Full text of G.7.2 Monthly Department Store Sales, Selected Cities and Areas : February 11, 1937

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BOARD OF GOVERNORS OF THE FEDERAL RES
1937
. 146

For release in morning papers
Thursday, February 11
DEPARTMENT STORE SALES IN JAN
Preliminary report

Department store sales showed about the usual seasonal decrease from December to January and the Board's adjusted index continued at the level of the two
preceding months. The index for the last three months and for January 1936 is
shown below:
Index of department store sales
1923-1925 average = 100
Adjusted for seasonal variation
Without seasonal adjustment

1937
Jan.

Dec.

1936
Nov,

92
72

92
161

93
105

Jan.
81
63

Total sales in January were 11 percent larger than in the corresponding
month last year, with the most marked increase in the Chicago District.
REPORT BY FEDERAL RESERVE DISTRICTS
: Percentage change
: from a year ago
:

January*

: Number
:
of
: stores
: report:
ing

: Number
of
:
: cities
in:
: cluded

+ 11

509

256

Boston
New York
Philadelphia
Cleveland

+ 12
+7
+9
+ 13

54
55
25
26

33
30
14
10

Richmond
Atlanta
Chicago
St. Louis

+9
+16
+ 20
+10

57
33
71
31

28
21
33
16

Minneapolis
Kansas City
Dallas
San Francisco

+7
+7
+12
+9

35
20
17
85

19
14
7
31

Total
Federal Reserve districts:

* January figures preliminary; in most cities the month had one less
business day this year than last year, but in January this year
there were five Saturdays as compared with four a year ago.