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TG.7.4.1

^ 3

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

F^JOMMEDIATE RELEASE
•r-v"?Marcnf$j3/L954
lf
V
EVV*"
P A R T M—E N- T —STORE
Ty
- \V. . ' Dv'x
j
jMERCHANDISING
z
x
t
f
xDA%^
, r\
v
. v ' -vv '^Selected s e r i e s , based on r e t a i l dollar dmofonts)
JANHSRT19SU

Amount
(In millions of do]-lars)
1954
1953
1953
1952
Jan.
Dec.
Jan.
Dec.
Sales 1/

P 312

Stocks 1/

p i , 012

Outstanding orders

P 373

288 r

Receipts 2/

P

440

New orders 2/

P 367

725 r

4

%/£< „

^Qtie^&ent
Jctmiary
Month
ago

change
from
Year
ago

326

738

-57

- 4

1,0)4.2 r l , 0 3 1

r1,023

- 3

- 2

1*55

3 65

+30

-18

r

334 r

1+81

-36

-16

357 r

424 r

389

+ 3

-13

282

Merchandising Ratios 3 /
1954

Jan.

1953

Dec.

1953

1952

Jan.

Dec.

1949-53 a v . 1948-52 av,

Jan.

Dec.

Stocks t o Sales

P3.2

1.4

3.2

l.U

3.0

1.4

Outstanding Orders to
Sales

pi.2

0.4

1.4

0.4

1.5

0.5

Stocks plus Outstanding
Orders t o Sales

p4.4

1.8

4.6

1.9

4.5

2.0

Receipts to Sales 2/

p0.9

0.6

1.0

0.7

1.0

0.6

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 r e c e i p t s .
For monthly movements of t o t a l department store sales and stocks, r e f e r to
the regular monthly sales report G.7.2. and stocks report G.7.4.2, or the
Federal Reserve Bulletin.
2/ Receipts of goods are derived from the reported f i g u r e s on sales and
stocks. New orders are derived from receipts and reported f i g u r e s on outstanding orders.
3/ The f i r s t three r a t i o s are of stocks and/or orders at the end of the month
to sales during the month. The f i n a l r a t i o i s based on t o t a l s of sales and
r e c e i p t s f o r the month.
Note:—These f i g u r e s are not estimates f o r a l l department stores in the
United S t a t e s , They are the actual dollar amounts reported by a group of
department stores located in various c i t i e s throughout the country. In
1953, sales by these stores accounted f o r about $0 per cent of estimated
t o t a l department store s a l e s . Figures for the most recent thirteen-month
period are shown regularly in the Bulletin. For description and back data,
January 1939 t o August 1952, see Federal Reserve Bulletin f o r October 1952,
Back data may be obtained from the Board's Division of
pp. 1098-1102.
Research and S t a t i s t i c s .