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Home > Company Index > Consumer Products-Durables > Home Furnishings > Bassett Furniture Industries, Incorporated
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Bassett Furniture Industries, Incorporated |
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NEWS FROM THE WIRES |
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Bassett Furniture says cuts jobs, sees charge Aug 21 2001 01:10 PM PDT
> More WIRE STORIES about this company
PROFILE |
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Bassett Furniture Industries tries to get a leg up on competing furniture manufacturers. The company makes dining room and bedroom suites, desks, tables, chairs, sofas, bookcases, and other home furniture. Wood furniture fetches about 70% of sales, with most of the rest from upholstered pieces. Bassett sells its products through department and furniture stores, more than 150 @Home With Bassett in-store boutiques, and nearly 60 licensed Bassett Furniture Direct stores; J.C. Penney is Bassett's largest customer, with 16% of sales. Dogged by years of dismal sales, Bassett has been consolidating some factories and cutting jobs to reduce costs. The company also is increasing its store licenses.
COMPETITION |
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Ethan Allen Interiors Inc. (ETH)
Furniture Brands International, Inc. (FBN)
LifeStyle Furnishings International Ltd. (dossier)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: November
2000 Sales (mil.): 367.40
1-Yr. Sales Growth: (6.8)%
Employees: 4,100
Revenue per employee: $89,609.76
KEY PEOPLE |
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Robert H. Spilman
CEO
Barry C. Safrit
CFO
CONTACT INFO |
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3525 Fairystone Park Hwy.
Bassett, VA 24055
US
Phone: 540-629-6000
Fax: 540-629-6333
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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