Full text of G.16 Retail Furniture Report : July 9, 1947
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BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM| G.ie kETAIL FURNITURE REPORT FOR IiAY 1 9 4 7 ^Retail, f u r n i t u r e s t o r e s a l e s showed ft bout t h e customary seasonal i n c r e a s e i n May, ref l e c t i j i g gains i n both cash and c r e d i t s a l e s . Cash s a l e s Were one-tenth l e s s t h a n t h e year-ago volume, while instalment and charge-account s'ales were . around one-fourth l a r g e r t h a n a gear e a r n e r * , , I n v e n t o r i e s declined 3. per c e n t , bfiit continued w e l l above those held by r e t a i l e r s l a s t yearf. At the end,of t h e montii they amounted t o n e a r l y f o u r months* supply a t the c u r r e n t r a t e of s a l e , as compared w i t h about t h r e e months' supply a year ago. . i. Instalment accounts receivable jeere up s l i g h t l y from the end of A p r i l , and were 32 per ce*rt l^.r^or than on t h e corresponding date l a s t y e a r . Increased c o l l e c t i o n s on instalment accounts r e s u l t e d i n a c o l l e c t i o n r a t i o of 25 per cent, c?.-> points higher t h a n i n A p r i l . At t h e ..current x a t e of repayment, i n s t a l m e n t accounts would be outstanding, on the average, about seven months. Furniture Store S t a t i s t i c s f o r Lay 1947 Percenta Lay Net s a l e s Total , .• ' Ca'Sh; sftles * Credit s a l e s : Instalment , Cheyrge account Accounts r e c e i v a b l e , a t end of month Total Instalment Collections during month Total Instalment I n v e n t o r i e s , end of month, a t r e t a i l value Note,—These f i g u r e s are preliminary and s u b j e c t t o r e v i s i o n . 1947 from: Lay 1946 to Lay 1947 RETAIL PURKITURE STORES - MY 1917# Sales and Inventories Federal Reserve . - District Percentalze channe Inventories 1 / Credit s a l e s Cash s a l e s end of month Apr.'hi t-W; 'h6 Apr.'1*7 May »U6 Apr.'ttf May »l;6 Apr. »li7 Lay 1'L6 to to to to to to to May 'hi Liay 'hi Hay '1*7 May '17 May 'U7 May 'hi May 'h7 May 1'17 Total net s a l e s >26 . Boston; New York. + h ... + i l +15 Philadelphia +13 +21 +16 Cleveland Richmond +16 *2h . +16 +23 Atlanta/./:// Chicago' ... , . / i s , • , +17 + 7 S t . Louis - 3 + 2 +11 • .inneapolis Kansas" City., . + ,2 I)alias + 5 San Francisco + 9 .. i U . S . Total +10 Number of stores 761 17 +10 + 2 + 9 +15 +22 +12 + 9 + 5 - h + 3 + 8 + 8 '*• 761 3 -5, -19 -17 -18 . 611 -10 - U. -23 — 3 - U -20 + 3 +30 - 2 >52 +23 +23 + V ' - 5 .. +L1 ; +23 +15 - i +23 +2U +37 - 3 +36 +26 +15 - 7 ' +17 +30 +21 - 7 +18 • +33 • — 2 . • +51 + 2 +11 - 8 . +67 + 3 +21 + 3 +57 + 2 +29 0 +82 + 2 +20 0 • *86 +11 +10 . - 2 • -+hl -10 +12 611 611 • • ^ +28 •. - 3 611 • -fia 535 . At r e t a i l value. ; ••/^P.qtaxts-f'ecretvable- antr C o l l e c t i o n s — = ' ! Percentage change Accounts rece-j.vablc, end of month Collections during north Federal Reserve — Instalment"" ' '' Total ' " Instalment " District Apr.'1-7 Hay >U6 Apr,*17 iCay 'ii6 Apr„'u7 Liay 'lib Apr.'U7 Way 'U6 to to to to to to > to to 1-a.y 'hi / a y <hT Lay 'hi Lay '17 May 'hi Liay f ii7 May .<hl J"ay 'hi Boston Kew York "+ Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco ; + 5 +3 i + 5 + 8 + 5 +6 + 7 + 3 + U + 5 + 5 + 5 , +12 +IiO +28 +38 +35 *39 +3h +23 +32 +58 +39 +71 . ; : : : ' + h + 1 + I +6 +6 + h + 6 +6 + 3 +6 + h + 3 U? 5 / Total + 5 +liO + 3 Number of stores 701 701 237 +11 +36 +25 +L0 +35 +36 +19 +26 +29 +30 ,+28 +Wi ; + 5 + 2 . * 3 ' +1)4 +13 + 5 +11 + h +3 +6 - 1 + 0 - 2 +1U . +11 +17 • +19 +21 +18 + 1 / + 8 +19 • + 7 . +1? +32 + 7 +22 +6 : +13 237 701 701 237 237 * May Digitized for 19ii7^figures FRASER are preliminary and s u b j e c t to r e v i s i o n . 0 + h + 5 +22 +15 . • + 7 +18 +11 +2L +19 +?l 0 +23 +15 +12 + 1 +13 ' +7 + 8 +27 , + 8 + L. +38 +11