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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