Full text of G.16 Retail Furniture Report : January 1, 1944

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*

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
January 1/ 19V+
RfcS rft - 19
TiETAIL FURNITURE REPORT FOR NOWBER 191*3

Retail furniture store sales rose 2 per cent in November reflecting
contraseasonal increases in both cash and charge-account sales. Instalment
sales which usually decline at this time of the year remained; at the October
level. Sales of all types v/ere in larger volume than a year ago. Cash sales
comprised a slightly larger percentage of the total in November than in October
and instalment sales a correspondingly smaller percentage. The latter accounted
for about two-thirds of total sales as compared with seven-tenths a year ago!.
Inventories continued to decline in November and at the end of the
month amounted to about four months' supply at the current rate of sale, as
compared with approximately five and one-half months' supply at the end of
November 19lj2,
Instalment accounts outstanding at the end of November remained at
about the same level as in the two preceding months. The ratio of collections
during November to instalment accounts receivable on the first of the month was
23 per cent, representing an increase of one point from the preceding month and
6 points from the corresponding month last year. These accounts are now -•ollected
in slightly less than eight months, us compared with an average collection period
of almost eleven months a year ago.
.

Furniture Store Statistics for Woverrfber 19U3
Percentage change from:
Nov, 1942 to Oct. 1 9 # to
Nov. "19L3
Nav. 19k3
Met sales
Total
Cash sales
Credit sales: Instalment
Charge account
Accounts receivable, at end of month
Total
Instalment
Collections during month
*
-^
Total
Instalment
Inventories, end of month, at retail- value




•> 5
+19
+ 1
+ 8
-30
-29
-12
-14
-23

'

+ 2
+ 9
0
+ 2
- 1
0

.
:

0
0.
-5.

'

,

—2 —

$

RETAIL FURNITURE S TORES - November 1943
Sales and Inventories

II

+ 8
+10

Cash
sales
Credit sales
Percentage
PeVcentage
change . from: change fron:
Nov.
Hov,
Oct,
Oct,
1942
1943
1943
w
+10
+ 9
+29
+25
+12
+24
+ 10
- 1
+15
+63
+34
+24

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
..
St. Louis
Minneapolis
Kansas „Ci'ty
Dallas
San Francisco

+ 4
- 1
+ 8
+ 1
+ 1
- 2
+17
+14
- 3

6
2
2
?
4
3
0
- 4
- 2
+ 3
+ 5
0

V. S. Total

+ 5

+ 2

+19

+ 9

+ 2

0

Huir.bcr of stores

931

931

736

738

738

736

+

+
+
+
+
+

4

+ 5
+ 2
+10
+26
+ 2
+ 7
+ 9
+ 3
+ 5
+10
+19
+13

+ 8
+10
+ 2
0
- 1
+ .5
- 4
+ 4
- 6
+ 5
• +10
-12

- 9
+ 1
0
+ 7
- 1
+ 3
- 3
- 5
- 5
. 0
* + 4
- 7

Inventories
. /
end of month -<
Percentage
change from:
Oct.
1943

II

Federal Reserve
Dietrict

Total net sales
Percentage
change frons
Nov,
1942

-17 .
-31
-18
-31
-21
-29
- 9
-30
-12
-21
-25
-11

+ 3
- 4
- 5
-.2
- 2
- 1
- 6
- 5
+ 1
- 1
- 4
- 3

. -23

- 3

632

632

1/ At retail value.
Accounts Receivable and Collections
Accounts receivable, end of nonth
Federal Reserve
District

total
Percentage

Nov.
I9i£

ge fron:
Oct,
1943

|

Collections during month
Total
Instalment
Percentage
Percentage
chang
change from:
Nov... Oct, Nov.
Oct,
19te
1943 ! 1942 1943

Inetaloant
Percentage.

Nov.
1942

Oct,
1943

•Boston
- .
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicafo
St. lauis
Minneapolis
Kansas City
Dallas
San Francisco

-21
-26
-31
-34
-32
-31
-27
-25
-32
-32
-26
-36

2
2
2
2
1
0
- 4

U. S. Total

-30

- l

-29

0

-12

' 0

-14

o

Number of stores

851

.851.

337

337

851

851

337

337




- 1"
f 1
+ 1
- 1
-

0

-20
'-28
-29
-22
-32
-27
-34
-31
-29
-68
-29
-45

-13
- 5
-13
-16
-19
-16
-11
-12
-19
- c

-11

-4
-16

- 5

.

- 4
-13
+ 6
- 9
0
-13 1
- i
- 8
- 6
-20
- 1
-18 ,
- 2
-21
- 3 ' -lb
- 6
-18
0
-36
+ 1
- 7
0
-23

- i
+ 6
-2
- 4
- 6
- 2
- 1
- 3
- 6
-14
+ 1
- 4