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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.