Stock Data
$0.01 (0.02%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
FURNISHINGS, FIXTURES & APPLIANCES
Bassett Furniture Industries Inc is a well-established company that specializes in creating, marketing, and selling home furnishings. With a rich history dating back to 1902, it offers a wide range of furniture products including dining sets, bedroom suites, bedding, home decor, rugs, and outdoor pieces. Bassett caters to customers through a mix of company-owned and licensee-owned retail outlets, as well as independent stores across the United States and internationally. The company also sells its products online and boasts its own wood and upholstery manufacturing operations. Headquartered in Bassett, Virginia, it also manages various properties for retail and distribution purposes.
Bassett Furniture beat on both lines despite a soft housing market, with e-commerce written sales exploding 40% and average order values climbing 24% as the company deploys AI to target younger, affluent shoppers.
Bassett Furniture reports after the bell today with the home furnishings sector still caught between stubborn rates and a housing slowdown that shows few signs of lifting.
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