Full text of G.16 Retail Furniture Report : January 11, 1949
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
)5& tWARY "*'111949 FtDERAL RESERVE BANK OF RICHMOND 0il6" RB6EARCH DEPARTMENT J A N 1 31949 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTE II FEDERAL :V£SERV!: B . K Qv,.-!-; "RETAIL" PORlftfURE REPORT FOR NOVEMBER 191*8 Total furniture store sales increased 8 per cent in November, with gains, registered in ; dach type;of transaction.-: Although both cash and credit safes continued below the year-ago volume, the percentage declines over the year-period were smaller than in the preceding month. Instalment accounts receivable rose slightly in November, and were "30 per cent larger tharr on the corresponding date last year. Collections on instalment accounts in November were somewhat smaller than a month earlier, and th6 collection ratio continued at 18 per cent. Little change has occurred in the rate of repayment for instalment accounts since mid-19li8, the average liquidation period approximating ten months. Inventories were up slightly in November and were l£ per cent above the level of a year earlier. At the end of the month stocks on hand amounted to approximately four and one-half months 1 ' suoply at the current rate of sale. Furniture Store Statistics for November. 19U8 fPercentage change from:" I Oct. 19U8 Nov. -19U7 to to Nov, .19UB -Nov. 19U& Item Net sales ' Total ' ' Cash sales '• , Credit sales: Instalment Charge account ' ; ' Accounts receivable, at end of month Total Instalment . '• . +8 • +11 4. 8 .45 4 1 4 1 -12 -16 -11 ' 430 430 Collections during month Total Instalment * 0 - 1 4.7 *11 Inventories, end of month,, at retail value 4 1 415 Note.—These figures are preliminary and subject to revision. RETAIL FURNITURE STORES - NOVEMBER 19U8* Sales and Inventories i i ?e change Boston New York j?/ Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Inventories end of month 1/ Nov, 'U7 Oct. 'Uti Nov. 'U7 Oct. »Uo Nov.'U7 Oct. 'Uti Nov.'47 to to to to to . to . to td„ Nov. 'U8 Nov, 'US Nov.'Ua Nov. 'U8 Nov. 'It8 Nov. »U8 Nov.'U8 Nov.'UP I » 3 0 +12 * 2 . + 2 - 2 + 3 +10 +16 - 1 +36 + 8 +35 +31 - 9 . - 8 -16 . + 1 + 1 -10 . + 5 .+ 3 + 7 -16 + 2 +13 + 7 -15 -15. , +10 + 7 0 . + U - 1 +2U + 5 * 6 + 8 -28 -28 *•8.. - 2 + 5 -3U + 6 +12 -12 -11 + 3 + 3 -13 + 3 + 8 + 1 +11 -11' + 9 +23 -17 -27 6 .. -15 -18 . -1.6 * 1 + 3 -10 + 2 + U + 9 + 3 +25 - 9 - 9 -20 + .2 +16 +10 . -21 + 9 +23 -17 -10 +18 -21 + 3 + U -lU + 3 + 5 Total net sales Cash sales 1 1 Federal Reserve District Credit sales +U -B +U U. S. Total + 8 -12 +11 -16 + 8 -11 + 1 +15 No. of stores 7U0 7U0 576 576 576 576 528 528 y Data reflect effect of October ivork stoppages in trucking and of special November sales events. , " A c c o u n t s Receivable and Collections Federal Reserve District - Percentage change" Collections during month Total Instal:-sent ' Total | Instalment Nov.»U7 Oct. 'U8 Nov.«U7 Oct. 'U8 (Nov. 'U7 (Oct. *U8 I Nov. «U7 Oct. 'Uti to to to to ! to I to I to I to f Nov. 'U8 Nov.'U8 Nov. 'U81Nov. U8 )?Iov. 'U81 Nov. 'JU8 (Nov. 'L8Nov.'U8 +16 Bostons NexrTork Philadelphia Cleveland Richmond Atlanta^ Chicago St. Louis Minneapolis Kansas City Dallas San Francisco • o + i * l + 3 - 1 + 1 U. S. Total + 1 + 3 • 0 * 2 - 5 +29 +30 +33 + + + - +25 +25 +20 +19 ^ - +U0 +32 +30 No.for of FRASER stores 659 659 Digitized http://fraser.stlouisfed.org/ * November 19U8 figures are preliminary Federal Reserve Bank of St. Louis 1 8 2 1 0 2 2 1 11 0 0 + 6 +33 +28 +U1 +18/ +26 . +26 +30 +27 +36 +28 +28 + 1 +30 231 231 - 2 +10 - 6 - U 0 - 3 + 3 - 3 0 • 0 + 2 - 5 + 5 +11 - 7 -10 -10 • 0 + 1 - u + r - 6 + 3 - 7 + 7 - 1 +11 659 231 231 o • 659 + 5 • 0 +13 + 6 +12 +13; + 2 +11 + U + u + 7 +10 + 1 and subject to revision. +18 +5 + 8 + 1 + 3 +12 +U + 8 +12 +5