Bassett reports $4.2M 1Q loss

Thomas, Larry
April 2007
Furniture/Today;4/9/2007, Vol. 31 Issue 30, p1
Trade Publication
The article reports on the $4.2 million loss posted by Bassett Furniture Industries in the first quarter of 2007. According to the author, the furniture company was hampered by a double-digit sales decline and charges related to a factory closing. The company reveals that sales for the quarter ended February 24 were $73.4 million. President and chief executive officer (CEO) Robert Spilman Jr. acknowledged that the loss affected the company in terms of business levels.


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