Bassett Furniture Announces Plant Closing and Lower First Quarter Sales . But family members had started new companies that ultimately competed with each other for sales. But when the building caught fire I thought, At least thats one brick you wont get.. Bassett now has a diversified brand portfolio that includes licensed, owned and . They'll be there for you when browsing our upholstery. At the end of the day, we are not a social experiment. Vaughan-Bassett, in Galax, is privately held; Bassett Furniture is public. Bassett Furniture Review - Must Read This Before Buying Its available in the following finishes, which range in tone from white to deep brown: Originally priced at $2,609, you can now buy the Abingdon Oak Panel Headboard in a Queen size for $1,949 or for a King sized bed for $2,049 (on sale from $2,739). BASSETT, Va., May 11, 2020 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced that it has continued reopening its stores, bringing the total reopened for business to 43 of its 66 corporate-owned stores, six of which are open to customers by appointment only. Early dressers sold for $4.75, washstands for $2.75 and beds for $1.50! "They make furniture that will last a long time," Epperson said. Its sales have declined in recent years. This sofa has short, dark legs made of real walnut, which stands out against the fabric. . If the entire chain is out of business and if the loveseat brand was imported or unknown, you may be out of luck. You can enter your zip code into Bassetts Delivery Pricing finder to find out the precise amount. Bassett curates its fabric and leather line based on one criteria: to create a collection of beautiful styles, colors and textures that allows you to get exactly the look and feel you want. Weighing in at 11 lbs and 36 high, the Thiago Table Lamp is $219 and this purchase qualifies for free shipping. Bassett Furniture Industries is a furniture manufacturer and retailer, headquartered in Bassett, Virginia, United States. During a plant tour last year, he was checking the quality of some boards one minute, and the next was describing the new Weinig rough-end system with the authority of an equipment salesperson. Your email address will not be published. Phone Number (877) 525-7070. BASSETT, Va. - Home furniture manufacturer and retailer Bassett Furniture reported $121 million in consolidated fourth quarter sales, a 5.6% gain over last year and a 3% gain over third. Save Time and Work with One of Our Design Experts. Bassetts own review site has a 4.6 average from over 20,000 customer reviews. Blog Extra! See our fabrics and leathers. For more information, visit the Companys website at bassettfurniture.com. Bassett Furniture - Wikipedia Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. Based on his analysis, 69% of wood furniture sold in the United States in the third quarter of 2009 was imported. Vaughan-Bassett employs seven hundred people in Galax. And it's always free. Many furniture companies take advantage of that power. Whether or not, they delete or edit any of the reviews, they do have the power to do so. Its a story that goes back to 1902, when furniture making was shifting from local cabinet makers to larger scale production to keep up with the growth of America. The Shoreline Bedside Table gives you some necessary storage space for your bedroom essentials with a dose of beachside style. Save my name, email, and website in this browser for the next time I comment. In 2011, Henry County Sheriffs deputies arrested a thirty-four-year-old man named Silas Crane for breaking into the J. D. Bassett plant. See our fabrics and leathers. Instead, theyve invested heavily in their plants here and in Elkin, N.C., to produce what they say are the best values possible, domestic or otherwise. Currently, Bassett is running their Winter Design event, where select living and dining furniture is 25% off, and select rugs are 35% off. The Shoreline Dresser has a total of six drawers. Keep reading as our Bassett Furniture review takes a look at the highlights of purchasing from this classic brand! It is mandatory to procure user consent prior to running these cookies on your website. Master and youth bedroom are at the heart of Vaughan-Bassetts line, with four-piece adult suites targeted to retail between $1,199 and $2,199. The top drawers are designed to hold small items and have round black knobs, while the larger bottom drawers have the traditional ring handles. Four have served in Afghanistan and Iraq. