Bassett Furniture Industries BSET · USD
Consumer Discretionary · US listing · 🇺🇸 United States
22.07
+1.42%
Close of 9 Nov 2026, in USD
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About Bassett Furniture Industries
From its filings with the US Securities and Exchange Commission
Bassett Furniture Industries is based in Bassett, Virginia and is incorporated in Virginia. Its shares trade on Nasdaq under the ticker BSET. The SEC classifies its business as wood household furniture, (no upholstered). In the fiscal year to 29 November 2025, it reported revenue of $335.3m and net income of $6.1m. At that date it held total assets of $323.8m and shareholders' equity of $165.1m.
Bassett is a leading retailer, manufacturer and marketer of branded home furnishings. We were founded in 1902 and incorporated under the laws of Virginia in 1930. Our rich 123-year history has instilled the principles of quality, value, and integrity in everything we do, while simultaneously providing us with the expertise to respond to ever-changing consumer tastes and meet the demands of a global economy.
Approximately 60% of our wholesale sales arise from our network of 86 Company-owned and licensee-owned Bassett Home Furnishings (“BHF”) stores. Our store program is designed to provide a single source home furnishings retail store with a unique combination of stylish, quality furniture and accessories with a high level of customer service. The stores highlight our custom furniture design and manufacturing capabilities, free in-home or virtual design visits (“home makeovers”) and coordinated decorating accessories. Our philosophy is based on building strong long-term relationships with each customer. Salespeople are referred to as “Design Consultants” and are trained to evaluate customer needs and provide comprehensive solutions for their home decor. Until a rigorous training and design certification program is completed, Design Consultants are not authorized to perform in-home or virtual design services for our customers.
Quoted from its 10-K, filed 5 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Consumer Discretionary
- Industry
- Household Durables
- Listed since
- 16 Sept 1954
- Employees
- 1,194
- Website
- bassettfurniture.com ↗
- Head office
- PO BOX 626, BASSETT, VA, 24055
- Incorporated in
- VA
- Classification
- Wood Household Furniture, (No Upholstered)
- Filer status
- Accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Robert SpilmanChairman of the Board, President, Chief Executive Officer, since 1997$491,900
- Mr. John DanielSenior Vice President, Chief Financial and Administrative Officer$306,555
- Mr. John BassettSenior Vice President, Chief Operating Officer$306,718
- Mr. Bruce CohenourSenior Vice President, Chief Sales Officer$419,366
- Mr. Jay HerveyVice President, General Counsel, Secretary
- Mr. William WardenLead Independent Director$109,995
- Ms. Emma BattleIndependent Director$94,995
- Mr. John BelkIndependent Director$94,995
- Ms. Kristina CashmanIndependent Director$104,995
- Mr. James GoergenIndependent Director
- Ms. Virginia HamletIndependent Director$94,995
- Mr. J. Walter McDowellIndependent Director$94,995
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 25
- Environment
- 1
- Social
- 21
- Governance
- 54
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong brand reputation: Bassett Furniture Industries Inc has established itself as a trusted brand in the furniture industry, known for its high-quality and stylish products.
- Wide product range: The company offers a diverse range of furniture products, catering to various customer preferences and needs.
- Extensive distribution network: Bassett Furniture has a widespread network of retail stores and authorized dealers, allowing easy accessibility to customers.
Weaknesses
- Dependence on the U.S. market: The majority of Bassett Furniture's sales come from the United States, making it vulnerable to fluctuations in the domestic market.
- Limited international presence: The company has limited penetration in international markets, missing out on potential growth opportunities.
- Relatively high prices: Bassett Furniture's products are positioned in the higher price range, which may deter price-sensitive customers.
Opportunities
- Growing demand for eco-friendly furniture: There is an increasing consumer preference for environmentally sustainable products, providing an opportunity for Bassett Furniture to enhance its eco-friendly offerings.
- Online retail expansion: The rise of e-commerce presents an opportunity for Bassett Furniture to expand its online presence and tap into a wider customer base.
- Emerging markets: Bassett Furniture can explore entering emerging markets where demand for quality furniture is growing.
Threats
- Intense competition: The furniture industry is highly competitive, with both large retailers and niche players vying for market share.
- Economic downturns: During economic downturns, consumers may reduce their spending on non-essential items such as furniture, impacting Bassett Furniture's sales.
- Changing consumer preferences: Shifting trends and preferences in furniture styles and designs could require Bassett Furniture to continuously adapt and innovate to meet customer demands.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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