Full text of G.16 Retail Furniture Report : October 6, 1954

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BOARD OF GOVERNORS OF TKc, rJD'sJud. ILuS^r.VL SYST^L
G.16

October 6 X 195U
RETAIL FORIJITUii^ REPORT FOL AUGUST 1951*
Instalment accounts outstanding at furniture stores
showed practically no change during August, continuing at about
the level of the preceding three months # Compared v.i th a year
earlier, however, balances were down 3 per cent. The instalment
account collection ratio, estimated at 12 per cent, was the same
as both a month ago and a year ago.
August sales at furniture stores were 7 per cent
above July, reflecting increases in all types of sales. Instalment sales increased 7 per cent, cash sales k per cent, and
charge-account sales lU per cent. I harge-accbunt sales vrere
also up 2 per cent from a year ago, but instalment and cash sales
were down 6 per cent and 7 per cent, respectively.
The retail value of furniture store inventories was
unchanged during August, and continued about 9 per cent below a
year aro. Stocks on hand amounted to about a k months' supply
at the August rate of sales.

Furniture Store Statistics for August 195>lt
Percentage <
change from:
Year Jan.-Aug. 1953
to
ago
Jan.-Aug. 195b

Llonth
ago

Accounts receivable, at end of month .
Total
Instalment
Charge account

+ 2
0
+ 7

Inventories, end of month, at retail value

Collection ratios on instalment accounts 1/

0

- 6
:l
+ 2

-

i i i I

+ 7
+ U
+ 7
+lk

XXX
XXX
XXX

i l l

Net sales during month
Total
Cash
Instalment
Charge account

Ul o <o xo

Item

9

AUg.
195ii

July
195k

12

12

XXX
Aug.
1953
12

1/ Collections during month as percentage of accounts outstanding
at beginning of month.




G.16

Boston
How York
Philadelphia .
Cleveland
Richmond
Atlanta
Chicago
St. Louis
. .inneppolis
Kar-as City
Dallas.
S%.n Francisco
U. S. Total

1

Total net sales

Federal
Reserve
District

0

RiTi.IL FUHlJIiUIiL STOit^S - AUGUST 195U
Sales by Type of Transaction
(Percentage changes)
Insta!Iment
sa. .es
Month
Year
ago
ago

sales

Charge-iaccount
sa!Les
Year
Month
ago

ago

Year
ago

Month
ago

Year
ago

+ 3
+10
+ 9
+ 1
+ 7
+ it
+ 2
+ 6
+25
+16
+ 5
+ 6

- 5
-10
-2U
-15
- 5
- 3
- 6
- 2
+ u
* it
+ 3
- 1

- 8
+ 6
- 2
- 9
+13
+ 7
- 6
+ 3
+lit
+21
+11
+ 9

+
-19
-22
- it
- 7
+ 5
- 7
-12
+ it
- 1
- 6
+ 1

9
9
9
2
8
3
0
+20
+31
+11
+ U
+ u

- 7
-15
-25
-17
- h
;- U
- 8
+15
+ l
- 2
+ 8
- 1

- 9
*h9
+16
+ 9
+ it
- 8
+27
+ 2
+31
+13
+11
+ 6

- 3
+10
-22
-22
- 5
- 1
+17
-12
+ 2
+26
+ it
+ it

+ 7

- 6

+

h

- 7

+ 7

- 6

+lit

+ 2

&

+
+
+
+
+
+

Cumulative Sales by lype of transaction, Instalment
Accounts Receivable, and Inventories
(Percentage changes)

Boston
tfev Vork
philraelphia
C? c". r land
P.i'. -ond
At: ;:.ta
St. Louis
* ir.neapolis
Krr.sis City
Dc:_Lc.s
San Francisco

Cumulative sales, Jan. - Aug.,
change from 1953 to 1951*
Total
- 8-16
-15
-15 ,
- a - 3
- 8
- 2
- 3
-10
- 8
- 7

U. S. Total : - 9
n. a. —

Inst,
recei1
end o:
Charge- Lonth
.account
aro

ill

Federal
Reserve
District

Cash

Instalment

0
- 5
- it
- 3
- It
-17
- 9

-10 ,/
-20
-17
-17
- 7
- it
-10
- it
- 2
-15
- it
- 7

- it
+ 3
- 6
- 8
- 7
+~1
0
+ 1
- 9
- 1
-15
- 5

- 9

-10

- 3

- 5
-16
-lit

not available.




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

Year
ago
-*7*
- 7
- 9
- 3
- 2

+ it
+ 1
-23
+ 1
- 5
- 3

Inventories
end of month,
at retail value
Lonth I Year
ago
1 ago
0
+ 3
+ 1
+2
+ 2
+ i
+ i
+ 2
— 1
0
— 6
- 2
0

'
!
|
f
'
;
j
i
;
,
j
i

-11
-18
— 6
-10
-11
- 8
-1
- 5
- 9
- 3
—18
- 9

| - 9