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. We build upholstery to let you design a comfort and style thats uniquely yours. Furniture markets began to shift in the 1990s and many mom-and-pop stores were closed as large store chains with no-name furniture were gaining a foothold. * *Rarely, a popular fabric or part will have a shortage. When possible, spend the extra money to get the highest quality cushions available. Furniture and accessories together to create the "wow" factor. Bassett Furniture. He picked one out and, with a degree of ceremony, chinked off the mortar before passing it to me carefully, the way one might hand over a sleeping baby or a rising loaf of bread. var postSlot1 = googletag.defineSlot("13051489/furnituretoday", [1, 1], "div-gpt-ad-singpost-9997770808178-1").addService(googletag.pubads()).setTargeting("SCmodule",303454); "The Decline of an American Furniture Maker", "The Little Virginia Town That Thrives on Making Furniture", https://en.wikipedia.org/w/index.php?title=Bassett_Furniture&oldid=1146930768, J. D. Bassett, Charles C. Bassett, Samuel H. Bassett, and Reed L. Stone, This page was last edited on 27 March 2023, at 20:43. Bassett Furniture: Takeover Pressure Might Continue We weren't su. Early in the first quarter, Bassett fulfilled the remaining excess portion of the large pandemic backlog. The Thiago Table Lamp has a unique, ornate design. The Shoreline Chest stands up on delicate tapered legs and has a slightly distressed finish. It is our hope that as our business improves, we will be able to return a significant number of our furloughed associates to their former positions and to our payroll., While it is impossible to predict the rate at which sales will return to anywhere near normal levels, we have seen incoming wholesale orders improve in each of the past four weeks, observed Spilman. Made with pride since day one. They'll be there for you when browsing our upholstery. The bulk of the line is veneered product, but it also includes solid-wood groups at the higher end of the price range.The company offers multiple color options on various groups, a feature often touted by many higher-priced domestic producers. Attention: To view the full capabilities of our Web site and to place an order. These were originally permitted under the Byrd Amendment, which has since been repealed, requiring the duties collected after Sept. 30, 2007, to go directly to the U.S. government. However, orders of custom furniture can be canceled within 24 hours of being placed. 'Factory Man,' by Beth Macy Bassett also has a traditional wholesale business with more than 700 accounts on the open market, across the United States and internationally and a logistics business specializing in home furnishings. At the time of this Bassett Furniture review, John Bassett III owns Bassett Furniture. It begins to soften within one year, eventually losing its shape and resilience (ability to bounce back) after 3 5 years. Simply plug in zip, city name, or state. Followers. The manufacturer, based here since 1919, produces more than 97% of its wood product mix domestically.And Vaughan-Bassetts emphasis on domestic production set it apart even a decade ago, when 66% of the wood furniture sold in the U.S. was produced here. Sure, they were proud of the work theyd done in those factories, of the friendships theyd formed while culling lumber and carpooling to save on gas. This generously sized dresser will stylishly house your whole wardrobe. Get fresh design ideas and inspiration from our design blog. It has one large top drawer with a black circular knob, and an open storage area underneath. Vaughan-Bassett furniture still made in U.S.A. Bassett is in the middle, left of center, with the moustache and bowler hat. Your California Privacy Rights/Privacy Policy. Like many of Bassett Furnitures products, this lamp catches your eye with its carved wooden features. Get fresh design ideas and inspiration from our design blog. It weighs 70 lbs. If negotiations are successful, this will provide us with additional capacity to begin to reduce the above backlog to a more manageable level., About Bassett Furniture Industries, Inc.Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. In some instances, we import most of the components of particular styles of furniture and custom assemble and finish them here in the USA when you order your furniture. When reading negative reviews from the past few (Pandemic) years, ignore complaints about late deliveries. This lamp has a pale wood base with a beautiful, wavy stem rising from a square base. The Club collection has two very different segments: One of these is custom-built high quality reclining furniture (but no high leg styles) with zero gravity mechanisms, made in North Carolina. Website. There were few places in America where the job losses felt as concentrated as along the eight-mile stretch of the Smith River that is home to Bassett, in the red-clay foothills of Virginias Blue Ridge Mountains. Take a look at the Lewiston Wood Top Round Cocktail Table by Bassett Furniture. Made from Asian hardwoods with birch wood veneers, The Shoreline Queen Panel Bed is statement-making and cozy at the same time. Bassett and C.C. The designer was very helpful.. Bassett was once one of the largest U.S. furniture manufacturers. Bassett Furniture Industries is a furniture manufacturer and retailer, headquartered in Bassett, Virginia, United States. