BNET Industries
Market Cap:$40.2M
Last Fiscal Year Sales:$288.2M
- Public
- US
Dow Jones Description
Bassett Furniture Industries, Incorporated (together with its consolidated subsidiaries, Bassett, we, our or the Company), based in Bassett, Va., is a leading retailer, manufacturer and marketer of branded home furnishings. Our products are sold primarily through a network of licensee- and Company-owned branded stores under the Bassett Furniture Direct (BFD or store) or Bassett Home Furnishings (BHF or store) name, with secondary distribution through Bassett Design Centers and other multi-line furniture stores. Bassettbaby ® cribs and casegoods are sold through specialty stores and mass merchants. We were founded in 1902 and incorporated under the laws of Virginia in 1930. Our rich 106-year history has instilled the principles of quality, value, and integrity in everything that we do, while simultaneously providing us with the expertise to respond to ever-changing consumer tastes and to meet the demands of a global economy. Two primary business developments continue to affect our business as they have for nearly a decade. First, we created and re-channeled sales through a vertically integrated retail sales network. The store program was created in 1997 as a single source home furnishings retail store that provides a unique combination of stylish, well-made furniture and accessories with a high level of customer service. This service includes complimentary room planning, in-home design visits, fast delivery, and custom-order furniture. ...
President and CEO
Paul FultonNumber of Employees 1,329
Peer Companies
NAICS Code Nonupholstered Wood Household Furniture Manufacturing: 337122
Recent Events
-
Bassett Furniture to close fiberboard plant in Virginia
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Bassett Furniture reports loss of $9.9M in quarter
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Bassett Furniture To Restate 1Q; SEC Review Nearly Complete
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Bassett Furniture BSET Expects to Report Second Quarter Results by Month End
News & Analysis
Filter by
bassett furniture industries inc. and furniture - All News and Analysis
Bassett Furniture Announces National Advertising Campaign
BASSETT, Va. -- Bassett Furniture Industries, Inc. (NASDAQ: BSET), a leading manufacturer and marketer of branded home furnishings, has announced plans to promote its new West End Collection using national television advertising and direct mail. The West End commercials (30 seconds) will run throughout the month of September on...
Bassett Furniture Partners With ABC's ``Extreme Makeover: Home Edition''
BASSETT, Va. -- Bassett Furniture Industries, Inc. (NASDAQ: BSET) has partnered with ABC's "Extreme Makeover: Home Edition" show to help the Leslie family from Braithwaite, La. The show will air Sunday, April 3 (8:00-9:00 p.m., EST) on the ABC Television Network. "We chose Bassett Furniture Direct because it offers...
Bassett Furniture Industries, Inc. [BSET] President and CEO and John Elway to Open The NASDAQ Stock Market
What: Robert Spilman, President and Chief Executive Officer of Bassett Furniture Industries, Inc. (NASDAQ: BSET) and John Elway, Hall-of-Fame Quarterback will preside over the NASDAQ Market Open. Where: NASDAQ MarketSite -- 4 Times Square -- 43rd & Broadway -- Broadcast Studio When: Wednesday, August 11,...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Paul Fulton | President and CEO |
| Robert H. Spilman | CEO |
| Bary Safrit | CFO & Vice President |
| J. Michael Daniel | Corporate Controller and Interim Chief Financial Officer |
| Jason Camp | Senior Vice President of Retail |
| John Bassett | Senior Vice President, Wood |
| Keith R. Sanders | Senior Vice President |
| Mark S. Jordan | Senior Vice President, Upholstery |
| Charles King | Vice President |
| Jay Hervey | General Counsel, Vice President and Secretary |
| Matthew Johnson | Vice President Merchanding & Design |
| Thomas Brockman | Vice President of the Wood Division |
| Peter Morrison | Director, Brand Mgmt |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| William C. Warden Jr. | Chairman |
| C William Jr | Board of Directors |
| Dale C. Pond | Board of Directors |
| George W. Henderson | Board of Directors |
| Howard H. Haworth | Board of Directors |
| Kristina K. Herbig | Board of Directors |
| Lane East Waller | Board of Directors |
| Peter W. Brown | Board of Directors |
| William C. Wampler Jr. | Board of Directors |
Fulton, a 1957 Carolina graduate, is the former president and CEO of Bassett Furniture Industries. He was president of Sara Lee Corp. for five years and has served as president of Hanes Corp. and dean of the Kenan-Flagler Business School. He serves five corporate boards. Fulton has received the Distinguished Service Medal and Davie Award for outstanding service to Carolina.
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | President and CEO | Current |
| Bassett Furniture Industries, Incorporated | Non-Executive Chairman of the Board | Current |
| Oshkosh B'Gosh, Inc. | Director | Current |
| Sara Lee Corporation | President | Former |
| Carolina First | Co-Chair | Former |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | CEO | Current |
| Bassett Furniture Industries, Incorporated | President | Current |
| Bassett Furniture Industries, Incorporated | Board of Directors | Current |
| Ruddick Corporation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | CFO & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Corporate Controller and Interim Chief Financial Officer | Current |
Jason W. Camp, 39, joined the Company in 2006 as Senior Vice President of Retail. Prior to joining Bassett, Mr. Camp was with Restoration Hardware, Inc. for nine years advancing to the position of Senior Vice President and General Manager of the Retail Division.
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Senior Vice President of Retail | Current |
| Restoration Hardware, Inc. | Senior Vice President, Retail Operations | Former |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Senior Vice President, Wood | Current |
| Bassett Furniture Industries, Incorporated | Vice President of Wood Manufacturing | Former |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Senior Vice President | Current |
| Bassett Furniture Industries, Incorporated | Vice President of Upholstery Manufacturing | Former |
Mark S. Jordan, 55, joined the Company in 1999 as Plant Manager. In 2001, he was promoted to Vice President of Upholstery Manufacturing and in 2002 he was promoted to Vice President and General Manager-Upholstery.
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Senior Vice President, Upholstery | Current |
| Bassett Upholstery Division | Manager | Current |
| Bassett Furniture Industries, Incorporated | Vice President Upholstery | Former |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | General Counsel, Vice President and Secretary | Current |
| Bassett Furniture Industries, Incorporated | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Vice President Merchanding & Design | Current |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Vice President of the Wood Division | Current |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Director, Brand Mgmt | Current |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Home Safety Council | Director | Current |
| Family Dollar Stores, Inc. | Board of Directors | Current |
| Bassett Furniture Industries, Incorporated | Board of Directors | Current |
| Lowe's Companies, Inc. | Senior Executive Vice President, Merchandising, Marketing | Former |
| Montgomery Ward | Former |
| Organization | Position | Status |
|---|---|---|
| Propex Fabrics Inc | Chairman | Current |
| Bassett Furniture Industries, Incorporated | Board of Directors | Current |
| Lincoln Financial Group | Board of Directors | Current |
| Emory University | MBA | Former |
| The University of North Carolina at Chapel Hill | B.A. | Former |
| The University of North Carolina | Bachelor’S Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Board of Directors | Current |
| Dominion Resources, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bassett Furniture Industries, Incorporated | Board of Directors | Current |
Executive News
-
Bassett Furniture To Restate 1Q; SEC Review Nearly Complete
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