Full text of G.16 Retail Furniture Report : September 1, 1950
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SIS TEL' G.16 . September 1, 1950 RETAIL FURNITURE REPORT FOR"JULY 19^0 ^ y Retail furniture store sales increased contra-seasonully in July with substantial _gains recorded for both cash and credit sales. The growth in credit sales on both instalment.and charge accounts.was-more-pronounced than the expansion in cash sales, and stemmed largely frcm the accelerated demand for durable goods which accompanied the Korean crisis. Total sales in July were about cne-third larger than during the corresponding month of. 19h9 with increases ranging from 26 per cent fcr cash sales to U2 per cent for charge-account business. Instalment accounts receivable rose 2 per cent during July and at the end c f the month were 28 per cent above the amount outstanding a year " earlier. Collections on instalment accounts were i lightly smaller than in ; s i. June and when compared with f ir s t -c f - r on t h accounts receivable yielded a. collection ratio of 11 per cent for July. The instalment collection ratio was 12 per cent in July 19u9. Stock on hand at furniture stores declined 3 per cent in July but at the er.u of the month were 10 per cent larger than these carried a year earlier. At the current rate of sale stock on hand amounted to approximately three and one-half months' supply in July compared with more than four months' supply a year earlier. Furniture Store Statistics for July 1950 Percentage cr.ange from: June 1950 July 1 9 U 9 to to July 195'0 July 1950 Item Net sales Total Cash sales Credit sales: + 12 - + 8 4 13 +11; Accounts receivable, at end of month Total Instalment Collections during month Total Instalment Inventories, end of month, at retail value . 1 j +33 +26 +33 . +12 + 3 + 2 Instalment Charge account +30 +23 i - 1 + 16 +14 1 - 3 +10 + NOTE.—These figures are preliminary and subject to revision. G.16 — 2 — • ' RETAIL FURNITURE STORES - JULY 1950* Sales and Inventories r.pe Per c entage cha; Inventories-, / end of month-' June'50 July'ii? Jane'50 July'19 June'50 July'u9 June'50 July'^9 to to to to tc to to to July'50 July'50 July'50 July'50 July'50 July'50 July'50 July'50 Total net sales Federal tteserve •District Boston Hew York Philadelphia Cleveland Richmond • Atlanta Chicago St. Louis I.Cinneapclis Kansas City Dallas San Francisco + 'i ! + 6 + ik + 6 + 12 + lk + 23 + 33 + 36 + 1U + + + + + ' + + + + - 30 19 30 38 31 llO 15 29 Lli 733 k - 7 - 2 + 6 + 12 + 8 - 1 + 28 + 18 •31 + + -33 733 J + + + + + + + + + + + + - 11 - 13 + k3 + 12 U. S. Total Number of stores U 1 Cash sales | 8 581* 10 li l 19 17 25 18 33 35 18 36 15 35 | + 26 1 58U Credi t sales + 6 - 11 + 8 + 5 + k7 k7 27 lk + - 1 3 1 1 2 3 6 0 6 6 2 6 j + 36 - 3 + 10 518 518 + 32 + 17 + 32 k + 18 + 21 + 2 + lk + 11 + 21 + 3k + iii 58U + - + 39 + 20 + k7 + ko + 25 + 1+ + I + i I 58k + + + + + + + + + + + + 5 13 12 5 17 11 12 9 2 10 18 8 1/ At retail value. Accounts Receivable and Collections Federal Reserve District Boston l ' w York .e Philadelphia Cleveland ' Richmond Atlanta Chicago St. louis ::inreacclis Kansas City Dallas . San rar.ciscc Percentage charife •icgsunto roccivaoio.er.i c: tal Instalme.. t June'sO July'u9 June'SO July'U9iJune'5G July'u> June'50 tc | to to to to | to to Jul/'50 July'50 July'50 July'50,July'50 Jxly'5ol uly'gO + - 3 1 + L.9 + 26 + 22 + 2k 1+ 3 7 + 26 + 27 + 38 + 26 1+29 29 I + I »!i0 + + + + + + + + 3 0 2 2 2 3 3 1 66L ^j^July figures are preliminary 66L + 2k 29 19 L7 25 33 39 + + + + + + + + - + | + ' + ! + 2'S + ; + +28 I + 2l0 and subject lc reviri k 66U 17 10 20 21 20 18 16 IB + 3 + 10 + k + 8 + 8 + 19 + 6 + 16 66k k 9 1 + 6 + 16 + + + + + + + 6.3 2k0 - + 33 + A + 18 + k + 30 U. S. Total + 3k + 27 + 21 - | lk 1 2k0 I 2h0
