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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
+40
I.
+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
I
t
3
i
i
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