# Bassett Furniture Industries, Inc.

> Bassett Furniture Industries is a 120-year-old American furniture maker and retailer that designs, builds and sells custom sofas, sectionals, dining sets and bedroom collections through a network of roughly 90 branded stores and bassettfurniture.com. Founded in 1902 in the Virginia sawmill town that still bears its name, the company pairs domestic wood and upholstery manufacturing with free in-home design help and a signature promise: custom upholstery in about 30 days. Publicly traded as NASDAQ: BSET, it returned to profitability in fiscal 2025 after a deep restructuring.

- **Founded:** 1902
- **Headquarters:** Bassett, Virginia, United States
- **Founders:** John D. Bassett, Sr. (Co-founder), Charles C. Bassett (Co-founder), Samuel H. Bassett (Co-founder), Reed L. Stone (Co-founder)
- **Team size:** Approximately 1,200 employees
- **Products:** Bassett Custom Studio Upholstery, HGTV Home by Bassett, Bench Made, Lane Venture, In-Home & In-Store Design Service
- **Notable:** Founded in 1902 and still operating after more than 120 years, one of the oldest continuously operating U.S. furniture makers., Grew large enough that its Virginia headquarters town is named Bassett., Kept significant domestic wood and upholstery manufacturing while most of the industry offshored production.

## Products & services

- **Bassett Custom Studio Upholstery** — Made-to-order sofas, sectionals and chairs offered in 1,000+ fabrics and leathers, manufactured in the U.S. and delivered in roughly 30 days.
- **HGTV Home by Bassett** — A licensed collection developed with the HGTV network, blending on-trend styling with Bassett's custom manufacturing.
- **Bench Made** — Solid Appalachian maple furniture built to order in Bassett, Virginia, emphasizing hand-craftsmanship.
- **Lane Venture** — Premium outdoor and casual furniture brand within the Bassett portfolio.
- **In-Home & In-Store Design Service** — Complimentary consultations with designers who plan full rooms, including fabrics, rugs, lighting and accessories.
- **Dining, Bedroom & Storage Collections** — Wood dining tables, bedroom sets and casegoods spanning heritage and modern styles.

## Achievements

- Founded in 1902 and still operating after more than 120 years, one of the oldest continuously operating U.S. furniture makers.
- Grew large enough that its Virginia headquarters town is named Bassett.
- Kept significant domestic wood and upholstery manufacturing while most of the industry offshored production.
- Returned to profitability in fiscal 2025 (net income of about $6.1 million) after a major restructuring.
- Built a custom-upholstery program delivering made-to-order furniture in roughly 30 days.

## Latest updates

- **2026-02** — Reported fiscal 2025 results: net sales of $335.3 million (up 1.6%), operating profit of $7.8 million and net income of about $6.1 million, marking a return to profitability.
- **2024-11** — Announced additional cost-structure reductions and workforce cuts, bringing headcount down about 11% over the year as part of its restructuring plan.
- **2024-07** — Launched a five-point restructuring plan targeting $5.5-$6.5 million in annual savings, consolidating wood manufacturing and closing the Noa Home e-commerce business.

## Links

- Website: https://bassettfurniture.com
- LinkedIn: https://www.linkedin.com/company/bassett-furniture-industries
- Twitter/X: https://twitter.com/BassettUS
- YouTube: https://www.youtube.com/user/BassettFurniture
- Instagram: https://www.instagram.com/bassettfurniture/
- Facebook: https://facebook.com/BassettFurnitureUS/

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Last updated: 2026-08-12