BNET Industries

Bassett Furniture Industries Inc.

(BSET) is in the Manufacturing Industry

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 Fulton
Number of Employees 1,329
Contact Information

3525 Fairystone Hwy

Bassett, Virginia 24055

www.bassettfurn...

(276) 629-6000

NAICS Code Nonupholstered Wood Household Furniture Manufacturing: 337122

Recent Events

  • Bassett Furniture to close fiberboard plant in Virginia

    10/16/09 - Financial Announcement - View Story

  • Bassett Furniture reports loss of $9.9M in quarter

    9/16/09 - Financial Announcement - View Story

  • Bassett Furniture To Restate 1Q; SEC Review Nearly Complete

    8/20/09 - Financial Announcement - View Story

  • Bassett Furniture BSET Expects to Report Second Quarter Results by Month End

    7/09/09 - Financial Announcement - View Story

News & Analysis

bassett furniture industries inc. and furniture - All News and Analysis

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

    Morningstar.com - 8/20/09 - View Story

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     BSET $3.53 +0.01 (0.28% )
Average Volume 23,702
Shares Outstanding 11.45M
Market Cap 40.4M
Year High 5.1
Year Low 0.62
Earnings Per Share -5.17
P/E Ratio -0.68
Dividend 0.40
Yield 11.33
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