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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.7.U.1 FOR IT/MEDIATE RELEASE June 28, 195k STORE MERCHANDISING B m M ^ ^ A R Y UNITED STATES - MAY 195 U J U N 2 9 1954 Selected series, based on retail dollaf ^#%%t§)corp,.r n = Amount BANK rfciN ^ change (In millions of dollars) Maj^ from Month Year 1934 1953 May | Apr. May j Apr. ago ago Sales 1/ P Stocks 1/ pi,161 Outstanding orders P 2U6 279 r Receipts 2/ P 350 New orders 2/ P 317 372 U02 r 391 377 - 7 - 5 rl,190 1,219 - 2 - 2 320 326 -12 -23 1*09 r 362 U20 -iU - 3 31*5 r 356 3bh - 8 -11 1,183 Merchandising Ratios 3/ May 193 h [ Apr. " 1953 May Apr. 19U9-53 Average May Apr. Stocks to Sales P3.1 2.9 r3.0 3.2 3.0 3.2 Outstanding Orders to Sales p0.7 0.7 0.8 0.9 0.7 0.8 Stocks plus Outstanding Orders to Sales p3.8 3.6 3.9 U.l 3.7 U.O Receipts to Sales 2/ p0.9 1.0 0.9 1.1 0.9 1.1 p—Preliminary. "r—Revised. 1/ Figures are based on the sample described in the note below and are presented here solely to permit comparisons with changes in orders and receipts. For monthly movements of total department store sales and stocks, refer to the regular monthly sales report G.7.2 and stocks report G.7.U.2, or the Federal Reserve Bulletin. 2/ Receipts of goods are derived from the reported figures on sales and stocks. New orders are derived from receipts and reported figures on outstanding orders 3/ The first three ratios are of stocks and/or orders at the end of the month sales during the month. The final ratio is based on totals of sales and receipts for the month. Note:—These figures are not estimates for all department stores in the United States. They are the actual dollar amounts reported by a group of department stores located in various cities throughout the country. In 1953* sales by these stores accounted for about 50 per cent of estimated total department store sales. Figures for the most recent thirteen-month period are shown regularly in the Bulletin. For description and back data, January 1939 to August 1952, see Federal Reserve Bulletin for October 1952, pp. 1098-1102. Back data may be obtained from the Board1s Division of Research and Statistics.