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Its name was the one often inscribed on the back of the bedroom suites behind Door Number Three on Lets Make a Deal. The Baby Boom was on, and people needed to furnish the homes they were buying in the suburbs. In this Bassett Furniture review, Ill look at this long-standing companys best-selling products, what customers are saying about them, and explore their sales and discounts, so you can decide if their stylish, well-made pieces are right for your home and budget! Choosing Baby Nursery Furniture If there is damage, the repair person may be able to reinforce it before the damage gets worse. But a. In-store or online. According to reports from U.S. Customs and Border Protection, which distributes the funds each year, Vaughan- Bassett has collected nearly $20.8 million in duties since 2005. However, this was not the common experience of most customers. Every displaced line worker I interviewed told me that if John had stayed at Bassett some of the towns factories especially Superiormight still be running. They also offer their BenchMade line, made-to-order furnishings that allow customers to choose from endless finishes, shapes, and details to design their own beds, dining sets, and living room pieces. See what makes Broyhill furniture built to last & designed to love. In a corner of the lot stood a neat stack of bricks hed pulled from the pile. Save Time and Work with One of Our Design Experts. Select your Favorites. Shop our curated design plans. Oh, Baby! Like the rest of this unique, popular collection, the Shoreline Dresser is available in sea salt and ocean gray. This table gives you the opportunity to have a practical, durable place to put your cups and snacks while still giving you the opportunity to create a beautiful display on the lower shelf. In many cases, Bassett cannot predict what factors would cause actual results to differ materially from those indicated in the forward looking statements. All Rights Reserved. FAQ How to Contact Bassett Furniture Get Access to Exclusive Deals About Bassett Furniture Bassett Furniture is a high-end American home furnishings company specializing in real wood furniture such as benches, bed frames, and tables. Plan your room and explore different furniture arrangements. Made with pride since day one. You can consult with their designers and get made-to-order options that let you choose finishes, details, and fabrications. About the only thing Maxine and her husband have left of Bassett is a piece of furniture: a chest of drawers that Maxine helped fashion in Superiors rough end, the factory department in which lumber is measured and cut. And it's always free. Once youve thanked and said goodbye to the items that do not spark joy, what can you do with them. You also have the option to opt-out of these cookies. According to its latest annual report, the company had $85.5 million in sales in 2009, down 12.8% from $98.1 million in 2008. We are excited at the prospect of adding this additional location so close to our existing upholstery manufacturing platform, said Rob Spilman, Chairman and Chief Executive Officer. Bassett Furniture & Home Decor | Furniture You'll Love Bassett Furniture uses solid woods such as oak in many of their products, as well as Asian hardwoods, birch, and elm. Bassett Furniture carries pieces that suit a variety of tastes, whether youre looking for clean modern lines, lived-in vintage finishings, or a fresh, coastal look. They have been creating durable and beautiful wooden pieces since 1902! This headboard is made of solid Appalachian white oak and is part of the brands BenchMade collection, meaning it is made-to-order and crafted by artisans in the US. Like other companies, Vaughan-Bassett has felt the effects of the recession and competition from Asian producers. Bassett Furniture Industries is a smaller company with a market capitalization of US$190m, so it may still be flying under the radar of many institutional investors. If you don't have Adobe Reader get it here: Get Adobe Reader, Greensboro, NC, 4501 Landover Drive - Now Open, Enter for your chance to win $5,000 towards your purchase of Bassett Outdoor. Shop our latest catalog, with ideas for your home. PO Box 626, Bassett, Virginia, 24055. Follow. Heirs to an iconic fortunesought out a wealth manager who would assuage their progressive consciences. Made with pride since day one. var postSlot0, postSlot1, postSlot2, postSlot3, postSlot4, postSlot5, postSlot6, postSlot7; Winds were so strong that the