TITLE

Bassett 4Q sales down 1 %

AUTHOR(S)
Thomas, Larry
PUB. DATE
February 2008
SOURCE
Furniture/Today;2/4/2008, Vol. 32 Issue 22, p42
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the statement given by Bassett Furniture Industries Inc. that its fourth-quarter sales declined 1% from a year earlier to $76 million and the company recorded a net loss of $4 million. Intricately, the loss, which was attributed to soft retail business conditions, would have been wider had it not been for $2.1 million the company received from antidumping duties collected from Chinese bedroom furniture producers.
ACCESSION #
29346322

 

Related Articles

  • Bassett posts loss; sales drop 21.8%.  // Furniture/Today;10/8/2001, Vol. 26 Issue 6, p117 

    Reports the business losses of manufacturer/importer Bassett Furniture Industries in Bassett, Virginia. Effects of pretax restructuring and non-recurring charges; Closure of domestic wood plants; Influence of fixed asset write-downs.

  • Bassett sales drop 22.9%.  // Furniture/Today;9/21/2009, Vol. 34 Issue 2, p1 

    The article offers information on the second-quarter earnings report issued by Bassett Furniture Industries Inc. in September 2009. According to the report, the sales of the company have declined by almost 23%. Moreover, it also notes that Bassett Furniture has incurred a net loss of 9.9 million...

  • Bassett to close two divisions.  // Wood & Wood Products;Aug97, Vol. 102 Issue 9, p13 

    States that the Bassett Furniture company is closing two of its divisions in Virginia. Identification of the divisions; Reasons for the closures; Impact of the closures on the company's sale.

  • Bassett adds Seattle, Indianapolis warehouses.  // Furniture/Today;1/28/2013, Vol. 37 Issue 22, p10 

    The article presents information on Bassett Furniture Industries Inc., a furniture manufacturer, that will open new warehouses in Seattle, Washington D.C. and Indianapolis, Indiana to support the growth of the brand with independent furniture retailers.

  • Bassett sales drop 18.9% in fourth quarter.  // Furniture/Today;2/16/2009, Vol. 33 Issue 24, p34 

    The article reports on the sales of Bassett Furniture Industries Inc. for the quarter ended November 28, 2008. The company reported a net loss of $37.8 million with a declining 18.9% in sales. It reveals that company's financial performance for the full fiscal year reached a total net loss of...

  • Bassett posts $8.7 million loss in first fiscal quarter. Thomas, Larry // Furniture/Today;4/13/2009, Vol. 33 Issue 31, p68 

    The article reports on the financial performance of Bassett Furniture Industries Inc. in the first quarter of 2009 in Virginia. Bassett has incurred a net loss of $8.7 million, and its sales declined by 27.2 % equivalent to 76 cents per share. The company admits that the sales in all segments of...

  • Bassett 4Q sales up 4.4%, off 2% for year. Slaughter, Powell // Furniture/Today;1/19/2004, Vol. 28 Issue 20, p38 

    Reports on the sales posted by full-line manufacturer-importer Bassett Furniture Industries Inc. in the U.S. Losses incurred related to the closing of its factory in Dublin, Georgia; Progress demonstrated in the cash flow it generated; Number of stores opened by the licensees.

  • Bassett reports $4.2M 1Q loss. Thomas, Larry // Furniture/Today;4/9/2007, Vol. 31 Issue 30, p1 

    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...

  • Bassett raises its dividend.  // Furniture/Today;10/22/2011, Vol. 36 Issue 8, p190 

    The article reports that Bassett Furniture Industries Inc. has increased its quarterly dividend to 3.5 cents per share for the upcoming quarter of 2011.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics