Full text of G.16 Retail Furniture Report : May 5, 1943
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B0/3D OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ....... ; .. . ' May .5, 1943 R & S . r f t - 11 RETAIL/F^JBHITURE REPORT FOR ! 1ARCH- 1943 "Retn.il f u r n i t u r e s t o r e s a l e s i n March were 18 p e r c e n t ".hove t h e F e b r u a r y l e v e l b u t were 7 per c e n t b e l o v .those, i n . March 1942, The increr.se frotti F e b r u a r y t o March t h i s y e a r was. somewhat l e s s t h a n l a s t y e a r , r e f l e c t i n g t o a l-arge e x t e n t t h e f a c t t h a t i n s t a l m e n t s a l e s .» gained l e s s from F e b r u a r y t o March 1943* t h a n over t h e c o r r e s p o n d i n g ^ p e r i o d -of 1942. Cash s a l e s c o n t i n u e d w e l l above .the l e v e l of l a s t year and c h a r g e a c c o u n t s a l e s were a l s o h i g h e r t h a n a year a g o , I n - s t a l m e n t s a l e s , which l a s t y e a r had been t h r c e ^ f o u r t h s of t h e t o t a l , have now dropped t o a b o u t t w o - t h i r d s . I n v e n t o r i e s i n c r c r s e d s l i g h t l y i n March b u t were 4 per c e n t below t h o s e a t t h e und "of March a y e a r a g o . They now amount t o l e s s t h a n s i x months' s u p p l y a t t h e c u r r e n t r a t e of s a l e as c.ompared w i t h about s i x and o n e - h a l f months 1 s u p p l y a t t h e end of F e b r u a r y 1943. I n s t a l m e n t a c c o u n t s r e c e i v a b l e d e c l i n e d 5 per c e n t i n March „ and a t t h e end of t h e month were 41 per c e n t below t h o s e f o r t h e c o r r e s p o n d i n g d a t e l a s t y e a r , C o l l e c t i o n s , on i n s t a l m e n t a c c o u n t s i n c r e a s e d 8 per c e n t over t h e p r e c e d i n g month b u t were 7 per c e n t below t h o s e f o r a year a g o . The r a t i o of c o l l e c t i o n s i n March t o i n s t a l m e n t a c c o u n t s r e c e i v a b l e on t h e f i r s t of t h e month.was 19 per c e n t , compared w i t h 17 per c c n t i n F e b r u a r y and 13 per c e n t i n March 1942. " F u r n i t u r e S t o r e S t a t i s t i c s f o r March 1943 P e r c e n t a g e <jhange f r o m March 1942 t o F e b r u a r y 1943 t o March 1943 Maroh 1943 Net s a l e s Total Cash s a l e s Credit salest Instalment Charge a c c o u n t Accounts r e c e i v a b l e , a t end of month Total Instalment C o l l e c t i o n s d u r i n g month Total Instalment I n v e n t o r i e s , end of month, a t r e t a i l value - 7 +51 -20 +11 +18 +13 +20 +18 -40 -41 ' + 7 + 8 - 4 - 7 » 4 - 4 - 5 ' + 4 RETAIL FURNITURE STORES - MARCH 1943 S a l e s r.nd I n v e n t o r i e s Total net sales Percentage chang< from Feb, March 1942 1943 F e d e r a l Reserve District Credit percentage change from Feb, March 1942 1943 Cash s a l e s Percentage changc f r o m Feb, March 1942 1943 +32 . +14 +20 +20 * +32 + 4 + 7 449 +37 +16 + 6 +58 +38 +16 +50 + 3 +64 +12 +139 +11 ' + 6 +65 +90 +17 Boston New York Philadelphia Cleveland • Richmond Atlanta Chicago S t , Louis Minneapolis Kpnsp.s C i t y Delias San F r a n c i s c o -11 -12 -18 -12 -18 - 9 - 7 -11 - 4 +20 +10 + 4 +11 +28 +18 +15 +14 +15 +20 +17 +14 +17 +17 +18 ' U. S . T o t a l • - 7 +18 +51 1 +13 I - 1 3 Number of s t o r e s 956 956 727 727 727 -15 -17 -21 -14 -18 -13 -19 -11 -12 +10 - 1 - 8 +10 +31 +22 +19 +15 +17 +20 +21 +14 +18 +14 +18 Inventories monthly Percentage change from Feb, March 1943 1942 - 3 - 4 - 2 + 2 - 7 +24 - 2 - 8 - 9 - 4 -16 -17 0 + 7 + 3 + 5 + 6 +26 + 2 . + 4 + 1 - 2 + 3 - 3 +20 - 4 + 4 727 652 652 J l / At r e t a i l v a l u e . Accounts R e c e i v a b l e and C o l l e c t i o n s F e d e r a l Reserve District . Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas C i t y Dfllrs San F r a n c i s c o Accounts r c c e i v xblf , e nd. of. n o n t h Total I r . s V lraent Pore:-ntagc Pcccntr.ge changc from chan* c from T'rrch Fob. Kerch Feb. 1942 ,1943 1942 1943 -32 —38 • -33 -43 . -43 -41 -40 -44 -37 -40 -33 -a U. S . T o t a l ' -40"' Number of s t o r e s 664 - 5 4 5 4 6 5 44 2 3 2 1 • • • •- 4 • 864 . -36 -39 -38 -45 -44 -41 -45 -45 -37 -47 -40 -48 - - 2 - 8 - 7 ' - 6 -10 - 7 - 6 - 9 + 1 +17 + 7 + 2 4 5 4 5 7 5 6 3 1 4 3 5 -41 - 5 356 356 C o l l e c t i o n s d u r i n g rjonth Total Instalment Percentage Pc r c e n t r EC .chant c from change from Feb. Feb . -larch March 1943 1942 1943 1942 +10 +10 + 3 + 7 + 5 + 5 + 8 + 7 + 6 +12 + 5 + 7 + "7 ' 864 R64 ! + 8 +10 + 3 + 8 + 7 + 6 + 6 +12 + 4 +10 + 5 +10 -13 - 8 - 6 - 4 -10 - 9 -19 - 9 - 5 + 6 + 6 + 3 " 7 556 i 1 + 8 356