Full text of G.16 Retail Furniture Report : December 8, 1953
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BOARD. OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.16 ; . December 8, 195*3 IffiTAIL FURNITURE REPORT FOR OCTOBER 1953 Total s a l e s a t f u r n i t u r e s t o r e s increased 16 per centfrom September,to October, when some expansion i s u s u a l . This gain r e f l e c t e d i n c r e a s e s i n a l l types cf s a l e s — 18 per cent i n instalment s a l e s , lU p e r cent i n charge-account s a l e s , and 19 per cent i n cash s a l e s . Comparisons with a year ago, however, show t h a t c u r r e n t volume i s lower f o r a l l types of s a l e s . • Instalment accounts r e c e i v a b l e a t f u r n i t u r e s t o r e s a t the encl of October were p r a c t i c a l l y unchanged from t h e p r e ceding month, b u t were 2 per cent above t h e l e v e l of a year e a r l i e r . C o l l e c t i o n s on these accounts increased 11 per cent from September t o October. The r e t a i l value of i n v e n t o r i e s a t f u r n i t u r e s t o r e s on October 31 was 2 per cent above t h e preceding month-end, but was below t h e same d a t e l a s t y e a r by about the same p e r centage. Stocks on hand amounted t o about a li months' supply a t the October r a t e of s a l e s . F u r n i t u r e Store S t a t i s t i c s f o r October 1953 Percentage change from: S e p t . 1953 O c t . 1952 to to Oct. 1953 Oct. 1953 Item Net s a l e s Total Cash s a l e s Credit sales: +16 +19 +18 +1U - 7 - 3 -10 - h + 1 0 + 7 + 2 —. + 9 +11 + h + k I n v e n t o r i e s , end of month, a t r e t a i l value + 2 -2 In s ta l m e n t Charge account 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 during month Total Instalment ^ G.l6 — 2. — RETAIL FURNITURE STORES - OCTOBER 1953 Sales and I n v e n t o r i e s Total net sales "Percentage change Credit s a l e s Cash s a l e s +11 +36 >17 +10 +22 +11 +10 +16 +11 + 9 +13 +11 0 - 1 - 9 - 8 - 5 - 7 - 3 -11 - 3 -21 -10 -10 + 5 +32 +17 + 7 +U3 + 7 +19 +16 . 0 +10 +13 +18 + 6 0 - 2 - 2 + 1 - 3 + 7 -lit -13 -18 - h -6 +11 +39 +19 + 8 +19 +12 + 9 +17 +12 + 9 +12 +11 - 1 - 1 -10 • - 9 - 6 - 6 - 5 -12 - 1 -22 -9 -11 U, S . T o t a l +16 - 7 +19. - 3 +17 - 8 + 2 • - 2 Number of s t o r e s 76k 76U 596 596 596 596 5U3 513 Federal Reserve District Inventories . end of month 1/ Sept '53 Oct. 52 S e p t ' 5 3 O c t . ' 5 2 •Sept'53 O c t . ' 5 2 S e p t ' 5 3 O c t . ' 5 2 to to to to to to to to P e t . 53 Oct. 53 O c t . ' 5 3 O c t . ' 5 3 O c t . ' 5 3 O c t . ' 5 3 O c t . ' 5 3 O c t . ' 5 3 Boston Mew York Philadelphia Cleveland Richmond Atlanta • Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco + + + + + + + + + + 1 1 U 5 2 U 3 U 3 2 3 5 i + 2 -17 + 2 + 6 - 1 + U + 6 + 2 + 6 - 5 - 7 + 1 1 / At r e t a i l v a l u e . Accounts Receivable and C o l l e c t i o n s * vUCl dX R6S6IT6 District Boston Kevr York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas C i t y Dallas San Francisco Percentage change Accounts r e c e i v a b l e , end <of month C o l l e c t i o n s <during month" Instalment Total Total Instalment Sept '53 Oct. '52 S e p t ' 5 3 O c t . ' 5 2 S e p t ' 5 3 O c t . ' 5 2 S e p t ' 5 3 O c t . ' 5 2 to to to to to to to to Oct. ' 5 3 Oct. ' 5 3 O c t . ' 5 3 O c t . ' 5 3 O c t . ' 5 3 O c t . ' 5 3 O c t . ' 5 3 O c t . ' 5 3 + 2 + 3 + 1 o. + l 0 0 +1 + 2 - 1 - 1 + 2 + 9 - +12 + 3 + 5 + 3 + 3 + 7 + 6 1 + 8 + 2 + 5 +10 ! + 2 0 0 0 + 3 - 3 - 3 - 2 + 8 +11 - 1 +11 + 6 - 3 0 + 6 +11 -18 + 1 + 9 +1U +15 + 8 + 9 +12 +10 + 7 +11 +1U + 5 + 5 + 6 + + + + + + + + + + + 8 h 3 9 2 U h 1 8 2 2 k +1U +13 + 7 +12 +13 +10 + 9 +17 +15 - 5 + U + 3 + 6 + 6 0 +13 + 1 + 5 + 2 - 9 +12 -26 + 2 + 7 + 5 + 3 0° • U . S . Total + 1 + 7 0 + 2 + 9 + U +11 + L Number of s t o r e s 675 675 235 235 675 675 235 235