Full text of G.16 Retail Furniture Report : March 8, 1948
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132 ' . r ; •;' . - - , • —BQaRD. OF GOVERNORS OF THE FEDERAL REStAVc SYSTEM " G»l6 " March 8, 19U8 • RETAIL FURNITURE REPORT FOR" JANUARY 19t& ' v i - Furrii-ture .store sales dealing* more: .than is customary in January, but were 9 per cent above the year^ago'l-evelT "instalment sales", whtch amounted to about three-fifths of totdHT saljes, were down somewhat more than is ordinarily expected from December to-Jaijuaryr while: cash and charge? . account sales showed about the usual sharp; decline. Both instalment- arid charge-account sales were substantially- greater than in the corresponding ,\. month of 191*7, but cash sales continued below the volume of last year#" " : • j • t. • • -Inventories showed little changejfraa.those held;at the 19^7,yearend, and were 8 per cent larger than on -th* same date of the preceding year. On January;31 they amounted to nearly five months',supply at the current rate of sale. ' , . Instalment accounts receivable declined 5 per ..cent in Jamiaipr, but, at the end of the month they were 5 * per cpnt above the year-ago level. 1 • Collections on instalment accounts were sotoewhat smaller than in-December,, and the collection ratio declined two points to 18; per cent. The average* repayment period for instalment accounts outstanding in January was approximately ten months, more than two months longer than in January 191*7. : Furniture Store Statistics for. January 191*3 ' ; r . . -1*6 * -1*6 -51 -31 - • , - Inventories, end of month, at retail value • » 1 Cpllections during month \ Total instalment i i Accounts receivable, at end of month • ; Total | instalment • - VXH ' Net sales." . . i Total . ' . . Cash ! sailed i Credit sales: Instalment Charge account "Percentage c hance fromr- " December 191*7 January 191*7 to "V ' to January 191*8 January 191*8 -1 llote.—These figures are preliminary:: &od isubject ;'to revision, , , '• 9 - 8 •23 +13 & € + 8 RETAIL FURNITURE STORES - JANUARY 1918* Sales and Inventories' . Federal Reserve District Boston i <• : New .York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas CityDallas San Francisco Percentalze change Inventories, Total net sales ; Cash sales Credit sales end of month:' Dec.'17 Jan. ' * Dec.»1*7 Jan.'1*7 Dec.»l*7 Jan. ' * Dec.'1*7 Jan. ' * 17 17 17 to to - to to to to to to Jan. ' * Jan^'ltS Janv*Jb8 Jan. ' * Jan.'1*8 Jan.'1*8 Jan. >1*8 Jan. ' * 18 18 18 -39 -63 + 5 • 2 -1*9 0 *k3 + 1 -U9 -h9 • - 3 -U2 •11 • 6 :-l*6 -1*0 • 1 • 2 -38 -U2 : +13 +28 -31 -59 *59 • -50 , -59 -50 -53 -36 -53 -lil -39 -36 -36 -27 -35 -68 -5 -21* -U9 -25 -U1 -23 , -1*8 -1*9 -33 - 6 -33 -25 -Ul * + 1 -38 -12 -37 + 1 -U5 +15 -31 U. S. Total —1*6 + 9 -1*6 - 8 • Number of stores 657 657 52U 52h--j 521* , —1*6 • 5 +H* •12 + 5 •10 • 1 * •23 •10 • 1 • 8 •16 +36 • 2 • 9 • 1 * + h + 5 + 3 • 6 • 1 * - 1 * + 3 + 3 -21 • 9 •13 •12 •26 +15 - 5 +18 •16 •11* • 8 • 5 - 6 •16 - 1 • 8 521* 113 ** 113 ** 1/ At retail value. ^Accounts Receivable and Collections. Federal Reserve District Percentage change Accounts receivable,end of mcntt Collections during month Total, alment Total Inst; Instialment 17 Dec. ' * Jan. > * Dec. ' * Jan.'1*7 Dec.'1*7 Jan. ' * Dec. ' * Jan. ' * 17 17 17 17 17 to to to to to to to to Jan. * * Jan.'1*8 Jan.'1*8 Jan.'1*8 Jan. ' * Jan.'1*8 Jan. ' * Jan. ' * 18 18 18 18 Boston| New York Philadelphia • : Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City ' Dallas San Francisco i - 2 • - 6 - 1 * * - 1 ' 0 - 1 * - 5 •22 " - 1 * -10 - 3 • 7 U. S% Total "- 1 +53 -'5 ' '"+5lT - 2 •16 — 8 +19 600 600 191 600 600 191 191 Number of stores +33 +53 +U3 •1*8 416 -x +39 +1*6 +76 •2U •bl +53 •81* - 3 - 5 - 3 - 6 -13 - 1 * - 3 - 5 - 5 - 3 - 3 •: - « 1 * * January 191*8 figures are preliminary •30 •66 +51 •21* +5U +35 +1*7 +51 +21* +57 +36 •1*8 191 : -15 : +10 - 8 •22 - 8 +17 •12 - 3' •21 - 1 •10 - 9 0 +21* • +16 -16 + 5 - 5 • 1 •21 - 1 • 3 +15 •12 and subject to reva sion. -16 -12 - 1 * -13 - 3 - 7 + 3 -17 - 6 + 1 * + 1 * 0 +19 •26 •18 +19 +35 + 5 •28 •11 + h +23 • 9 + 9
