Full text of G.16 Retail Furniture Report : January 9, 1951
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w BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.16 J a m ^ r y 9, 19^2 RETAIL FURNITURE REPORT FOR NOVEMBER 1950 ^ Retail furniture store sales were down 5 per cent in November,, a month in which some increase is usual. The decline was due largely to sin 8 per cent drop in instalment sales. Cash and charge account sales were also below those in October, but the percentage delines were less than for-instalment sales. • ? * -Since reinstatement of instalment credit controls, instalment sales have been running below those in the corresponding period of the preceding year. In November sales of this type showed a decrease of 1$ per cent from those of a year earlier. Sales transacted on a cash or charge-account basis continued well above the 19ii9 volume-, Instalment accounts receivable showed a small contraseasonal decline in November but at the month-end were 17 per cent larger than on the corresponding date of 191+9. Collections were down h per cent during the month and the collection ratio basea on first-of-month accounts receivable was 10 per-cent in November, one point lower than in the preceding-four months. Inventories were built up slightly in November and at the end; of the month were 29 per cent above those held on the corresponding date of 19U9. Stocks on hand at the end of November this year.amounted to about five months' supply at the current rate of sale, compared with four and one-half months' supply a month.earlier ana less than four months' supply on November 30, 1 9 k 9 , Furniture Store Statistics for November 1950 Net sales Total Cash sales Credit sales: Percentage change from: Oct. 1950 to Nov. 1950 11 is Item - 5 - 1 - e -2 Instalment Charge account Accounts receivable, at end of month Total Instalment ' - 3 +11 -15 +18 - 1 - 1 +20 +17 h Collections during month Total Instalment - U +20 +13 Inventories, end of month, at retail value + l +29 L . ~ « — T h e s e figures are preliminary and subject to revision. G.16 - 2 RETAIL FURNITURE STORES - NCVEIJBrJt 1950* # Sales and Inventories Percentage change Inventories Credit sales end of month V Oct. '50 iiov, 'a9 Lot. '50iHov. u & Cct. »^0 ;:ov. Oct. '50 L ov. '49 ' to • to to to to to to to T Nov. '50 Nov. '50 Kov. '50 Nov, '50 is ov. '50 Kov. «50 Nov. »50 Federal Reserve District Total net sales 1 -20 - 2 - 2 -18 - 2 - 1 -13 - 9 -16 - 7 + 6 s : Boston . I.ew York Philadelphia Cleveland Richmond Atlanta Chicago Ft.. Louis Minneapolis Kansas City Dallas. . San Francisco II.-S. Total "5 - 9 -13 - 4 -11 - 7 -11 + 1 - 3 j —10 * 3 | - 9 + 12 1 1 - 3 iVunber of stores 690 | 690 : .Cash ; sales . " 3 -11 0 + 3 - 9 + 2 + 7 - 6 + 3 - 7 - 9 +21 - 5 544 +11 - l j -21 - 2 - 5 -20 - 2 -4 -16 - 9 -i9 ; - 6 + 5 - 4 - 8 -17 - 5 -12 -10 -16 - 6 - 7 " -lli + 4 -Ik +10 + 9 1 +'5 + i t - 2 - 1 + 10 + 1 +11 + 3 + 6 - 4 +24 +31 +31 +34 +21 +18 +22 +19 +22 +30 +41 +37 - 6 - 7 + 1 +29 544 . -20 + 3 + 2 + a +13 + 9 . +12 +13 - 3 + 1 +21 +25 5a 1+67 487 1/ At retail value. . Accounts Ree ei-vable- - and Collections Federal Reserve District Boston New York Philadelphia Cleveland Richmond Al] anta % Chicago St. Louis Minneapolis Kansas City Dallas "an Francisco U. S. Total ivmber of stores ?ercentagie change -luring npnth. Collections < Accounts receivable, exi cf month L-ient Insta. Total - -Instalment- ' ' Total Cct.*50 :iov.'U9 Cct.'50 Nov.'W !Oct.'50 :icv.'U9 Oct.'50 Ye v.'U9 to to to to to to to to Nov.'50 :ov.«50 Nov.'50 Nov.'50 rov.'50 Nov.'50 Nov.'50 Nov.'50 j j j - 1 +16 +17 +17 +20 +15 +lo +2b +13 +17 +25 +14 +33 - 3 + 2 0 - 1 - 1 - 2 - 2 - 2 - 3 - 2 - 2 + 1 • | - 3 + 2 0 - 2 - 1 - 2 - 2 - 2 - 3 - 2 - 2 - 4 +15 +17 +19 +15 +18 +10 +27 + 9 +13 + 18 +19 +35 - 5 « 2 - 3 -16 - 3 - 5 - 4 - 3 - 9 - 2 - 1 - 2 +22 +10 +21 + 19 +19 +11 +23 +18 +14 +27 +16 +35 - 6 - 3 - 4 -11 - 7 - 7 - 6 - 4 - 6 - 5 - 2 - 1 +23 + 9 +19 + 8 +29 + 6 +21 +15 +15 +44 +18 - +34 +20 - 1 +17 . - 4 +20 - 4 +13 621; 21x6 2^6 624 '624 246' 246 62k j i'iov^nbor ' U f fi llO http://fraser.stlouisfed.org/pir«'s arv'prel1 .ainary Federal Reserve Bank of St. Louis a . i subject to revision. rr :
