Tag Archives: Robert Spilman Jr.

Bassett Q1 Net Falls 14 Percent

Bassett

BASSETT, Va.-Downtrending sales, increased new store-related costs and reduced margins in its wholesale segment combined to slash Bassett Furniture’s first-quarter net income by 14 percent, to $843,000. Net sales in the quarter, which ended on March 1, fell 5.3 percent to $75.6 million. Included in the top-line total was a 5.4 percent decline in salesMore »