Is Bassett furniture company still in business?

Is Bassett furniture company still in business?

(NASDAQ:BSET) announced today plans to cease operations at its wood manufacturing facility in Bassett, Va. During the last few years, like most of the U.S. furniture industry, Bassett has continued to experience a shift in demand from domestically produced wood products to imported wood products.

Is Basset made in America?

Almost everything we sell is made or assembled in the USA. Below we explain the various methods of craftsmanship that go into each piece of furniture. We take pride in who we are and hope this information will make your decision to buy at Bassett a little easier.

Where is Bassett Furniture Company located?

Bassett, Virginia
Bassett Furniture Industries is a furniture manufacturer and retailer, headquartered in Bassett, Virginia, United States.

Is Bassett furniture in financial trouble?

GuruFocus rated Bassett’s financial strength 4 out of 10. In addition to weak debt ratios, the Altman Z-Score of 2.35 indicates the company is under some financial pressure since revenue per share had been declining over the past five years.

Is Vaughan Bassett furniture the same as Bassett furniture?

Bassett, also founded what today is well known as Bassett Furniture Industries. Employing over 1,200 people in factories based in Galax, Virginia, and Elkin, North Carolina, In fact, Vaughan Bassett is now the largest manufacturer of wooden adult bedroom furniture in the United States.

Is Bassett Furniture a good brand?

The furniture is of great quality and very beautiful. 85% of my home is furnished with Bassett products and I’m so pleased with the quality. I will continue to shop here because of the wonderful management and the quality of their products.

Is Bassett a good brand?

Bassett Furniture really does deliver high-quality furniture, and when it comes to their sofa selection, there really isn’t anything you should stay away from! No matter your style, you can find something that works for you that’s going to last for years to come.

Who are the founders of Vaughan Bassett Furniture?

Based in Galax, Virginia, Vaughan-Bassett Furniture Company manufactures bedroom furniture. In 1919, two men, B.C. Vaughan and J.D. Bassett, Sr., both of whom were from Bassett, Virginia, first founded our company. Mr. Bassett, Sr., and his brother, C.C. Bassett, also founded what today is well known as Bassett Furniture Industries.

Where are the Bassett Furniture factories located in the US?

Mr. Bassett, Sr., and his brother, C.C. Bassett, also founded what today is well known as Bassett Furniture Industries. Employing about 700 people in factories based in Galax, Virginia, and Elkin, North Carolina, we are extremely proud of the fact that 100 percent of our furniture is crafted here in the United States by American employees.

How to get in touch with Bassett Furniture?

Please check our Frequently Asked Questions page before sending us an email. We may have already answered your questions and you can get the answer now! Please use the form below to send us an email. Phone (xxx-xxx-xxxx) Your Email Address * What can we help you with? * If you are a human, do not fill in this field.

What did the Bassett family do with their lumber?

The Bassett family was running a sawmill that supplied rail ties for the new Norfolk & Western line that was being built through the family property. In 1892, the rail line was completed and the family began looking for markets for its lumber.