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$BSET

BASSETT FURNITURE INDUSTRIES INC

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MAY 20net (bullish − bearish)MAY 26
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MAY 20·Furniture World MagazineMed

Bassett Furniture Plants 250,000th Tree for Sustainability Milestone

Bassett Furniture recently celebrated a significant sustainability milestone by planting its 250,000th tree. This event, coinciding with the company's 11th Annual BenchMade Arbor Day and the 250th anniversary of the United States, highlights Bassett's ongoing commitment to sustainable practices since 2015. The tree-planting program supports responsible wood harvesting in the Appalachian region for their BenchMade furniture lines, with the company planting two trees for every solid wood bedroom or dining suite sold.

APR 7·Furniture World Magazine

Bassett Reports Fiscal Q1 2026 Results - Furniture World Magazine

Bassett Furniture Industries, Inc. reported a 2.2% decrease in consolidated net sales for fiscal Q1 2026, totaling $80.3 million, with diluted earnings per share falling to $0.13. The company attributes the slowdown to a weak residential housing market and severe weather in January, despite a strong President's Day event. Bassett plans continued investments in new retail locations and expects cost-saving initiatives to yield $1.5 to $2.0 million annually.

MAR 10·Class Action Lawsuits

Bassett Furniture faces class action over alleged ‘massive’ false discount scheme

Bassett Furniture is facing a class action lawsuit alleging the company engages in a "massive and consistent" false discount advertising scheme. The lawsuit claims Bassett advertises perpetual 20% to 30% discounts from inflated reference prices, tricking consumers into believing they are getting a special bargain. Plaintiff Barbara Rosing Hoke seeks restitution and injunctive relief for California consumers who purchased discounted products from Bassett's website or retail stores.

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