-%

'•

—

-

-13
-2$"
-11
- 6

0
• 1

•ZiO
•36

• 5
• • 3

£ 8
• 7

>- ..

|

>

Inventories, end of month, at retail value
•

-12
•A
•20
•11

,

••*.5
.;

Note.—These figures are preliminary and subject to revision.




•17

G.16

-2RETAIL FURNITURE STORES -.OCTOBER 191*8*.
Sales and Investories
.Percentalie .change
Inventories
Credit sales
end of month 1/
Sept. '1*3 Oct,«i*7 Sept. *1*8 0ctv.U7 £ept. *JUQ 0ct»'k7 Sept. >1*3 Oct.'1*7
1
to
to ,
:to . ' «j ;io
to
to: - /
to
to."
Oct.'»1*8 Oct. '1*8 Oct.'•'•lift jOct.'US Oct* 0*8 Oct.1 li8 Oct. '1*8 Oct.<U8

Federal Reserve
District

Total net sales.

Boston
Hew -York
Philadelphia
Cleveland
Richmond
Atlanta .t
Chicago^:
St. Louisi
Minneapolis
Kansas City/.
Dallas
San Francisco

% 8
:
- 5 ^ ' - 9
-21
T12
- 9 '
-10
+17
- 7,
+ 8 ..
-12 1 "-11.
- 7
•17 * '
- 5r
-20
+11 .
•-35.
* 6
-10
-lit
1
' + .8
,-16
-19
-ib.
-17
Tl5" 4. 2
- U: - rlX
+ 2
, -31
-17
3
- 5- * •12
. "I 2

U. S. Total
No. of stores

:

,

7%
•
'M
1/ At retail value.

Cash sales

8
t 2 '
-23
>.6
s
• 6
-20
- •>
-11 .... +1*
-11*"-17
-10
-10
- 3
• 9
•11
-32 . -i*o
-19 «' '•lO' •
-28
-19
- 9
• -16
-19
-32
• 5 \ •'
• 8
-12
-21*
-12
. - 6
• u;
-23
-9
• 8 :-'
• v*36 • *'-16
-33
0
'•
-13
.: - 3
';+l
'—
7,
' >17"

-13v..

T25

*16

789

62$

625-

.

6 2

*

.' • -10

• 5

62$

555*

v

;

•15
•17
0
•11
•31
•16
•15
+25
• 5
•13
•16
+20

t17
555

. Accounts Receivable and Collections
Percentalge change
Recounts receivable,, end -of month •
Collections during month
:
'
Tjc^ alInstalment
Federal Reserved
Totc.1
Insta!
Sept. ' W Oct.•U7 Sept.* U8 Oct. '1*7 Sept. '1*8 Cct.'h? Sept.'U6 Oct.'1*7
District
, t to
to
to
to..
to
to .
to
to ..
cjct. rJb8 0'ct..i[i8- Oct, -»li8 Oct .-<1*8 Oct. »1*8 Oct.'1*8 Oct. *1*8 0ct.*U8
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis ~
Kansas City
Dallas
San Francisto-*
U . S . Totalt
No. of stores "

• + 1
.-1,,
!
Or!
' - 2
;
+ 2
'
- 2
- 1
- 1
0
. 0
2
!• i
;
0
-710

•2b
•39
•If
+37
+1*0
+18
+38
+50
+28
+30
+57
+14
+u6

. 710 •

+ 2
- 2
- 1
1/
L-2
- 1
0
- 1
0
- 1
- 2
+ 1

+ 8
+38
+1*2
1/
+57
•31
•1*2
+1*3
+33
+1*8
+37
+37

-1

+36

-21*8-

+ 1*
+ 1*
•11 '
+ 2 -•
+16
' + 2-' t1
+ 5
+ 8
+ 1
+ 1*
+ 2
• 6
-• + 5

+ 1
+ 1
+ 9
•10
1/
•26
+10
• + 9 . + 2
•10
• 7
+ 1*
+ 1*
0
- 3
•+:-2- - + 3
• 6
- 3
+10
• 7'+ If
+ ?

•

. : + 8'

+ 3

21*8"
• 710
21*8
: """710
-u
* October 191*8 figures are prelim: nary and subject to revisi.on.

1/ Withheld to avoid disclosure of operations of individual establishments.



- 2
• 7
•10
1/
+10
+ 9
• 6
+ 9
- 1
+ 6
- 2
+17
+ 7
21*8