Full text of G.16 Retail Furniture Report : March 10, 1953

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.
March 10, 1953

G.16
RETAIL FURNITURE REPORT FOR JANUARY 1 9 #

Tctal sales at furniture stores in January-were Ij6 per
cent telcv/ the volume of the preceding -lOiith. The decrease, largely
seasonal in nature, reflected declines of $2 per cent in instalment
sales, hi per cent in cash sales, and 29 per cent in charge-account
sales. Total sales in January were o per cent above the sane month
a year ago as a result of a lit per cent increase in instalment sales.
Cash and cnarge-account sales were 1+ per cent below January of last
year.
Instalment accounts receivable at furniture stores decreased
it per cent during January, but at the nonth-end v:ere 19 per cent
above the level of a year ago. Collections on these accounts increased U per cent fron December to January.
The retail value of inventories at furniture stores on
January 31 v/as unchanged from the preceding nonth, but was 5 per
cent below the corresponding date a year earlier. At the January
rate of sales, stocks on hand were equal to about a 5 month's supply.

Furniture Store Statistics for January 1953
Percentage change from;
Dec. 1952
Jan. 1952
to
to *
Jan. 1953
Jan. 1953
Net sales
Total
Cash sales
Credit sales:

-It 6
Instalment
Charge account

Accounts receivable, at end of month
Total
Instalment

-hi
-52
-29

-

h
h

+ 6
- h
+11*
- k
+22
+19

Collections during month
Total
Instalment

+ 6
+ 5

Inventories, end of nonth, at retail value

- 5

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




0.16

. 2 RETAIL FURIJITUrtE STORES - JANUARY 1953*
Sales and Inventories
Percentalge change

Federal
Reserve
District

Boston
New York
Philadelphia ;
Cleveland
.
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
U. S. Total.
Number of stores

Inventories
and of month 2/
Dec.'52 Jan.'52 Dec.'52 Jan.'52 Dec.*52 Jan.'52 Dec.'52 Jan.*52
to
to
to
to
to
to
to
to
Jan.'53 Jan.*53 Jan.'53 Jan.'53 Jan.'53 Jan.*53 Jan.'53 Jan.'53
Total net sales

-26
-65
-u5
-13
-19
-51
-38
-a7
—46

-ho

-3 S
-33

+30
+ 5
- 1
+ 3
+ 9
+ 2
: + 9
+ 6
+ 3
- 1
+ 9
+10

Cash sales

-hd
-59
-54
-56

-2k
-hi
-35
-57
-59

-la

+ 2
• -10
0
-8
+11
-11
0
-15

- 9

-i*5
-38

- 7
+ 2
- 2

Credit sales

-23
-70
-39
-52
-51
-32
-1x3

-h2
-ho
-37
-3u

+32
+11
- 3
+10
+ 8
+ 6
+13
+ 9
+ 7
0
+10
+10

-I46

+ 6

-hi

-it

-17

+ 8

675

675

$28

528

528

528

+
+
+
+
+
+
+
+
-

5
2
3
U
1
0
1
2
3
2
2
7
0

+ 2
- 3
-It
- It
+ 5
- 3
- 1
+ It
- 2
- 1
- 6
-15
- 5
2t8U

m

1/ At retail value
Accounts Receivable and Collections

Federal
Reserve
District

Percentage ch-nge
iollIcc-'^ons
cc":.L
during month
Accounts receivable, end of nicntt
Total
Instalment
Total
f Instalment
Dec.'52IJan.'52 Dec.'52 Jan.'52 Dec.'52 Jan.'52 Dec.'52 Jan.'52
to
to
to
to
to
to
to
to
Jan.'53 Jan.'53 Jan.'53 Jan.'53 Jan.'53 Jan.'53 Jan.'53 Jan.'53

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S*. Louis
Minneapolis
Hc.v.sas City
Dallas
San Francisco
U. S. Total
Number of stores

+18
+21
+12
+25
+19
+20

+25
+20
+13
+20
+16
+33
+19
+23
+18
+32
+25
+19

+16
+26

+19
+18

+22
605

605

+ 5
- 9
- 1
+ 2
+13
+ 7
+ 5
+ 2
+ h
+ 2
+10
+15

+19

192


January
1953 figures are preliminary


192

605

+ 7
0
0
+ 3

+15
+ 5
0
0

+Ut
+ It
0
+ 3
+18
+15
+ 6
+13
+ 2
0
+ 1
+ 3

+ h

+16

+15
+12
+ 1
0
0
+ 9
+ 1

+ 8
+ 6
+20
+ 2
+ 5
o

+ 6

+

k

+ 5

605

192

192

and subject to revision