Full text of G.16 Retail Furniture Report : September 9, 1955

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BOARD OF GOVERNORS OF THE FSDEHAL RESERVE SYSTEi:
September 9, 1955

G.16
RETAIL FUREITHRE REPORT FOR JULY 1955

Instalment accounts outstanding at furniture stores
continued to ircrease slightly during July, Tenth-end balances
• e e 1 per cent aheve a mcrv-.h ago and 5 per cent s^cve a year
wt
earlier. The lastslr..ont c.-.llecuion ratio, estiziatod at 12 per
confc, was unchanged irom both the preceding month and July of
last year.
Salss of a3J. types declined from June to July, rhen
sore decrease is usvx-.l# A M types of sales, horrev:^, continued
abeve a year =go. Instalnv-nt and charge-account scles were 12
per cent above July of lasc year while cash sales v - r up 2 per
r.e
cent.
The retail value of furniture store inventories
decreased 3 per cent during July, but at the end of the month
was 3 per cent above the yaar-ago level# At the July rate of
sales, stocks on hand amounted to about a U months1 supply.

Furniture Store Statistics for July 1955

Item

Accounts receivable, at end of month
Total
Instalment
Charge account
Inventories, end of month, at retail value

+ 9
+ 2
+12
+12

+ 8
+ 5
+10
+12

0
+ 1
- 2

+ 7
+ 5
+15

XXX
XXX
XXX

- 3

+ 3

XXX J

&
Collection ratios on instalment accounts 1/

I I I I

Net sales during month
Total
Cash
Instalment
Charge account

Percentage change from:
Jan .-July 1954
Tear
to
ago
Jano-July 1955

Month
ago

June
1955

July
195L

12

12

12

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




G.16

-

2 -

RETAIL FURNITURE STORES - JUL? 1 9 #
Sales by Type of Transaction
(Percentage changes)
Federal
Reserve
District

Total net sales

Cash sales

Charge-account
sales
Year
Month
ago
ago

Instalment
sales
Year
Month
ago

Month
ago

U. S. Total

Month
ago

Year
ago

— 8
-17
- 8
- 6
+ 3
+ 5
0
- 3
- 6
- k
0
+ 5

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

Year
- 1
0
+16
+ 5
+11
+12
+13
+10
+1<
- 9
+16
+lfc

+ 5
-16
- 9
- U
+ 2
+ 2
-U
- 3
. - 6
-7 ~
- 7
+ 6

0
- 3
0
- 8
+19
+ 9
+ n
+ 6
+ 7
-21
+ h
+13

- 6
-17
- 7
- 8
+ 8
+ 5
+ l
+ h
-11
- l
0
+ 7

0
+ 3
+21
+ 5
+12
+13
+13
+12
+12
- 2
+18
+21

-16
-17
-13
+26
-13
- 2
- 2
-1U
+18
- 7
+ 1
+ 2

- 5
+18
+15
+27
+ 2
+15
+28
+ 8
+35
-17
+15
+ 6

- 3

+ 9

h

+ 2

- 1

+12

- 3

+12

-

Cumulative Sales by Type of Transaction, Instalment
Accounts Receivable, and Inventories
(Percentage changes)
Federal
Reserve
District
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
U. S. Total

Instalment
receivables,
end of month
Instal- Charge- Month
Year
ago
ago
ment . account
.

Cumulative sales, Jan.-July,
change from 195h to 1955
Total

Cash

+ 6
+ 7
+11
+10
+11
+ 8
+ 6
+ 3
+18
+1U

+ 5
+ 1
- 2
+ 1
+19
+10
+ 9
+ 2
- 5
- 5
+ 8
+12

+ 1
0
+ 9
+ 8
+10
+11
+11
+ 7
+ 8
+ 5
+22
+18

+12
+19
+ 2
+16
+10
+ 9
+18
+13
+10
+ h
+13
+ 7

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

- 1
-13
. +7
0
+ 7
+11
+ 7
+ 9
+17
- 3
+27
+ 5

+ .8

+ 5

+10

+12

+ 1

+ 5




Inventories
end of month,
at retail value
Year
Month
ago
ago
3
1
3
2
1
9
6
3
3
3
2
2

1
5
2
1
7
7
0
+ 6
+ 1
+ U
+11
+ 7

- 3

+ 3

-

+
+
-