Full text of G.16 Retail Furniture Report : June 1, 1943

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
June 1, 1943
R&S rft - 12
RETAIL FURNITURE REPORT FOR APRIL 1943

Retail furniture store sales in April increased 12 per cent from
March and were 2 per cent above those for April 1942• The increase from
M a r c h to April this year was greater than last year, due in large part to
the fact that instalment sales rose 14 per cent from M a r c h to April 1943*
while for the corresponding period o f 1942 they showed little change.
Cash sales in April continued at about one and one-half times the volume
in the corresponding period last year. Charge account sales increased
both from the month-ago and from the year-ago levels. Instalment sales
were 5 per cent below those for April 1942.
Inventories declined 3 per cent in A p r i l and at the end of the
month were 10 -per cent below those of the corresponding date last y e a r .
They now amount to about 5 months' supply at the current rate of sale as
compared with around 6 months 1 supply at the end of March 1943.
Instalment accounts receivable declined slightly in April and at
the end of the month were 40 per cent below those for the corresponding
date last year. Collections on Instalment accounts showed a decrease of
3 per cent from the preceding month and were 9 per cent below those for
April of last y e a r . The ratio of collections in April to instalment
accounts rocoivable on the first of the month was 20 per cent, compared
with ID per cent in March ,and 13 por cent in April 1942 .

Furniture Store Statistics for April 1943

Percentage change from
April 1942 to Metroh 1943 to .
April 1943
April 1943
Net sales
Total
Cash sales
Credit sales:

Instalment
Charre account
Accounts receivable, at end of month
Total
Instalment

+ 2
+49
- 5
+ 5
-40
-4°

Collections during month
Total
Instalment

- 6 ..
- 9 .

Inventories, end of month, at retail value

-10




+12
+11
.+14
+ 8
-

- 1
- 1
- 1
- 3
-- 3

..

RETAIL FURNITURE STORES - APRIL 1943
Sales and Inventories

Total net sales

Cash sales

Credit sales

Percentage
change from

Percentage
change from

Percentage
change from

Federal Reserve
District

April
1942

March
1943

April
1942

March
1943

+10
+ 1
+16
+21
+17
+16
+17
+19
+18
+12
+11
+ 4

-10
- 8
-14
-10
- 7
- 7
- 4
-11
- 2
+ 9
+19
+ 9

+17
+ 9
+12
+18
+16
+ 6
+21
+11
+18
+ 9
+ 2
+10

- 3
-14
0
- 7
- 9
+ 7
- 3
-13
-11
-10
-16
-21

+
+
-

+12

+49

+11

- 4

+12

-10

- 3

953

729

729

729

729

626

626

7
5
9
6
9
0
+ 6
- 6
+ 5
+21
+27
+16

+15
+ 8
+14
+18
+17
+ 3
+20
+14
. +19
+10
+ 2
+ 7

U . S . Total

+ 2
953

number of stores

Percentage
change from

+13
+19
+30
+38
+29 '
+60
+51
+76
+66
+111
+88
+73

Boston
New Yorl:
Philadelphia
Cleveland
Richmond
Atlanta Chicago
S t . Louis
Minneapolis
Kansas City
Dallas
San Francisco

-

April M a r c h
1942 1943

March
1943

April
1542

Inventories
end of month y

4
7
7
8
1
5
3
3
4
1
2
2

l/ At retail vc.lue.
Accounts Receivable and Collections

Accounts receivable, end of m o n t h
Federal
Reserve
. District

Total
Percentage
change from

Instalment
Percentage
change from

. ' -

April
1942

March
1943

April
1942

Boston
Kerr York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
. Minneapolis
Kansas City
Dallas
Sr.r. Francisco

-52
-39
-40
-13

0
- 2
- 1
0
+ 3
- 2
+ 1
- 2
- 5
- 1
- 2
- 2

-32
-40
-38
-42
-33
-41
-45
-42
-42

U . S . Total
f-umber of Stores

-42
—41
-33

-42
-41
-57
-41
-10
861

:

March
1.543
+
+
+

2
2
1
1
7

Total
Percentage
change from
April
1942

- 2
— C

-10
- 8
-12
-10
-12
- 9
- 5
- 9
- 4
+15
+ 8
0

2
0

- 2
+ 1

*

-38
-42

Collections during m o n t h

March
1945
+ 4
- 1
- 3
0
- 1
- 3
'+ 4
0
+ 4
0 - 1
- 2

j Instalment
1 Percentage
change from
April
1942

March
1943

-14
-12
- 9
-10
-13
-12
-15
-13
- 7

0
- 6
— 3
0
- 3
+ 3
- 7
+ 6

+ 9
+12

- 2
+ 2

- 5

- 1

-40

- 1

- 6

- 1

— 9

.— 3

561

366

536

861

861

366

5G6