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ObC i OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM FOR IMMEDIATE RELEASE December iL, 1956 0.7.3 MONTHLY DEPARTMENT STORE SAULS AND STOCKS, BI DEPARTMENTS UNITED STATES - OCTOBER 1956 (Based on r e t a i l d o l l a r amounts) - Selected Department Groups Main Store "BasePiece T Small Miscel- ment Home goods Men's wares laneous s t o r e f u r n i s h - and and total houseings boys 1 hold wear textiles SnETTfiEEnjls "(Unadjusted, l9u1-k9 average monthly saj.es-J.uuj 87 75 81 97 9U 71 87 86 Aug. 1951* 101* 78, 96 8k 101 91 109 100 S e p t . 1951* , no 95 10589 113 109 112 109 Oct. 195L 102 99 99 76 101 115 89 96 June 1955 76 81 . 75 71 97 7U 71 78 July 1955 93 79 ,86 101* 107 77 91 93 Aug. 1955 107 85 101 88 111 111* 95 106 S e p t . 1955 116' 102 111 92 121* 116 119 116 Oct. 1955 107 103 : 103 75 ill 125 91* 102 June 1956 77 83 80 80 99 . 72 71* 81 July 1956 98 .81* 92 105 109 82 100 98 Aug. 1956 109 85 100 85 109 99 118 108 Sept. 1956 102 : 117 113 93 126 lilt 122 118 Oct. 1956 Summary • WomenTe" Main apparel and store t o t a l accessories STOCKS INDEXES Aug, * 195U S e p t . 195U Oct. 1951* Junt July Aug. Sept. Oct. 1955 1955 1955 1955 1955 June July Aug. Sept. Oct. 1956 1956 1956 1956 1956 • • • adjusted, 191*7-29 average of end-of-month stocks > 120 138 11*9 103 110 115 98 106 110 106 111* 131 105 126 158 10I* 118 12k 113 113 128 11*0 ll*9 121 111 125 ll*2 156 115 109 107 113 120 101 10U 102 109 115 : ii5 109 111 119 137 110 106 110 107 101 108 119 122 138 11*7 162 127 121 135 152 172 121* 120 117 122 131 107 110 108 113 ' 121 ; 122 117 119 126 H*7 116 m 2.7 3.1* 3 . 2 - 2.7 2.9 3.5 lu5 U.3 1**9 3.5 3.3 3.5 3.8 3.8 U.o . U.O 3.9 U.l U.l 3.9 •U.5v 111 123 132; 120 13U il*o 111* 110 117 127 138 121 119 126 135 150 S , & 178 108 iok 110 120 133 RATIO OF STOCKS TO SALES Oct. Oct. Oct. 195U 1955 1956 / 2.3 2.3 2.1* F i g u r e f o r departments within groups given, oh following pages. Page 2 G.7.3 MONTHLY DEPiiRTI^MT STORE SALES A3Q "STOCKS,. BY DEPARTIISNTS DIETED STATES - OCTOBER 1 9 5 6 Department Percentage change from corresponding period a year ago Sales during Stocks (end of period month) Oct. Oct.|Jan.-Oct Ratio of Unadjusted stocks t o indexes s a l e s 1 / (1947-49 av.=100 £ / ) October October Sales 1Stocks 1956I19& GRAM) TOTAL-entire s t o r e +2 +4 + 8 3.3 3,1 — - MAIN STORE TOTAL +2 +4 + 9 3.5 3.2 118 150 +1 +2 + 6 4.0 3.8 93 121 Piece goods S i l k s , velvets, synthetics Woolen yard goods Cotton yard goods +1 +3 0 +3 -1 +1 +2 -3 + 2 + 5 0 0 3.4 3.1* 2.2 it.lt 3.3 3.U 2.2 4.5- 78 69 125 67 C6 92 109 Household t e x t i l e s Linens and towels Domestics—cuslins, sheetings Blankets, comforters, spreads *1 +3 +2 0 +4. +3 +4 +3 + + + + lt.2 lt.8 4.4 3.3 3.9 4.7 4.1 3.1 104 95 87 139 137 127 154 140 + 7 4.1 3.9 113 147 it.lt lt.0 3 . 8 3.7 3 . 8 3.7 91 110 118 122 152 134 It.9 6.3 3.4 8.2 4.5 6.1 2.9 6.9 108 100 118 108 155 165 160 150 -- 4 . 0 3.9 3.0 it.2 lt.0 3.8 3.1 4.1 110 126 118 128 121 172 137 183 PIECE GOODS, HOUSEHOLD TEXTILES SKALL WARES +3 7 5 9 8 % Laces, trimmings> embroideries, and ribbons Notions T o i l e t a r t i c l e s , drug sundries +3 +h +7 +4 +4 +8 + 6 + 8 + 8 Silverware and jewelry Silverware and clocks Costume jewelry Pine jewelry and matches -3 +1 -3 -7 +h +6 +2 +6 + 6 +U +10 . + 5 Art needlework Books and s t a t i o n e r y Books and magazines Stationery +4 +5 +5 >5 +2 +6 +8 +4 + + + + +3 +4 + 9 2 . 