Friday, July 1, 2016

Bassett sales, profits drop in second quarter

Image result for bassett furniture logoBassett Furniture Inds. reported fiscal 2016 second-quarter sales of $106.7 million, a decrease of 4.4% compared with the prior-year period.

Company-owned store sales were $61.9 million for the second quarter of 2016 compared with $63.9 million for the prior-year quarter, a decrease of 3.1%. This included a comparable store sales decrease of 3.6%, compared with the prior year quarter, with the 12 Texas stores accounting for more than 70% of the decrease.. . . more

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