Bassett posts $9.9 million loss in second quarter
Sep 15, 2009 | Posted by: roboblogger | Full story: Furniture Today
Bassett Furniture Inds. issued its long-delayed second-quarter earnings report on Monday, affirming earlier projections of a sales decline of nearly 23%. The company said it had a net loss of $9.9 million, or 87 cents per share, for the quarter ended May 30 - a figure that included $1.39 million in restructuring charges and $5.85 million in ...
Out of work american's can't afford Bassett Furniture. When you are part of the mass effort by retail america to put your customer base out of work this is what you get. Keep outsourcing and see how long you stay in business.
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