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FEDERAL

RESERVE

BOARD
B&S RTI - 51
I929—
7

RETAIL TRADE IN FEBRUARY, 1929
Preliminary report
Total s a l e s of department s t o r e s i n February were l a r g e r than a y e a r
a c c o r d i n g to p r e l i m i n a r y r e p o r t s made to t h e Federal r e s e r v e system by U38
s t o r e s • A f t e r allowance i s made f o r the f a c t t h a t February of t h i s y e a r cont a i n e d one l e s s b u s i n e s s day than February, 1928, s a l e s of t h e s e f i r m s showed
.;.n i n c r e a s e of a p p r o x i m a t e l y f o u r p a r c e n t . Of the kyi r e p o r t i n g s t o r e s , 159
r e p o r t e d i n c r e a s e s oyer February of l a s t y e a r while 279 showed d e c r e a s e s .
By F e d e r a l r e s e r v e d i s t r i c t s , i n c r e a s e s i n t o t a l s a l e s f o r the month,
a s compared with February, 1928, were r e p o r t e d by s t o r e s i n the Chicago, New
York, Cleveland and S t . Louis d i s t r i c t s , w h i l e the l a r g e s t d e c l i n e s occurred
m the A t l a n t a , Minneapolis and P h i l a d e l p h i a d i s t r i c t s .
S a l e s of two mail o r d e r houses were 20*8 p e r c e n t l a r g e r , and t h o s e
of e i g h t f i v e - a n d - t e n - c e n t c h a i n s t o r e s , 4 , 5 p e r c e n t l a r g e r t h a n i n February
of l a s t y e a r • Changes i n t h e volume of b u s i n e s s of b o t h mail o r d e r houses and
chain s t o r e s r e f l e c t e d i n p a r t a n i n c r e a s e i n t h e number of r e t a i l o u t l e t s operated.
P e r c e n t a g e changes in d o l l a r s a l e s between February, 1928, and Februa r y , 1929, a r e g i v e n i n the f o l l o w i n g t a b l e :
Federal
reserve
district
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o
Total




P e r c e n t a g e of i n c r e a s e or dec r e a s e i n s a l e s — F e b r u a r y , 1929
compared w i t h February. 1928
+
-

+
-

+

+
—

+

2.7
5-2
4.0
1.3
2.7
6.6
7-0 '
1.6
6.5
3.9
3-8
1.4
0.2

Number of s t o r e s
Total
Number r e p o r t i n g
re-porting I n c r e a s e Decrease

•

78
43
35
34
41
26
4i
20
l4
21
is
67

21
23
15
19
i4
8
19
S
1
5
5
21

57
20
20
15
27
18
22
12
13
16
13
. 46

43S

159

279


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102