Full text of G.16 Retail Furniture Report : November 4, 1946
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BOARD OF GOXZRKORS OF THE'FEDERAL RESERVE SYSTEM G.16 -November 4 , 1946 RETAIL: FURNITURE REPORT FOR SEPTEMBER 1946 R e t a i l f u r n i t u r e s t o r e s a l e s d e c l i n e d s l i g h t l y i n September, r e f l e c t i n g c o n t r a s e a s o n a l d e c l i n e s i n c a s h and i n s t a l m e n t s a l e s , p a r t i & l l y o f f s e t by a l a r g e r t h a n u s u a l r i s e i n c h a r g e - a c c o u n t s a l o s . Cash and i n s t a l m e n t s a l e s c o n t i n u e d cons i d e r a b l y abo-fre t h e y e a r - a g o l e v e l , w h i l e c h a r g e - a c c o u n t s a l e s were n e a r l y t w i c e t h e volume of "September 1945. „ . I n v e n t o r i e s , which have i n c r e a s e d s t e a d i l y s i n c e t h e b e g i n n i n g of t h e y e a r , 1 r o s e fivfe p e r c e n t i n September, .At t h e e n d of t h e month•, s t o c k s on hemd amounted t o a b o u t f o u r months 1 supply a t t h p c u r r e n t r a t e of s a l e , a p p r o x i m a t e l y t h e same as f o r September l a s t y e a r . •• 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 remained a t t h e l e v e l of %the p r e c e d i n g month, b u t showed a 27 p e r c e n t g a i n over a y e a r a g o . 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 d e c r e a s e d 4 p e r c e n t , r e s u l t i n g - i n & c o l l e c t i o n r a t i o of 25 p e r c e n t as compared w i t h 26 per c e n t i n A u g u s t . I n s t a l m e n t a c c o u n t s were c o l l e c t e d -in .abq.ut seven months, a p p r o x i m a t e l y one month l e s s t h a n i n t h e c o r r e s p o n d i n g month of 1945, 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 September 1946 ' P e r c e n t a g e chance f r o m : Augus.t - 1 9 4 6 September 194b to to September 1946 September 1946 Net s a l e s Total •• Cash s a l e s Credit sclos: Instalment Charge a c c o u n t - 2 •r 6 - 4 > 7 * Accounts r e c e i v a b l e , a t end cf 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 , /. , : +60 +65 +45 +93 0 +37 +27 - 2 - 4: +49 +39 + 5 +46 Note.—These f i g u r e s a r e p r e l i m i n a r y and s u b j e c t t o r e v i s i o n / " - - 2 - RETAIL FURNITURE STORES - SEPTEMBER 1946* S a l e s and I n v e n t o r i e s P e r c e n t a g e change Inventories . Credit sales Total net sales Cash s a l e s end of month J / Aug. 1 46 s e p t . M B Aug J 46 S e p t , 1 4 5 Aug,*46 S e p t , * 4 5 A u g , ' 4 6 S e p t . * 45 to to to to to to to to Sept,'46 S e p t , * 4 6 S e p t J 4 6 S e p t 4 6 S e p t / 4 6 S e p t . * 46 Se p t ,'46 S e p t . ' 4 6 F e d e r a l Reserve District . U. S . T o t a l Number of s t o r e s +64 +76 +73 +65 ' +73 *68 •62 *64 +88 . +82 +44 +48 +54 •36 +45 +74 +58 +59 +59 +72 +80 +79 +47 +73 + 2 • 2 + 8 + 3 + 9 + 1 +11 + 7 + 4 + 4 + 5 + 9 - +49 +57 +43 +44 +37 +41 +39 +68 +55 +61 +63 +37 •56 +47 ' •54 +72 +62 +61 +56 +61 +80 +79 +47 +66 . +13 -15 - 3 -11 • 4 - 8 - 9 • 1 • 9 - 6 • 2 - 6 - 2 +60. - 6 +65 . - 2 +59 + 5 +46 761 761 613 613 613 613 531 531 * *13 -13 .+ 2 • - 1 0 - 7 . - 2 + 8 '+ 8 0 • 2 - 1 Boston . Kew York Philadelphia Cleveland Richmond Atlanta Chicago S t , Louis Minneapolis Kansas C i t y Dallas San F r a n c i s c o •13 -14 • 2 + 2 - 1 - 7 - 4•16 • 9 • 3 •:1 - 1 . Accounts R e c e i v a b l e and C o l l e c t i o n s P e r c e n t a g e chanj Col l e c t i o n s d u r i n g month Accounts r e c e i v a b l e , e n d of month Total Instalment Total J Instalment Aug, 1 46 Sept.'45 Aug.*46 | S e p t . ' 4 5 Aug;*46 S G p t . ' 4 5 | A u g . * 4 6 S e p t . ' 4 5 to to to to to to ' to to Sept.'46 S e p t .'4 6 S e p t . *46 S e p t . ' 4 6 Sept,'46 S e p t . ' 4 6 Sept.'46 S e p t . ' 4 6 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 Delias ' ' Lan F r a n c i s c o • 6 - 1 + 2 + 4 + 1 + 2 + 6 + 4 • 4 + 8 + 3 +12 +23 +30 +27 +39 +34 +36 +41 +30 +57 ! +60 1 +29 . +57 . • + + + + + + + + + 2 2 1 2 1 1 1 0 7 6 2 2 U. S . T o t a l + 4 •57 -- - ~ 0 Number of s t o r e s 701 701 248 i * September 1946 f i g u r e s a r e pre! i m i n a r y +15 +26 +34 +25 +33 "• +23 +42 +14 +39 +31 +29 . +45 + 4 - 2 • 3 - 5 - 1 - 5 - 4 - 1 + 2 — 3 + 1 - 3 +52 +47 +37 +53 , +48 +45 +49 +42 +70 +63 +36 . +57 + 5 - 6 - 1 + 1 - 3 -8 - 4 - 2 • 3 - 3 0 • 3 , +42 +35 +45 +56 *48 +29 +46 +31 +65 +67 +42 +41 •27 - 2 " - 4""" +39 248 701 248 248 and subi . c t t o r e v i s i o n . • ; : : \ ; • Z L | f ! . I * ' [ j