Citing a challenging sales environment, Bassett Furniture Industries Inc. reported a fiscal first-quarter loss of $1.2 million, after reporting a profit in the same period a year earlier. The Bassett, ...

Bassett Furniture Industries Inc (NASDAQ:BSET) reported a third-quarter FY23 sales decline of 26% year-on-year to $87.22 million, beating the analyst consensus estimate of $86.95 million. Sales from ...

Bassett Furniture has announced a series of layoffs and retirements in a bid to better match its cost structure to the current rate of business, the home furniture manufacturer and retailer said in a ...

Consolidated Revenue: Increased by 5.9%, with a 7.3% increase excluding sales from Noa Home. Gross Margin: Improved by 320 basis points to 56.2%. Operating Income: $600,000 compared to a loss of $6.4 ...

BASSETT, Va. — Bassett Furniture Industries plans to reduce U.S. wood manufacturing from two Virginia factories in Bassett and Martinsville into one primary location, supported by a satellite ...

Bassett Furniture is a top vertical furniture manufacturer/retailer in the U.S., with close to 100 stores. BSET enterprise value is approaching zero, with no debt and a large cash hoard. Overall ...

Bassett Furniture Industries Inc. will reopen an upholstery plant in Newton at the end of May. Bassett has 430 employees at its Catawba County complex. It will staff the upholstery operation with new ...

Back in early January of this year, one company that I believed deserved a downgrade to a 'sell' was Bassett Furniture Industries (NASDAQ:BSET). For those not familiar with the firm, it serves as a ...

Bassett Furniture Industries, Inc. BSET is expected to see falling earnings this year as the pandemic-fueled furniture boom ends. This Zacks Rank #5 (Strong Sell) is grappling with declining sales but ...

Bassett leadership has its sights fixed on the future, and the new Bassett retail experience is ushering in a forward-facing era of business.