Full text of G.16 Retail Furniture Report : November 6, 1951

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEL"
November 6, 1951

qs3_5

RETAIL FURNITURE REPORT FOR SEPTET SER 1951
Total sales at furniture stores in Leptember were' down 6 per
cunt frcm .-oboist and were 20 per cent Velcw sales of September 1950.
These chances reflected declines in all types of sales. The yearly
decreases ranged from 13 per cent for cash sales to 22 per cent for •
instalment, sales.
Instalment accounts veceivaole rose slightly in -.eptenber
but at the ..icnth-er.d v.-ere 10 per cent; .below- the level of a year a*.o.
Collections on instalment accounts ..ere ^own 3 per cent in eptember,
but yielued a collection ratio of 12, the saae as in the preceding
month.
Inventories rose 1 per cent, during the month, the first
mcntr.ly gain reported since April of this year. On September 30
inventories were 9 per cent above the level of the corresponding date
a year ago. At the current rate of sales, stocks on hand represented
aocut a 5 months' supply, k year earlier, furniture stores had about
a k months' 'supply on hand.

Furniture Store Statistics for September 1951

Item

Het sales
Total
Cash sales
Credit sales:

Percentage change from:
Sept. 195"
Aug. 1951
to
to
Sept. 1951 Sept. 1951

- 6
- 9
- h
-la

-20
-13
-22
-18

Accounts receivable, at end of month
Total
Instalment

0
+ 1

-13
-10

Collections during month
Total
Instalment

- 1
- 3

- 6
- 9

Inventories, end of month, at retail value

+ 1

* 9

Instalment
Charge account

NOTE:—These figures are preliminary and subject to revision.




G.16

—

- 2 RETAIL FURIHTURE STORES - SEPTEMBER 1951*

"

Sales and Inventories
Percentage change

Federal
Reserve
District

Boston
Nevj York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
U.S. Total
Number of stores

Inventories
Credit sales
end of month 1/
Sept'5C
Aug.'51
Sept'50
Aug.'51
Aug.'51 Sept150 Aug.'51 Sept'50
to
to
to
to
to
to
to
to
Sept'51 Sept'51 Sept'51 Sept'51 Sept'51 Sept'51 Sept'51 Sept'5:
Total net sales

Cash sales

-16
- 6
-11
- 3
-2k

-26
-20
-11
-17
-1h
-25
-26
-18
-23

0
+ 2
+ 7
- 2
- 3
- h
- 5

+ 1
+ 3
+16
+11
+ 7
+11
+15
- 6
+16

-18
-23

- 3
+ 3
0
+ 3
+ h
0
+ 3
- k
0
0
- 1
0

+10

- 6

-21

+ 1

+ 9

590

590

52k

52li

^ 1
+ 2
+ 5
- 3
- 3
- 6
— h
- 9
- 5
-11
- 8
-13

-25
-17
-12
-18
-16
-23
-21
-23
-21
-21
-18
-22

-17
+ 1
- 3
- 9
+ 1
-10
- U
-10
- 8
-19
-10
-19

-1h
-13
-16
-21
-12
-17

- 8
-10
- 8
-13

- 6

-20

- 9

-13

11x9

7U9

590

590

-10

r-21

+11;

+16

1/ At retail value.
Accounts Receivable and Collections

Federal
Reserve
District

Boston
New York
Philadelphia.
Clevelanu
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
U. S. Total
Number of stores

Percentage change
Accounts receivable, end of month)
Collections •auriiuT uontn
Instalment
Total
Total
Insta!
Aug.'51 Sept'50 *ug.'5l Sept'50 AU£_. '51 Sept'50 AUg.'51 8ept'5C
to
to
to
to
to
to
to
to
Sept'51 Sept'51 Sept'51 Sept'5l Sept'51 Sept'51 Sept'51 Sept'53
+ 2
0
+ 2
+ 1
+ 1
+ 2
+ 1
0
+ 1
0
0
0

-18
- 6
- 5
-11

-13
. - 3
- 7
-20

-22
-15
-22
-18
-13
-16
- 9

+ 3
0
+ 1
- 1
+ 2
+ 1
+ 3
0
+ 1
0
- 1
+ 3

0

-13

+ 1

673

673

217

Digitized


-11

-22
- it
- 6

+ 1
- 5
- 3

- 9
-17
+13
-17

0

- 9
-19
-2 h
-15
- 8
-11
-Ik

- 5
- k
- 2
- k
0
0
+21
- 5
- k
- k
- 5
- 8

-13
- 7
- 6

-10

- 1

-

217

673

673

-1L

-16

- 9
- 5
- 9
-12
-15

- 1
+ 2
- 1
- 7
- k
0
- 5

-10
+ ?
- 8
-13

- 3
217

- 9
i
I 217

6

for September
FRASER 1951 firures are preliminary and subject to revision.

-lo

-18.