Bassett posts smaller loss

Evans, Gary
July 2008
Furniture/Today;7/21/2008, Vol. 32 Issue 45, p94
Trade Publication
The article reports on the $391,000 or 3 cents' share lost of Bassett Furniture Industries Inc. in Virginia. The company has a smaller share lost compared to the prior years. Due to an accounting change, there was an increased by company's revenue of $4.1 million. According to Bassett the company-owned stores had gained by 12% of its retail sales but apparently its wholesale sales' revenue had decreased with 2%. It is reported that the company has a net income of $126,000 or 1 cent per share.


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