Bassett Furniture was founded in 1902 by the Basset family, David Charles, Samuel, and Reed Bassett in Virginia. The company makes handmade wood furniture and is the oldest furniture maker in the state of Virginia.
The company manufactures and sells a wide variety of furniture, including living room, dining room, and bedroom furniture. The company employs more than 1,300 persons. Bassett Furniture has more than 100 locations in the US, Canada, and Puerto Rico. Expansion continues to be a priority. The company has opened 3 new locations at the beginning of 2017, including Garden City, New Jersey, Los Angeles, California, and King of Prussia, Pennsylvania.
Bassett Furniture is publicly traded on the NASDAQ under the ticker symbol: BSET. Bassett reported unaudited consolidated earnings for the first quarter ended February 24, 2018, of $110.3 million for the first quarter of 2018 compared to $105.9 million for the first quarter of 2017, an increase of 4.1%.