Bassett Furniture Industries Inc. (BSET)

Overview

Bassett Furniture Industries, Incorporated, established in 1902 and headquartered in Bassett, Virginia, is a prominent name in the furniture manufacturing and retailing industry. The company, with its subsidiaries, has marked its presence both in the United States and internationally. It operates through three main segments: Wholesale, Retail – Company-Owned Stores, and Corporate and Other. Bassett Furniture is known for its innovative design, high-quality manufacture, and diverse sourcing strategies aimed at offering an extensive range of home furnishing products. The company manages a wide network of company-owned retail stores, licensee-owned stores, and independent retailers, alongside its substantial online presence. Moreover, it is involved in wood and upholstery operations and holds significant real estate assets including land, retail store properties, warehouses, and distribution centers.

Products and Services

• Dining Furniture

Bassett Furniture provides a wide array of dining room furniture items, catering to varied tastes and preferences. These products are designed with an emphasis on both functionality and aesthetic appeal, facilitating a comfortable and inviting dining experience.

• Bedroom and Bedding

The range of bedroom furniture and bedding options from Bassett Furniture includes beds, dressers, nightstands, and more. They offer a mix of styles from traditional to contemporary, focusing on creating a tranquil bedroom environment.

• Home Decorations

Bassett’s home decoration line features a variety of items such as mirrors, wall art, lighting, and other accessories. These products aim to enhance the overall aesthetics of a home, complementing the furniture and setting a personalized ambiance.

• Rugs

Rugs from Bassett Furniture come in an extensive selection of designs, sizes, and materials. They serve not only as a functional piece to protect floors but also as an artful addition to any room, bringing warmth and texture.

• Outdoor Furniture

The outdoor furniture range is designed to merge comfort with durability, suitable for various outdoor settings. These products include outdoor seating, tables, and accessories, crafted to withstand the elements while enhancing outdoor living spaces.

• Distribution Channels

Bassett Furniture products are distributed through a network of company-owned retail stores, licensee-owned stores, and independent retailers. Additionally, Bassett galleries or design centers and the company’s online platform serve as important channels, making their products widely accessible to customers.

• Wood and Upholstery Operations

Apart from retail and distribution, Bassett Furniture is engaged in wood and upholstery operations. This aspect of the business underscores the company’s commitment to craftsmanship and quality, ensuring that each piece of furniture meets rigorous standards.