TITLE

Bassett post $2.7M loss in 3Q; sales dip just 1%

AUTHOR(S)
Thomas, Larry
PUB. DATE
October 2008
SOURCE
Furniture/Today;10/20/2008, Vol. 33 Issue 8, p170
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of Bassett Furniture Industries for the third quarter of 2008 in the U.S. According to the author, the company recorded a decline in sales less than one percent and a net loss of $2.7 million due largely to an increase in its bad debt reserve. President and chief executive officer (CEO) Rob Spilman believed that progress was made in key areas of the operations despite overall disappointing financial results.
ACCESSION #
34970684

 

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