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Balance Sheet Cash Flow Statement 3525 Fairystone Park Hwy. Bassett, VA 24055 VA Tel. 276-629-6000 Fax 276-629-6333 |
Type: Public
On the web:
http://www.bassettfurniture.com
Employees:
1,329
Employee growth: (7.9%)
Bassett Furniture Industries tries to get a leg up on the competition. The company, founded in 1902, makes wooden and upholstered furniture for home use, featuring bedroom and dining suites, sofas, chairs, love seats, and home office furniture. Bassett sells its products primarily through about 115 Bassett Furniture Direct stores (84 of which are licensed), Bassett shops, and Bassett Home Furnishings locations. Bassett boasts more than 30 company-owned stores located mostly in the southern and northeastern US. Dogged by disappointing sales, it reduced its number of manufacturing, warehouse, and showroom facilities from 13 to three and cut its workforce from 4,200 to 1,300 employees during the past seven years.
Key numbers for fiscal year ending November, 2008:
Sales: $288.3M
One year growth: (2.4%)
Net income: ($40.4)M
Officers:
Chairman: Paul Fulton
President, CEO, and Director: Robert H. (Rob) Spilman Jr.
SVP Operations and Logistics: Keith R. Sanders
Competitors:
Ethan Allen
Havertys
Rooms To Go
