Full text of G.16 Retail Furniture Report : February 10, 1953

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BOARD OF GOVERNORS, OF. THE FEDERAL RESERVE SYSTEM

0.16

February 10, 1953
RETAIL FURNITURE REPORT FOR DECEMBER 1952

Total sales at retail furniture stores in December
increased sharply from the preceding month. Cash sales showed
the largest increase, 58 per cent, while' instalment and chargeaccount sales increased uO per cent and 30 per cent, respectively.
Sales during the month were also above December of last year. A
gain of lit per cent in total sales reflected increases of 19 per
cent in instalment sales, 6 per cent in cash sales, and 4 per
cent in charge-account sales.
Instalment accounts receivable at the end of the month
were 11 per cent above the previous month-end and 19 per cent
above the level of a year ago. Collections on these accounts increased 3 per cent from the preceding month.
The retail value of inventories at furniture stares on
December 31 was 10 per cent below the preceding month-end and 5
per cent below the level of a year ago. At the high December rate
of sales, stocks on hand at the end of the month amounted to about
a 3 month1 s supply.

Furniture Store Statistics for December 1952

Item

Percentage change from:
Nov. 1952
Dec. 1951
to
to
Deo. 1952
Dec. 1952

Net sales
Total
Cash sales
Credit sales: Instalment
Charge account

+58 .
+k0
+30

+14
+ 6
+19
+ 1*

Accounts receivable, at end of month
Total
Instalment

+ 9
+11

+22
+19

Collections during month
Total
Instalment

+ 5
+ 3

+

Inventories, end of month, at retail value

-10

- 5

+h0

NOTE:—These figures are preliminary and subject to revision.




+ 6
8

RETAIL FURNITURE STORES - DECEMBER 1952*
Sales and Inventories
Percentage change'

Invenl
Credit sales
end of 1
Nov.»52 Dec.'51 Nov.'52 Dec.'51 Nov.15* Dec.'51 Nov.'52 Dec.'5J
to
to
to
to
to
to
to
to
Dec.'52 Dec.'52 Dec.'52 Dec.'52 Dec.'52 Dec.'52 Dec.'52 Dec.'52
Total net sales

I!

Federal
Reserve
District

Cash.sales

+1*2
+53
+35
+34
+35
+52
+32
+33
+1*6
+29
+1*3
+36

+29
+16
+19
+11*
+11
+10
+16
+11
+18
+18
+ 8
+13

+ 75
+ hk
+ 80
+ 75
+ 32
+ 61
+ 35
+ 65
+111:
+ 53
+ 57
+ 75

+ 5
+ 1
+12
+ 6
-19
- 1
+15
+ 3
+12
+11*
+ 9
+ 7

+38
+59
+31
+33
+31*
+50
+20
+32
+33
+21*
+1*0
+35

+33
+19
+21
+15
+19
+11
+12
+11
+20
+19
+ 7
+17

- 6
-15
-11
-18
- 8
-11
-10
- 8
-12
- 8
— 8
- 7

- 2
- 2
-10
-11
+ 3
- 3
- 6
0
— 6
- 1*
- 7
- 7

U. S. Total

+1*0

+11*

+ 58

+ 6

+39

+16

-10

- 5

Number of stores

663

663

511*

511*

511*

511*

1*58

1*58

Boston
New fork
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Llinneapolis
Kansas CityDallas
San Francisco

:

1/ At retail value
Accounts Receivable and Collections

Federal
Reserve
District

Percentage change
Collections during month
Accounts receivable, end of month
Instalment
Total
Instalment
Total
Nov.'52 Dec.'51 Nov.'52 Dec.'51 Nov.'52 Dec.'51 Nov.'52 Dec.'51
to
to
to
to
to
to
to
to
Dec.'52 Dec.'52 Dec.'52 Dec.'52 Dec.'52 Dec.'52 Dec.'52 Dec.'52
+ 8
+15
+ 9
+ 7
+ 8
+ 9
+ 6
+ 5
+ 7
+ 7
+ 9
+ 9

+21
+19
+19
+17
+18
+31*
+15
+22
+19
+27
+25
+22

0
+15
+ 9
+ 7
+ 8
+ 9
+ 5
+ 6
+ 6
+ 3
+ 5
+ 3

U . S . Total

+ 9

+22

+11

+19

Number of stores

586

586

171*

171*

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


*—December 1952 figures are preliminary


+21
+19
+21
+22
+21
+26
+13
+25
+23
+15
+21
+15

+16
+ 6
+10
+ 7
+ 7
+13
+ 8
+10
+ 3
+10
- 2
- 1

+11
+ 5
+ 9
+ 3
0
- 3
- 3
+ 9
+ 7
- 1*
0
0

+18
+ 7
+11*
+ 8
+ 1
+ 9
+ 8
+21
+ 8
—+ 8
- 5
- 6

+ 5

+ 6

+ 3

+ 8

586

586

171*

171*

+6
+6
+ 1*
+ 2
+ 2
+ 5
+ 1*
+ 7
+ 7
+ 9
+ 3
+ 3

and subject to revision.