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

Thomas, Larry
October 2008
Furniture/Today;10/20/2008, Vol. 33 Issue 8, p170
Trade Publication
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.


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