Full text of G.16 Retail Furniture Report : May 6, 1952
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYS TEH G.16 Hay 6, 1952 RETAIL FURNITURE REPORT FOR MARCH 1 # 2 The expansion in furniture store sales in March was somewhat less -than usual for this time of year. Monthly volume was up 5 per cent from February, but off 6 per cent from I larch a year ago. The month-to-month increase resulted from increases of 2 per cent and 8 per cent in cash and instalment sales, respectively^ chargeaccount sales in March were unchanged from February. Instalment accounts outstanding on March 31 were down slightly from both a month ago and a year ago. Collections on instalment accounts increased 7 per cent in March, but Were 5 per cent below those of the same month last year. Merchandise on hand as of March 31 was equal to about five month's supply at the current rate of sale. The retail value of these inventories was U per cent above the end of February, but was 16 per cent below March a year ago. Furniture Store Statistics for March 19$2 Percentage change from; Item Net sales Total : Cash sales Credit sales: + 8 0 - 6 - 8 + 1 -23 Accounts receivable, at end of month Total Instalment - 2 - 1 - h - 1 Collections during month Total Instalment + k + 7 - 5 Inventories, end of month, at retail value + U -16 + 5 Instalment Charge account NOTE:—These figures are preliminary and subject to revision. G.l 6 - 2 RETAIL FURNITURE STORES - LIARCH 1952* . Sales and Inventories Percentage changie Federal Reserve District Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas CityDallas San Francisco Inventories . end of month=/ Feb.'52 Mar.'51 Feb.'52 Mar.'51 Feb.'52 liar.'51 Feb.'52 liar.'51 to to to.. •to , to to to to Liar.'52 Mar.'52 Mar.'52 Liar.'$2 Mar.'52 Mar.'52 Mar.'52 Mar.'52 Total net sales -10 - 6 - 3 - 3 + 3 - 7 0 •- 5 ' 0 -10 + 2 -lit - 5. +12 + 2 + 8 + 1 + 8 + 7 +11 + 3 - 2 + 7 + 1 Cash sales 0 +1U + 2 +12 -5 +13 + 6 - 1 + 3 -11 - 1 -6 -12 - 9 - 5 - 3 +12 - 6 - 3 -21 - 5 -17 -10 -12 Credit sales - 6 +17 + It + 9 + 2 + 8 + 9 +16 + it 0 + 7 + 2 -10 - 3 • - It - 1 + 3 - It + 6 - 1 + 1 - 9 + 3 -15 + 5 + 3 + 2 + It + 6 + 8 + U + 2 + 5 + lt + u •+ 2 -lit -16 -17 -lit - 9 -10 —21; • -15 -11 , -19 ! -17 j -15 U. S. Total + 5 - 6 + 2 - 8 + 7 - 5 + u | -16 Number of stores 737 737 $82 582 582 582 525 1 525 Accounts Receivable and Collections 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 Percental%e change Collections during month Accounts receivable, end of month To-fcal Instalment Total Instalment Feb.'52 Mar.'51 Feb.'52 Mar.'51 Feb.'52 Mar.'51 Feb.'52 Mar.'51 to to to to "to to to to Mar.'52, Mar.'52 Mar.'52 Mar.'52 Mar.'52 liar.'52 Mar.*52 Mar.'52 - 5 - 2 2 1 2 1 1 1 1 2 2 3 -12 • -11 -10 0 -10 - 1 - 2 + h - 2 + 1 - 9 + 3 + 1 - 2 - 7 - 8 - 6 +16 + 2 -11 - 3 + 1 - 2 - 1 +12 - 5 - 2 1. 2 2 3 1 1 1 1 - 5 + 8 + 7 + k + + + + + + + 1 8 3 8 2 6 It 2 -1U - 6 - 6 - 7 - 2 + 6 - 9 -11 - 7 -13 - 2 -lit + 5 +lb. + 7 + 8 - 6 - 6 + It + 8 - 9 + 2 0 - + 8 - 1 + 8 - 6 +13 -10 + 6 - 6 + It - 1 0 , + 5 - 1 -13 - 2 - h - 1 - 1 + It - 8 + 7 - 5 665 665 215 215 665 665 215 215 *—March 1952 figures are preliminary and subject to revision,
@FedFRASER