Full text of G.16 Retail Furniture Report : September 6, 1949

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.i6

-a
RETAIL FURNITURE REPORT FOR JULY 194?

Furniture store sales, which usually decline in July, were 12 per
cent below the June volume and lit per cent under that of a year earlier.
Charge-account sales dropped off 15 per cent in July after being v/ell-maintained in the preceding month. Cash sales showed a similar decline while
instalment business decreased seasonally by 10 per cent* Sales of all types
continued below year-ago levels with the most favorable comparison shown by
instalment sales. Cash and charge-account sales were around one-fourth less
than those of July 1918.
Instalment accounts receivable at the, end of July were slightly
above those of a month earlier and 12 rer cent higher than the amount outstanding on the corresponding date last year. Collections on instalment
accounts showed a further slackening during the s.onth but the ratio to firstof-month accounts receivable was unchanged at 12 per cent.
Inventories declined 5 per cent in July and at the end of the
month were 17 per cent below those carried a year earlier. At the current
rate of sale, inventories in July represented a four months' supply, about,
the same as'in that month of 191*8.
'

Furniture Store Statistics for July 19h9
Percentage change from:
June 191*9
July 191*8
to
to
July 191*9
July 191*9

Item

Net sales
Total
Cash sales
Credit sales:

-12
-15
-10
-15

Instalment
Charge account

. "

-lit
-26
- 7
-23

Accounts receivable, at end of month
Total
Instalment

0
+ 1

+ 8
. +12

Collections during month
Total
Instalment

-

- 3
h

-10
- 7

- 5

-17

Inventories, end of month, at retail value

•

Note.— These figures are preliminary and subject to revision.




G.16

- 2 RETAIL FURNITURE STORES - JULY 19l*9*
Sales and Inventories
Percentalze change

Federal Reserve
District

Inventories .
end of month if
June'1*9 July'UB June'1*91 July'W June'1*9 July'1*8 June *1*9 July'1*8
to
to
to
to
to
to
to
to
July'U9 July'l*9 July'1*9 July'1*9 July'1*9 July'1*9 July'1*9 July'1*9
Total net sales

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

-12
-21
-20
-13
-10
- h
-11
-18
-22
-19
-11
- 2

U. S. Total
Number of stores

-15
- 9
-11*
-19
- 5
- 2
-13
-11
-17
-11
+ 3
-21*

Cash sales

-15
-19
-21*
-22
-23
-15
-13
-15
-27
-20
-16
0

-22
-25
-21
-27
-22
-22
-27
-27
-29
-29
- —20
-32

Credit sales

-12
-20
-20
-11*
- 8
- 3
- 6
-13
-20
-18
-11
- 2

-H*
-10
-11
-18
- 1
0
- 7
— 8
-11*
- 6
+10
-22

-1*
-3
-5
-9
-1*
-3
-6
-1*
-2
-7
-7
-6

-17
-11*
-17
-19
-11
-11*
-11*
-11
-21
-21
-13
-20

-12

-lit

-15

-26

-10

-11

-5.

-17

731*

731*

581*

581*

581*

581*

509

509

Tj At retail value.
Accounts Receivable and Collections

Federal Reserve
District

Percentaee chanse
Accounts receivable,end of month
Collections during month
Instalment
Total
Instalment
Total
June'1*9 July'l*B June'1*9 July11*8 June'1*9 July'1*8 June'1*9 July'1*8
to
to
to
to
to
to
to
to
July'l»9 July'1*9 July'1*9 July'l*9 July'l*9 July'1*9 July'1*9 July'1*9

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

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

+ 5
+15
+ 6
+ 1
+11
+13
+10
+ 5
+ 8
+ 8
+21
- 1

0
-2
-1
+1
0
+2
+2
+2
-1
+3
+U
+5

+ 6
+15
+ 5
+ 2
+ 2
+11*
+11*
+ 8
+11
+30
+26
+16

-6
- 6
-10
- 6
- 3
- 1
- 2
- 3
- 8
- 7
+ 1
+ 3

- 8
- 3
-12
-17
- 5
- 9
- 7
- 8
-13
-16
+ 1
-17

-7
-6
-9
-6
-2
-1
-2
-1
-8
+1*
+1
-5

-15
- 1
-17
-11*
-16
- 5
-11
- 7
-10
+ 2
- 1*
-11

U. S. Total

0

+ 8

+1

+12

- 3

-10

-1*

- 7

666

666

219

219

666

666

219.

219

Number of stores

19U9 figures are preliminary
Digitized *forJuly
FRASER


and subject to revision.