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1927 - 97 H&S SII - 57 F E D E R A L RE S E R V E B O A R D Retail Trade in the United States in December, 1927. Preliminary reports from retail firms reporting to the Federal reserve system indicate that the volume of retail trade in December, 1927, was larger than at any previous time. Sales in December of 437 department stores were cne per cent larger than in December of last year and seles of* two nail order houses were 12 per cent larger. Sales of eight five-and-ten-cent chain stores were 10 per cent larger then in December, 1926, but sales of those firms reflect growth in the number of stores as well as changcs in the volume of trade. Reports from department stores by Federal reserve districts indicate slightly larger sales than a year age in all sections c-xccpt in the Boston and Philadelphia, districts, where sales were- smaller, and in the Minneapolis district whore they were approximately tho same as in December, 1926. The largest increases, amounting to 3.8 per cent end 5.4 per cent, were in the Hew York and Chicago districts. Of the total number of department stores reporting for the country as e whole, 227 reported larger sales while 209 showed declines. For the year 192,7 as a whole sales of reporting department stores averaged 1-6 per cent larger than in 1926, those of mail order houses about • 5 per cent larger, and those of fivo-and-ten-cent chain stores wore 10 per cent larger. Percentage changes in dollar sales between December, 1926, and December. 1927., and the number of stores reporting arc given in the following table? Federal Reserve District :Percentago of increase or do-: Number of stores :crease in soles - Dec., 1927 : Total :ftTumbor reporting : compared with Dec.. 1926 reporting:Increase ; Decrease Boston lew York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City. Dallas San Francisco - 0.7 + 3.8 - 3.5 + 0.8 + 0.9 + 1.2 +. 5.4 + 2.6 - 0.06 + 3.3 + 1.7 + 0.7 Total + 1.0 Mail order houses +12.1 Five-and-ten-cent storeslO.2 81 51* 67 32 42 20 33 14 13 21 12 51 437 (2 houses) (3 chains) 47 25 24 17 18. 15 20 9 5 13 6 28 34 25 43 15 24 5 13 5 A 8 6 23 227 209 *0ne store showed neither increase or decrease .
@FedFRASER