Full text of G.16 Retail Furniture Report : November 8, 1955
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EOAED OF GOVERNORS OF TEE FEDERAL RESERVE SYSTEM November 8, 1955• G.16 RETAIL FJBMTURE REPORT FOR SEPTEMBER 1955 Instalment a'ccounts outstanding a t f u r n i t u r e s t o r e s i n creased s l i g h t l y f u r t h e r during September. Balances a t the end of the month were 1 per cent above the preceding month and 7 per cent above a year ego. C o l l e c t i o n s during the month amounted t o about 12 per cent of f i r s t - o f - m o n t h r e c e i v a b l e s , 1 p o i n t below August and the same as September of l a s t y e a r . Sales of a l l types decreased s l i g h t l y i n September, but continued above a year ago. Instalment s a l e s were 15 p e r cent above a year ago, charge-account s a l e s were up 12 per cent', and cash s a l e s were up 11 p e r c e n t . The r e t a i l value of f u r n i t u r e s t o r e i n v e n t o r i e s increased 5 per cent during September, and a t the end of the month was 2 p e r cent above a year e a r l i e r . At the September r a t e of s a l e s , stocks en hand amounted t o an estimated 4 months' supply. F u r n i t u r e Store S t a t i s t i c s f o r September 1955 Percentage change from: Month Y e a r | J a n . - S e p t . 1954 to ago Net s a l e s during month Total Cash Instalment Charge Account Accounts r e c e i v a b l e , a t end of month Total Instalment Charge account 1 1 i i 1 ; I 1 I n v e n t o r i e s , end of month, a t r e t a i l value | ! i ! 1 C o l l e c t i o n r a t i o s on instalment accounts 1 / 1 / C o l l e c t i o n s during month as percentage Digitized for beginning FRASER of month. ' - i j 1 1 ! i 1 i | 3 3 ^ 4 + i +.i + 2 j +14 +11 +15 +12 ' 1 i ! i +9 + 7 +ii +12 + 5 ! + 7 i +14 i rrx xxx XXX ! + 2 1 / •' XXX 1 - - ! 1 Sept. j Aug. Sept. 19*4 1955 1 1955 1 1 12 12 13 of accounts outstanding a t + 5 I ! 5.16 - 2 RETAIL FUEMTUBE STORES - SEPTEMBER 1955 Sales by Type of Transaction (Percentage changes) Total net sales Boston ^ New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco U. S. T o t a l | j | j | , | i j | | j 1 [ Cash :s a l e s Month ago , :i Year ago + 9 +22 +12 -12 - 7 -13 -12 - 9 - 8 -11 -10 - 7 ! ; ! i 1 | +18 + 9 +n +13 +22 +16 - 3 ! +14 j - 3 | 1 Year ago • +18 +12 +13 - 7 +33" + 7 + 8 + 1 ' 9 -10 +10 +27 N ij |! j + 5 I + * i + 6 +15 +19 +14 +26 + 6 -15 - 9 -19 . -16 - 7 -16 '25 -15 - 4 | j ! i 1 I i ; ij - lj I! |I i j j 1 Federal Reserve J)1 s t r i c t +13 ' • Instalment sales | Month Year j ago ago 1 +14 i + 4 + 6 i +22 +10 i +12 1 1 1 +15 i +23 ; - 6 +17 I -13 +14 ! - 7 1 -12 ;1 + 4 j - 7 I + 3 +10 , - 9 , -11 +19 +22 j - 7 +11 : - 4 j Charge-account 1 sales i Month | Year I aco j ago 1 | +20 ! +28 + 6 1 " k +19 j +12 K.A., j N.A. - 7 1 +14 - 6 I; +22 -26 j1 +17 1 + 1 Ij +12 ,| - 7 | 1 +25 ji - 5 i + 9 i - 3 i + 7 + 8 j ~ 7 ! - 4 +15 +12 | Cumulative S a l e s by Type of Transaction, Instalment Accounts Receivable, and I n v e n t o r i e s (Percentage changes) Instalment receivables, end of month Month j Year ago I ago Cumulative s a l e s , J a n . - S e p t . change from 1954 t o 1955 Federal Reserve District Boston JSew York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Bellas San Francisco U. S. Total + 6 - 1 + 7 + 9 +13 +13 | +12 | + 8 j + 7 j + 3 j +18 j +15 j + 9 1 i 1 I j |1 |i | j , 0 +22 +10 +10 + 3 -4 - 4 +11 +15 ; j 1 ! ! 1i ji , j1 i .1i ' I + 7 i i Not a v a i l a b l e . + 6 0 0 + 3 i - 2 ; + 9 1 +10 , +13 i +13 | +11 i + 7 • + 7 1 + 6 ; +22 j : +20 i 1 +ii 1 +13 +10 + 5 +16 +12 +14 +19 +lo +17 + 4 -.12 + 8 1 1 i | j | ii |I j j | + 2 +1 +3 0 + l i + 1 0 + 1 1 i 0 +12 1 + i | Inventories j end of month, I a t r e t a i l value j Month Year i ago i i o i 1 -10 i 1 -* 7 1 i + 3 l 1 +ii 1 1 +17 I i + 9 ! i +8i 1, +11 1 ! + 1 1 l1 +30 1 |l i + 9 | + 7 i + 7 0 + 5 + 8 + 8 +10 + 7 + 8 + 2 + 2 + 5 0 + 5 i 1 l i 1 1 i i 1 i I + -+ + + + + + + + + 2 8 1 3 6 1 3 8 6 7 5 5 I + 2 I i