Federal Be Serve 30.410) 1923

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1923 - 28 FEDERAL BE SERVE 30.410) B&S RTI - 46 RETAIL TRADE It? SEPTEMBER, 1928. Preliminary report. Sales of 503 reporting retail stores in September were 6 per cent larger than in the same month of last year according to preliminary figures received by the Federal reserve system. Increases from last year were shown by 314 firms and de- creases by 189 firms. It should be noted that September of this year contained one loss business day and one more Saturday than September, 1927. All of the Federal reserve districts reported larger department store sales than last year, except the Boston, Atlanta, and San Francisco districts, where thp volume did not change, and tho Minneapolis district where sales decreased by 3 per ccnt. Sales of mail order houses were 24 per cent larger than in September last year, and those of five-and-ten-cont chain stores were 12 per cent larger. The changes in the volume of business of these firms reflect in part an increase in the number of retail outlets in operation from month to month. Percentage changes in dollar sales between September, 1927, and September, 1928, together with the number of stores reporting, are given in the following table: Federal •.Percentage of increase ot : Number of stores re se rve : decree?.s e in sales—September; Total : Number reporting district :1928, compared with Sept- re- : In- :; DO — tember. 1927. : porting : crease : crease Boston — 0.6 71 31 40 Mew York + 5.3 50 31 19 Philadelphia + 6.8 49 33 16 Cleveland • + 9.8 38 32 6 Richmond + 3.a 46 24 22 Atlanta - 0.5 32 16 16 Chicago +19.1 63 54 9 St. Louis + 8.6 21 13 8 Minneapolis - 3.3 15 8 7 Kansas City + 5.6 26 21 5 Dallas + 7.0 20 16 4 San Francisco + 0.9 72 35 37 Total + 5.9 503 314 189 Mail order houses +24.0 (2 houses) Five-and-ten-oent. stores+12.0 (8 chains) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis.

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