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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 .