Full text of G.16 Retail Furniture Report : March 11, 1958
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BOARD OF GOVERNORS OF THE FEDERAL PESF.RVE SYSTEM G.16 March 11, 1958 RETAIL FURNITURE RLPGRT FOR JANUARY 1958 In s ta lme n t accounts receivable a t f u r n i t u r e s t o r e s declined 3 oer cent i n January and continued below the year-ago l e v e l . C o l l e c t i o n s Taring the month amounted to 12 per: cent of accounts r e c e i v a b l e a t the beginning o f the month, the same as f o r both a month ago and a year ago. Both cash and c r e d i t s a l e s a t r e p o r t i n g f u r n i t u r e s t o r e s were down sharply from December t o January, as i s u s u a l a t t h i s time of year. T o t a l s a l e s were somewhat smaller than t h e year-ago volume, r e f l e c t i n g a decline i n c r e d i t s a l e s o f f s e t i n p a r t by an i n c r e a s e i n cash s a l e s . Furniture Store S t a t i s t i c s f o r January 1958 Item Net s a l e s during month Total Cash In s ta lme n t Charge account | Percentage change from: Year Month ago a so Accounts r e c e i v a b l e , a t end of month Total Instalment Charge account C o l l e c t i o n r a t i o s on instalment accounts 1 / -37 -36 -hi -19 -h +2 -7 -1 - 5 - 3 -10 -3 -3 -2 Jan. 1958 Dec. 1957 Jan. 1957 12 12 12 - 1 / C o l l e c t i o n s during month as percentage, of accounts outstanding a t beginning of month. RETAIL FURIETUP.E STORES - JA1TJARY 1958 Sales by Type of Transaction (Percentage changes) [Total net s a l e s ! Month Year ago ago Cash s a l e s • Mo nth Year ago J > 9 3 •13 - it -21 -h > 6 Boston New York Philr-ielpMa Cleveland Richmond Atlanta Chicato S t . Louis I Minneapolis Kansas City Drill-'5 San Francisco -26 -L5 -L2 -hi -U3 -h$ -38 -U3 -28 -32 -30 -2U - 2 0 - 3 -13 - 7 - ii - 6 - 2 * 6 - 9 + 2 - 3 -39 -31 -23 -27 >18 > 7 •10 - 9 U. S. T o t a l -37 - U -36 j > 2 -30 -31 -38 -55 -53 -12 -3h + * U -IU Instalment sales Year Month ago ago -23 -50 -US -ho -U8 -hi -16 -U8 -29 -30 -32 -2U j ^ 1 + 1 - 6 -13 -11 - 5 -10 -12 + 3 -23 + 1 - 3 -hi - 7 Instalment Accounts Receivable (Percentage changes) Federal Reserve District Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco l ^ 4 . S. Total n. a. - Not a v a i l a b l e Instalment receivables, end of month, Month j Year ago ago - 3 h 5 9 h 2 5 2 7 2 0 • 1 - 3 | -6 1 • 8 I - - 1 - 2 1 - 7 1 o 1 - 5 - i !: - 8 -13 • 8 - 6 - 3 account les Ho nth Year ago ago LI Federal ^ Reserve Listrict -29 - 3 -36 - 6 -1L -36 -?/ -20 >11 • 9 - 9 >19 > 8 >lli - 1 0 -19 - 1 -22 - 5 . -33 -16 -22 - 5