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Bassett Furniture Industries Inc  (BSET)
Other Ticker:  
 
    Sector  Consumer Discretionary    Industry Furniture & Fixtures
 
 


Bassett Furniture Industries Inc Segments

 
 

Business Segments II. Quarter
Revenues
(in millions $)
(May 26 2018)
%
(of total Revenues)
II. Quarter
Income
(in millions $)
(May 26 2018)
%
(Profit Margin)
Total
116.98 100 % 4.29 3.67 %

• View Income Statement • View Competition by Segment • View Annual Report

Growth rates by Segment II. Quarter
Y/Y Revenue
%
(May 26 2018)
Q/Q Revenue
%
II. Quarter
Y/Y Income
%
(May 26 2018)
Q/Q Income
%
Total
10.47 % 6.08 % 49.91 % -

• View Growth rates • View Competitors Segment Growth • View Market Share

To get more information on Bassett Furniture Industries Inc's Total segment. Select each division with the arrow.

  Bassett Furniture Industries Inc's

Business Segments Description



Wholesale Segment

The wholesale furniture industry is very competitive and there are a large number of manufacturers both within and outside the United States who compete in the market on the basis of product quality, price, style, delivery and service. Additionally, many retailers source imported product directly, thus bypassing domestic furniture manufacturers and wholesale importers. We believe that we can be successful in the current competitive environment because our products represent excellent value combining attractive prices, quality and styling; prompt delivery; and superior service.

Retail Segment – Company-Owned Retail Stores

The retail furniture industry remains very competitive and includes local furniture stores, regional furniture retailers, national department and chain stores and single-vendor branded retailers. As a whole, our store network with 60 Company-owned stores and 33 licensee-owned, ranks in the top 30 in retail furniture sales in the United States. We plan to continue opening new stores, primarily in underpenetrated markets where we currently have stores. In this regard we are currently considering several locations for new store expansion over the next three years, with at least three of these planned to open in fiscal 2016. We continue to evaluate all stores in our fleet and plan to close three underperforming stores this year as well.

Logistical Services

Zenith is a specialized supply chain solutions provider, offering the home furnishings industry the benefit of an asset-based network to move product with greater efficiency, enhanced speed to market, less damage, and a single source of shipment visibility.

   

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