Full text of G.16 Retail Furniture Report : February 6, 1952
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BOARD OF GOVERNORS -OF THE FEDERAL RESERVE STSTEII G#l6 February 6 , 1952 RETAIL'"FURNITURE REPORT FOR DECEIBER 1951 Total s a l e s of f u r n i t u r e s t o r e s were up 25 per cent i n December, a month during which sharp gains u s u a l l y occur. All types of s a l e s shared i n the i n c r e a s e . However, only instalment s a l e s i n creased over a year ago. A 9 per cent gain i n these s a l e s from December 195^ vzas s u f f i c i e n t t o o f f s e t decreases i n cash and chargeaccount s a l e s . Instalment accounts r e c e i v a b l e increased 11 per cent from the November l e v e l . Despite t h i s monthly g a i n , instalment balances outstanding vrere 5 per cent below the year-ago l e v e l . Although the d o l l a r amount of c o l l e c t i o n s on t h e s e accounts declined 3 per cent i n December, the r a t i o of c o l l e c t i o n s t o accounts r e c e i v a b l e was the same i n December as i n November. The r e t a i l value of i n v e n t o r i e s declined s e a s o n a l l y i n December t o a l e v e l 8 per cent below t h a t of the preceding monthend and 5 per cent below the year-ago f i g u r e . At the c u r r e n t r a t e of s a l e s , stocks on hand were equivalent t o a- l i t t l e more than t h r e e month*s supply, about the same as a year ago. F u r n i t u r e S t o r e S t a t i s t i c s f o r December 1951 Percentage change from: Dec. 19)0 Nov, 19Si to to Dec. 1951 . Dec, 1951 Item Net s a l e s Total Cash s a l e s Credit sales: Instalment 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 Total Instalment month I n v e n t o r i e s , end of month, a t r e t a i l value . +25 ' +ItO +2U +13 + 1 - 6 + 9 -17 + 8 +11 - 7 - 5 - 2 - 3 - 7 - 5 ' -8 -5 NOTE:—These f i g u r e s a r e preliminary and. s u b j e c t to r e v i s i o n i RETAIL FURNITURE STORES - DECEMBER 1951* Sales and I n v e n t o r i e s Federal Reserve District Percentage change Inventories Total n e t s a l e s Cash s a l e s Credit sales end of month 2y Nov.»51 Dec.*50 Nov.'51 Dec.'50 Nov „ ' 5 1 Dec.'50 Nov.'51 Dec,'50 to to to to to to to to Dec.»51 D e c . ' 5 1 D e c . ' 5 l Dec.>51 D e c . ' 5 1 D e c . ' 5 1 D e c , ' 5 1 D e c . ' 5 1 - U - 8 -18 -16 - 9 -> +1h +h? +22 +16 +18 ' +28 + 9 +17 +12 +10 +33 +11 + 9 + 3 + 3 - 2 +12 +21 + 9 + 1 + 2 - 6 ' +17 - 9 +1^ - 6 +22 511 5ll 511 +20 +Uo +26 +16 +2U +32 +22 +22 +21 +13 +3U +lu + 7 - 1 - 1 - 3 +1U +18 + 5 0 - 1 - 8 +13 - 8 +71 +30 +69 +59 +U5 +Ui +3U +Wt +72 +22 +51 +38 U. S . Total +25 + 1 Number of s t o r e s 658 658 -os ton ev York ?',iladelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas C i t y Dallas San Francisco - 6 - U -11 -10 +29 + 3 - 6 -lU - 7 - 9 -11 -11 - 7 - 8 - 8 — 8 - 5 - 5 - $ - 8 - 6 - h - 2 - 6 - 1 - 8 — 8 - 9 - 9 - 3 + 3 - 8 - 5 . 511 U63 lt63 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 Federal Reserve District Percentages change C o l l e c t i o n s during month Accounts r e c e i v a b l e , end of month Instalment Total Total Instalment Nov. »31 Dec.'50 Nov*'51 Dec.'50 Nov*'51 Dec.'50 Nov.'51 Dec.«50 to to to to to to to to D e c . ' 5 1 D e c , ' 5 1 D e c , ' 5 1 D e c . ' 5 1 D e c i ' 5 l D e c . ' 5 1 Dec•'51 D e c . ' 5 1 + U +16 + 8 + 5 + 6 +10 + 5 + 5 + 5 + 5 + 7 + 6 -12 - 3 - 2 - U - 3 -15 - 8 -13 -11 - 7 - k - 7 + 3 +16 + 8 + 7 + 7 + 8 + h + 6 + 5 + 3 + 5 + 1 - 1 - 3 - U -Hi - 3 - 8 -16 -16 -11 + 2 + 7 + U - 5 - 3 + 1 - 2 -12 + 8 - h - 1 - h - 2 + 2 - 3 -16 - 5 - 2 — 8 - 7 - 9 - 9 -10 - 9 -lk • - 2 - 6 - 2 - 3 0 - U -19 + 2 0 + 2 - 3 - 6 + 7 - 1 -10 - k - 2 - 6 - li - 3 -10 -13 -12 - 1 - 7 -11 U. S . Total + 8 - 7 +11 - 5 - 2 - 7 - 3 - 5 Number of s t o r e s 592 592 219 219 592 592 219 219 Boston Nev: York Philadelphia Cleveland Richmond Atlanta Chicago S t ft l a u i s Minneapolis Kansas C i t y Dallas San Franbisco 1951 f: gures a r e preliminary and s u b j e c t t o r e v i s i o n Digitized*forDecember FRASER