Woodworking Industry News

Woodworking Industry News

Bassett Furniture sales rise, but net declines

Bassett Furniture Industries, Inc. (Nasdaq:BSET) saw third quarter sales rise 1.5 percent to $59.4 million, primarily driven by a 12% increase in retail sales due to additional volume from newly-acquired company-owned stores and a 4.3% increase in comparable store sales.Net income was $400,000, down by $2 million from the year prior.