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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM FOR IMMEDIATE RELEASE June 27, 1955 G.7.U.1 ^ J C ^ L S ^ R T I F F I N T STORE MERCHANDISING D A T A ^ ^ ? K ^ / v 2 ft UNITED STATES - MAY ^ 5 ° 1$^ Cf Amount HCAri^ : per cent change May from (In m i l l i o n s of d o l l a r s 3 ^ Year Month 1954 1955 ago ago May | A p r i l May April - 2 + 8 1,186 - 2 + 2 250 281 - 1 +22 r 351 1|13 -15 + 7 r 320 350 - 2 +16 r Sales 1/ P U03 H13 Stocks 1/ pi,188 1,216 Outstanding orders P 305 308 r Receipts 2/ P 375 U39 New o r d e r s 2/ P 372 380 373 rl,l6U hoh Merchandising R a t i o s 3 / April 1950-54 Average April May 3.1 2.9 3.0 3.2 0.7 0,7 0.7 0.8 0.8 P3.7 3.7 3.8 3.6 3.8 U.l P0.9 1.1 0.9 1.0 0.9 l.l * 1955 May ' j A p r i l May Stocks t o S a l e s p2.9 2.9 Outstanding Orders t o Sales pO.ti Stocks p l u s Outstanding Orders t o S a l e s Receipts to Sales 2/ 1954 p—Preliminary. r—Revise d. 1 / F i g u r e s a r e based on t h e sample d e s c r i b e d i n t h e note below and are p r e sented here s o l e l y t o permit comparisons with changes i n o r d e r s and r e c e i p t s . For monthly movements of t o t a l department s t o r e s a l e s and s t o c k s , r e f e r t o the r e g u l a r monthly s a l e s r e p o r t G.7.2 and s t o c k s r e p o r t G.7.U.2, or t h e F e d e r a l Reserve B u l l e t i n . 2 / R e c e i p t s of goods are derived from the r e p o r t e d f i g u r e s on s a l e s and s t o c k s . New o r d e r s are d e r i v e d from r e c e i p t s and r e p o r t e d f i g u r e s on o u t s t a n d i n g orders, 3 / The f i r s t t h r e e r a t i o s are of stocks and/or orders a t t h e end of t h e month Fo s a l e s d u r i n g the month. The f i n a l r a t i o i s based on t o t a l s of s a l e s and r e c e i p t s f o r t h e month.. Note:—These f i g u r e s are not e s t i m a t e s f o r a l l department s t o r e s i n t h e United S t a t e s . They a r e the a c t u a l d o l l a r amounts r e p o r t e d by a group of department s t o r e s l o c a t e d i n v a r i o u s c i t i e s throughout t h e country. I n 195k> s a l e s by t h e s e s t o r e s accounted f o r about 50 per cent of e s t i m a t e d t o t a l department s t o r e s a l e s . F i g u r e s f o r the most r e c e n t t h i r t e e n - m o n t h period a r e shown r e g u l a r l y i n t h e B u l l e t i n . For d e s c r i p t i o n and back data, January 1939 t o August 1952, see F e d e r a l Reserve B u l l e t i n f o r October 1952, pp. 1098-1102. Back d a t a may be o b t a i n e d from the Board's D i v i s i o n of Research and S t a t i s t i c s .