Bassett Furniture Industries, Incorporated · Bassett, VA United States ·(NASDAQ (GS): BSET)

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. To read the full description, subscribe now.