Full text of G.16 Retail Furniture Report : February 5, 1954
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. G.16 . . . . . February 5, 195U • RETAIL FURNITURE REPORT FOR DECEMBER 1953 .Instalment accounts receivable at furniture stores increased 5 per cent during December to a year-end level.. . approximately the sar.e as a year earlier. Collections on these accounts during the month were 2 per cent below November. Sales of all types at reporting furniture stores showed large increases from November to December. "Instalment sales increased 20 per cent,* charge-account sales x27 per cent, and cash sales 38 per cent. Compared with the large volume of sales during December a year ago, however, all types of sales were substantially lower. The retail value of furniture store inventories at . the end of December was 8 per cent below a month ago and 1 per cent below a year ago. Stocks on hand amounted to about a 3 months' supply at the December rate of sales. Furniture Store Statistics for December 1953 Percentage change from: Nov. 1953 Dec. 1952 to to Dec. 1953 Dec. 1953 Item Met sales Total Cash sales Credit sales: +25 +38 +20 +27 -15:^ -lb -20 - 6 Accounts receivable, at end of month Total Instalment + 5 + 5 + 1 ' 0 Collections during month Total Instalment + 1 - 2 Inventories, end of month, at retail value -S Instalment Charge account ' j ! - h — 6 | - 1 . — 2 — RETAIL FURNITURE STORES - DECEMBER 1953 Sales and Inventories Percentag<s change Federal Reserve District Boston, New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Liinneapolis Kansas City Dallas San Francisco Inventories Credit end of month lj Nov. 53 Dec, '52 Nov. 1 53 Dec.'52 Nov.'53 Dec.'52 Nov.»53 Dec.'52 to to to to to to to to Dec. 53 Dec. '53 Dec.'53 Dec.'53 Dec.'53 Dec.'53 Dec.'53 Dec.'53 Total net sales +18 +IU +32 -11 -26 -11 -11 -12 -12 -11 - 7 -12 -21 -11 -13 +20 +19 +I4.0 +22 +25 +25 +22 +38 +25 Cash 1 sales +78 - 8 +5? +22 +70 +31 +35 +6U +36 460 +5U U. S. Total +25 -15 +38 Number of stores 675 67$ 523 - 2 -Uo - 7 - 1 - 3 - 7 - 6 - 9 -10 -10 - 9 -17 -16 -12 +13 +19 +28 +18 +17 +36 +12 +23 +12 +19 +36 +25 -12 -28 -11 -15 -13 -13 -11 - 7 -15 -23 -10 ~^12 -12 -12 -12 -11 - 8 -10 + h i + 1 -Ik +23 -16 - 8 - 1 523 523 523 h 62 1*62 " - 6 + + + - 5 7 6 2 7 0 0 0 + 3 -15 - 6 - 9 + 2 1/ At retail value# Accounts Receivable and Collections Federal Reserve District Boston New York Pljiladelphia Cleveland Richmond Atlanta Chicago . St. Louis Minneapolis Kansas City Dallas San Francisco Percentagee change Accounts receivable, end of month Collections during month Instalment Total Total Instalment Nov. : '53 Dec. '52 Nov.'53 Dec.'52 Nov.153 Dec.'52 Nov.'53 Dec.'52 to to to to to to to to Dec. 1'53 Dec. '53 Dec.r53 Dec,'53 Dec.*53 Dec.'53 Dec.'53 Dec.'53 + + + + + + + + + + + + h 5 7 3 6 7 3 6 h 2 5 6 + U + 2 0 0 0 0 + 2 + 3 + 3 - 6 0 + 5 + + + + + + + + + + + + 3 5 7 3 h 7 It 3 ii 1 U 3 + U + 1 0 + 7 + 1 - 6 - 1 + 3 +10 -18 0 + 5 + + + + 3 2 1 5 2 1 2 h 0 + 7 + 2 + 3 + 1 h - h U. S . Total + 5 + 1 + 5 0 + 1 - Number of stores 598 598 197 197 598 598 - 2 - h + 8 - 9 - 3 - 7 - 6 - 3 - h - 7 + 1 + 1 - 7 -11 + 7 - 6 - 8 + 2 - 2 - 7 -11 - 1 - 2 -20 , - 6 :- - 3 :!! : i ! i - 1 *3 ! - 2 ; - 6 197 j 197