Full text of G.16 Retail Furniture Report : January 8, 1954
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BOARD OF GOVERNORS OF .THE FEDERAL RESERVE SYS1EM January 8, 19$k • RETAIL FURNITURE REFCKT FCti NOVEMBER 1953 ' Instalment accounts r e c e i v a b l e a t f u r n i t u r e s t o r e s increased 2 per c e n t during November^ a f t e r ,gev:eral months of p r a c t i c a l l y no change. Balances a t the end of t h e month were a l s o 2 per cent above a year . e a r l i e r # C o l l e c t i o n s on t h e s e accounts decreased 6 p e r cent frjcm October t o November.* Total s a l e s . a t r e p o r t i n g f u r n i t u r e s t o r e s decreased 2 per c e n t during November, a f t e r having shown a r a t h e r " l a r g e i n c r e a s e i n the preceding month., Instalment s a l e s and chargeaccount s a l e s d e c l i n e d L p e r cent and 3 per c e n t , r e s p e c t i v e l y , while cash s a l e s showed p r a c t i c a b l y no change. S a l e s of a l l types continued below a year ago, ; The r e t a i l v a l u e of f u r n i t u r e s t o r e i n v e n t o r i e s a t t h e end of November was 2 per cent below month ajgo and" U per cent below a year ago. At the November r a t e o£ s a l e s , stocks on hand amounted t o about a U months 1 supply# • 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 November 1953 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 month Total Instalment Percentage change from: Nov. 1952 I O c t . 1953 ! to to Nov. 1953 8 Nov. 1953 | | - 2 0 = -k j "3 6 2. 9 3 :• +2 + 5 + 2 - 6 1 -6 - 1 - 1 i I n v e n t o r i e s , end of month, a t r e t a i l v a l u e 3 i -» 2 - - : - U 0.16 - 2 RETAIL FURNITURE STORES - NOVEMBER 1953 S a l e s and I n v e n t o r i e s Percentagee change Inventories Total net sales Cash s a l e s Credit sales end of month 1 / Oct, '53 Nov. '52 Oct.*53 Nov.'52 O c t . ' 5 3 Nov.'52 Oct.'531Nov.'5^ to to to to to to to to Nov. ' 5 3 Nov. *53 Nov. * 53 Nov.'53 Nov.\53 Nov.'53 Nov.'531Nov.'53 1 - 6 + u + h - 7 - U -15 - 7 -U -U - 6 -11 -13 - 9 - 3 - 5 - 3 0 + 2 -11 -11 - 2 - 1 -11 - 2 + l +13 + 2 - 3 - 1 - 9 - 7 - 5 + 5 - 6 - 5 - 2 - 5 - 9 - U - 3 - 6 - 8 -10 - 6 0 - 2 - U - 3 + 1 + 6 + 1 0 0 + 5 - 1 - 3 + 8 0 +1U - 2 - 2 - 2 0 -29 + 7 0 +19 -10 - 7 - 1 0 - 3 - 2 0 -17 - 6 - 2 - 1 -19 - 7 +18 - 3 -10 - 1 - 7 - U - a - 7 + 1 - 2 + 2 - 6 - 2 - 2 - 7 - u Federal IVCSCi v c i'lguXlVv Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco U. S . T o t a l - 2 - 6 0 - 2 - u - 7 - 2 - h Number of s t o r e s 7ia . 7Ui 566 566 566 566 517 517 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 ir6u6i<3l PpQomro xicscrv" District Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco Accounts To Oct. '53 to Nov. '53 Percentag e change r e c e i v a b l e , end of month C o l l e c t i o n s during month ;al Instalment Total I nstalment Nov. '52 O c t . ' 5 3 Nov.'52 O c t . ' 5 3 Nov.'52 O c t . ' 5 3 Nov.'52 to to to to to to to Nov. ''53 Nov.'53 Nov.'53 Nov.'53 Nov.'53 Nov,'53 Nov.'53 + 2 + 3 + 2 0 + 1 0 + 2 + 2 + 2 0 0 + 2 + 7 +10 + 2 + U + 2 + 1 + 7 - 6 + 6 . o + U + 8 U . S . Total + 2 + 5 Number of s t o r e s 6U8 6U8 + 2 + 2 + 2 0 + 1 0 + 3 + l + 2 - 1 + 1 . + h + 7 +13 0 + 8 + 5 - h + 2 + 6 +12 -18 0 + 8 - 2 - 5 - U - 6 -10 - 9 - 6 - 7 - 9 - 7 - 6 - 6 + + + - 5 3 It 3 3 2 2 1 0 -10 - 2 + 3 - 6 - 3 - 7 - 9 -12 - 8 - 9 - 2 - 8 -10 - 9 -12 + 2 + 2 - 6 - 1 - 6 - l 219 219 618 61*8 219 219 ; ! i j 1 1 + 8 + 5 - 7 + 2 - 1 - U -6 • o ~+h -29 - 5 + l
