View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

#
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.16

June 8, 1951
RETAIL FURKITURE REPORT FOR APRIL 1951

Furniture store sales showed a decline cf 5 per cent in
April.There were decreases in all types of sales, although the 3 per
cent decline in cash sales was less than that reported for credit sales.
Instalment sales were down 5 per cent, while charge-account sales showed
a decrease of 10 per cent. The downturn in sales brought total volume
to a level 2 per cent below that of.the previous April. This year-toyear decrease v;as aue to a decline of 12 per cent in instalment sales,
which, because of the importance of instalment business, was more than
enough to offset increases of 8 per cent arid lit per cent for cash and
charge-account sales, respectively.
Instalment accounts receivable declined 2 per cent in April,
but showed an increase of 1 per cent over April 30, 1950. Collections on
instalment accounts experienced the usual downturn in April, but, when
related to first-of-month receivables, yielded a collection ratio of 11
per cent, the same as in the previous month.
The retail value of inventories at furniture stores increased 2
per cent during April and at the month-end was 36 per cent above the level
of a year ago. At the prevailing rate of sales, inventories on hand as of
April 30 were equal to about 6 months' supply, the same as at the previous
month-end, but above a year ago when stocks were equivalent to about 5
months' supply.
Furniture Store Statistics for April 1951

Item

Net sales
Total •'
Cash sales
Credit sales:

Percentare change from:
Apr. 1950
Mar,.1951
to
to
Apr. 1951
Apr. 1951

- 5
Instalment
Charge account

-10

i i

. + h
+ 1

Collections during month
Total
Instalment

i i

Accounts receivable, at end of month
Total
Instalment

- 2
+ 8
-12
+lk

+lk
+ 8

Inventories, end of month, at retail value

+ 2

+36

NOTE:—These figures are preliminary arid subject to revision.




RETAIL FURNITURE STORES - APRIL 1951*
Sales and Inventories
Fercentaice change

Federal
Reserve
District

Inventories
Credit
end of month 1/
L"ar.'51
Apr.'50
Apr.'50
Lar.'5l
i.:ar.'51 Apr;'50 Liar.'51 Apr.'50
to
to
to
to
to
to
to
to
Apr.'51 Apr.'51 Apr. '51 Apr.'51 Apr.'51 Apr.'51 Apr.'51 Apr.'51
Cash sales

Total net sales

Boston
York
Philadelphia
Cleveland
Richmond
•r.vlanta
Chicago
S%.. Louis
:.iinneapolis
Kansas CityDallas
San Francisco

+ 1
-11
+ 2
+ a
+ ii
-20
+ 6
0
+12
- ii.
- 2 ;
-13

+ 1
- 5
+ 3
+ U
+ 3
-22
+ 6
+ 1
+13
- 5
- h
-11

- 5
- U
- 1 .
+ 5
- 6
-20
+ 6
- 1
- 1
+ ii
- 2
0

+ 1
-10
+ 5
+16
* 7
-Hi
+ 1
0
+11
- 8
+12
- 5

-21
+13
- 9
• +15
+ 6
-13
+1h
+ 2
+ h
+ 3
+36
+12

U. £. Total

- 5

- 2

- 3

+ 8

- 6

Number "of stores

799

799

629

629

629

- 3
-16
+ 1
+ 5
- 7
-19
+ 1
- 2
- 1
+ 5
- 3
- 1

629

- 1
- 1
- 2
0
- 3
+ 3
+ 3
0
+ 6
+ 2
+ 2
+ o

+38
+30
+32
+36
+25
+33
+36
+25
+33
+ul
+50
+ii2

+ 2

+36

565

565

1/ At retail value.
Accounts Receivable and Collections

Federal
Reserve
District

Boston
New York
Fniladelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
I-iinneapclis
Kansas City
Dallas
San Francisco
U. S. Total
Number of stores

Percentage change
Collections during month
Accounts receivable, erd of month
Instalment
Total
Instalment
Total
i.iar. '51Apr.'50 liar.'51 Apr.'>0 i.'ar.*51 Apr.'50 :,'ar. '51Apr.'51
to
to
to
to
to
to
to
to
Apr.'51 Apr.'51 Apr.'51 Apr.'51 Apr.'51 Apr.'51 Apr.'51 Apr.'51
-

1
2
1
2
1
2
2
2
1
2
1
h

-2
715

0
+ 5
+ 9
+ ii
- 1
-15
+ 6
+ 1
+ ii
+15
; - 2
+15

-

0
2
2
3
1
3
0
2
1
5
l
3

+
+
+
+
+
+

3
3
7
7
5
ii
ii
9
h
9
0
- 7

-10
— 6
- 6
- 1
- ii
-10
- 5
- 5
+ 3
- ii
- 6
-10

+ 3
+ 10
+13
+21
+ 9
- 9
+13
+ 5
+17
+20
*12
+29
+ iii

+ ii

- 2

+ 1

- 6

715

260

260

715


-* April 1951 figures are preliminary


and subject to revision.

- 9
- 6
- 6
- ii
- 8
- 9
- 3
- 7
+ 2
-10
-11
-15 i
j - 7
260

+ 3
+ 7
+11
+17
+ 5
+ l
+ 12
+ 5
+19
+25
+ 1
+11

; + 8
!

260