conflagration could not be contained, and the adjacent Bassett Table Company became engulfed, too. We work on fostering the relationship as much as we work on furniture, and catch up on each other's family before we talk business. googletag.enableServices(); See our fabrics and leathers. Bassett Furniture currently manufactures its custom-made upholstered furniture lines in North Carolina. They are involved in recycling and tree-planting initiatives, and have a transparent set of standards for dealing with vendors and contractors that ensures Bassett only works with companies who have good working conditions and fair wages. The other four drawers are larger bottom drawers for heavier clothing items. Bassett Furniture has long been an industry leader in American furniture. The Shoreline Chest has the same stylish looks as the Shoreline Dresser, but is a more convenient choice for a smaller space. While we remain committed to our signature custom capabilities, we acknowledge that this form of selling becomes compromised when our fleet of brick and mortar retail stores is forced to close. If youre ready to commit to a new bed frame or want to add a new side table to your bedtime routine, Bassetts Bedroom Furniture collection has an option for you. If you want a lamp that stands out rather than blending in, take a look at the Bassett Furniture Thiago Lamp. There was Chinas movement to artificially lower its currency to give its exports an advantage over competitors, the underpriced dumping of Chinese goods, and Chinese government subsidiesall of which allowed Asian-owned companies to sell products at a lower price than their American rivals and expanded the U.S. trade deficit with China. This sofa is both classic and comfy. The investigation found that many Chinese producers were pricing their goods below normal market values, which is deemed illegal in the realm of international trade. All Rights Reserved. My Bassett Furniture review will cover this companys dresser best-sellers: The Shoreline Dresser and the Shoreline Chest. Get fresh design ideas and inspiration from our design blog. This cute side table pairs well with the Shoreline Bed Frame and other furniture from the Shoreline collection, and can give a coastal, cottage, or even farmhouse look to your space. For example, the rough-end system by German manufacturer Weinig uses cameras to detect flaws in boards and calculates how to cut each board based on where the defects lie. Any forward-looking statement that Bassett makes speaks only as of the date of such statement, and Bassett undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Reviews written after living with the furniture for several months (or years) are far more likely to be negative. When or if this gets resolved I will NEVER shop at Bassett again. Top 628 Bassett Furniture Direct Reviews We take pride in the strength and durability of our interlocking upholstery frames. Over the next year, dozens of people stopped by the charred remains of the plant to collect a keepsake brick. Founder J.D. Is National Mt Airy Furniture Co still in business? He won. Bassett's American-made custom-built collections are higher quality and more expensive. Today, Vaughan-Bassett is an outlier in its industryone of the last bedroom-furniture makers left, as well as the largest. (BSET-E), Certain of the statements in this release, particularly those preceded by, followed by or including the words believes, plans, expects, anticipates, intends, should, estimates, or similar expressions, or those relating to or anticipating financial results or changes in operations for periods beyond the end of the first fiscal quarter of 2021, constitute forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended. With a slightly distressed, light wood look, this paneled bed frame evokes a coastal theme welcoming, relaxed luxury. In-store or online. He quickly made his first sale of lumber to a coffin company in Winston-Salem, North Carolina, and returned home with the knowledge of the growing furniture industry and the subsequent demand for raw lumber. Bassett is happy to help with nursery design advice to help you in choosing baby nursery furniture for your home. With 100 company- and licensee-owned stores at the time of this release, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. Extra! J. Michael DanielSenior Vice President andChief Financial Officer (276) 629-6614 InvestorsPeter D. MorrisonVice President of Communications (276) 629-6450 Media, Source: Bassett Furniture Industries, Incorporated, If you don't have Adobe Reader get it here: Get expert design help on your project big or small. We build upholstery to let you design a comfort and style thats uniquely yours. Closer to home, Bassetts wholesale revenue from March 23rd through the end of April declined by more than 80%.