9 2.7 122 162 +2 +2 +3 +9 +2 •3 +5 +1 +7 •6 •5 0 + 7 +11 + 2 - 2 + 8 + 5 *$ 3#it 2.5 it .5 0.8 it .5 3.2 2.8 3.2 2.3 it .5 0.8 it .3 3.1 2.6 118 148 62 Htlt 112 litO 90 160 201 92 108 ii£ 166 143 0 +1 -1 +2 •3 +4 +6 + 6 + 6 + 9 + 8 + 9 + 7 + 9 + 7 it.0 3 . 8 3.9 3.8 it.3 lt.0 3.5 3 . 3 3.0 2.8 2.6 2.5 it.9 lt.6 5 . 6 lt.8 4.7 it.6 88 118 72 91 137 129 131 102 137 159 202 136 WOMEN'S APPAREL AND ACCESSORIES Women's accessories Neckwear and s c a r f s Handkerchiefs Millinery Women's and c h i l d r e n ' s gloves Corsets and b r a s s i e r e s Women's, c h i l d r e n ' s hosiery -1 +1 Underwear, s l i p s , and negligees Knit underwear A S i l k & muslin underwear, s l i p s - 1 Negligees, r o b e s , loung, apparel+3 0 I n f a n t s ' wear +3 Handbags, small l e a t h e r goods +3 Women's and c h i l d r e n ' s shoes z C h i l d r e n ' s shoes -4 +4 ' Women's shoes >3 +6 4 7 5 7 165 168 171 173 170 M N H Y DEPARTMENT STORE SALES AND STOCKS, BY DEPARTMENTS (Continued) OTL UNITED STATES - OCTOBER. 1956 Department Percentage change from corresponding period a y e t r ago Sales during Scr.cks ( r nd of •period i . c ith) Oct. Uan.-OctJ Oct. Ratio of Unadjusted indexes stocks t o s a l e s .%/ (1947-4? , av.tslOO 2 / ) October October 195611955 SalesIstocks WOMEN'S APPAREL, ACCESSORIES (Cont.) Women1s apparel Women's, misses* coats & s u i t s Moments, misses 1 coats Women's, misses' s u i t s J u n i o r s ' a n d ' g i r l s * wear J u n i o r s ' c o a t s , s u i t s , dresses G i r l s ' wear • • 3 0 - 1 + 3 + 1 + 3 - 1 + + + + + + 5 3 6 1 6 8 h +11 +12 +1$ + 5 +13 +11 +14 2.3 2 . 1 2 . 0 1.8 2 . 1 1.8 1.8 1.8 2.5 2,2 2 . 0 1.9 2 . 9 2.5 127. 124 131 91 133 117 151 164 153 174 94 190 164 210 Women's and misses' dresses Inexpensive dresses Better dresses Blouses, s k i r t s , sportswear Aprons, housedresses, uniforms Furs + 7 +10 + 3 + 3 +10 + 3 + + + + + + 4 5 4 5 2 7 + 7 + 8 + 6 +17 + 5 + 7 1.8 1.1* 2.2 2.6 2.4 3.9 1.8 1*4 2.2 2.3 2.5 3.7 114 114 116 154 89 134 140 135 144 205 113 135 - 2 + 2 +11 4.9 4.3 114; 172 -4 0 -5 + 1 + + + + 2 2 2 5 +5.3 + 9 +10 +14 5.1 4.8 4.5 6,1 4.3 4.3 3*9 5.4 127 102 121 124 182 169 165 170 + 2 + 4 + 9 3.5 3.3 126 131 Furniture -and bedding Mattresses, s p r i n g s , s t u d i o beds Upholstered, other f u r n i t u r e Domestic f l o o r coverings Rugs.and carpets Linoleum + + + + + + + + + + + £ 3 7 5 5 7 + 9 + 1 * +10 + 9 +12 + 3 3.2 3 , 1 1.7 1.6 3.7 3.5 w 3.2 3.0 3 . 1 3 .0 4.1 3.9 145 159 137 130 132 72 129 145 122 115 119 74 Draperies, c u r t a i n s , .upholstery Lamps and shades China and glassware Major household appliances Housewares ( i n c l . small appliances) G i f t shop 0 + 2 + 9 - 7 0 +5 + 3 + 4 + 5 0 + 4 + o + 8 + 7 + 5. +12 +10 +10 137 3.4 3 . 1 121 3.3 1 3 . 1 119 6.7 6.9 87 2.3 1.9 4 . 1 3.6., 116 132 5 , 9 5.6 130 132 142 98 149 198 Radios, phonographs, t e l e v i s i o n , pianos, r e c o r d s , sheetmusic, i n s t r •.+ 1 Radios, phonographs, t e l e v i s i o n • - 3 +14 Records, sheet music, i n s t r . ...+ 8 + 5 +18 +18 +16 +22 2 . 6 2.2 2.2 1,9 3 . 5 : 3..4. 145 155 135 132 144 143 0 + 3 +.9 4.5 3 •9 102 178 i-1 - 4 + 4 + 1 + 4 + 3 0 + 7 + 7 + 8 +12 +11 +16 + 9 + 3 6.9 7.3 6.0 6.0 1.2 5.9 6.2 5.2 106 103 116 80 112 236 285 167 157 124 MEN'S AND BOYS' W A ER Men's Men's Boys' Men's clothing f u r n i s h i n g s and h a t s Wear & boys' shoesj s l i p p e r s HOMEFURNISHINGS MISCELLANEOUS MERCHANDISE DEPTS. Toys and games Sporting goods and cameras Luggage Candy - 3 2 5 5 4 0 '5.5 1.2 M O G.7.3 Page U MONTHLY DEPARTMENT STORE SALES AND STOCKS, B DEPARTMENTS (Continued) Y UNITED STATES - OCTOBER 1956 Department BASEMENT STORE TOTAL Percentage chaiige from corresponding period a year a;?o Stocks Sales during (end of month) period Oct.!IJan.-Oct. Oct. Ratio of Unadjusted stocks t o indexes s a l e s 1/ (19U7-U9 av.-lOOl/) October October 195611955 Sales|Stocks + 1 + 2 * h 2.U 2.3 117 133 0 + 3 + 3 2.8 2*3- 117 133 + 2 + 2 + h 2.0 1.9 + 2 0 + k - 1 + 7 + 7 -3 -3 + 3 + + + + + + + + - + 1 - 2 0 + 6 + 3 +10 + 7 + 5 + 5 2.6 2.6 2.2 2.1 2.6 2.7 1.5 1.U 1.3 1 . 3 1 . 8 1.7 2 . 1 1.8 2.2 2.0 2.6 2.5 Domestics and blankets Women's, misses' ready-to-wear Intimate apparel Hosiery Underwear, corsets & b r a s s i e r e s Coats and s u i t s . Dresses Blouses, s k i r t s , and sportswear G i r l s ' wear I n f a n t s ' wear Aprons, housedresses, uniforms Men's and boys' wear ' Men's wear Men's clothing Men's f u r n i s h i n g s Boys' wear Hcmefurnishings 0 + 1 + 1 + 1 -3 1 1 1 1 2 6 2 1 1 132 135 3/ i/ 110 100 165 171 150 3/ + 1 + h 2.9 2.7 130 159 + + + + + + + + 3 5 2 8 2.8 2.8 2.9 2.9 2.7 2.7 2.8 2.6 125 139 119 lliO 152 155 150 172 129 118 115 133 1 1 1 2 1 + 1 0 2.U 2.U Shoes f 1 + 2 + 6 3.7 3.5 NONMERCHANDISE TOTAL + h + 7 3/ 3/ Barber and beauty shop + 1 + 3 3/ 3/ + 113 108 3/ J/ 102 8U 152 11*8 15U 3/ 2/ 129 2/ y 10lt 3/ 1 / The r a t i o of stocks t o s a l e s i s obtained by dividing stocks a t t h e end of t h e month by s a l e s during t h e month and hence i n d i c a t e s the number of months' supply on hand a t the end of the month i n teims of s a l e s f o r t h a t month. 2 / The 19U7-U9 average of monthly s a l e s and erid-of-month stocks f o r each department ™ i s used as the base i n computing s a l e s and stocks indexes, r e s p e c t i v e l y , f o r * t h a t department. For d e s c r i p t i o n of s e r i e s , see pages Ilk6-k9 of t h e November 1953 Federal Reserve B u l l e t i n . A brochure containing back data f o r t h e d e p a r t mental s e r i e s f o r the p e r i o d 191*0-1952, i n c l u s i v e , may be obtained from t h e Division of Administrative Services, Board of Governors of the Federal Reserve System, Washington 25, D. C. 3 / Data not available# TTote:—Based on r e p o r t s from a group of l a r g e department s t o r e s l o c a t e d i n various c i t i e s throughout t h e country. In 1955, s a l e s and stocks a t these s t o r e s a c counted f o r almost 50 per cent of estimated t o t a l department s t o r e s a l e s and s t o c k s . Not a l l s t o r e s r e p o r t data f o r a l l of t h e departments shown; consequently, t h e sample f o r t h e .individual departments i s not so comprehensive as t h a t f o r the t o t a l *