Bassett Furniture Announces Opening of New Store in King of Prussia, PA.
April 22 2017 - 11:46AM
Bassett Furniture Industries, Inc. (NASDAQ:BSET), a leading
manufacturer and marketer of high quality home furnishings, today
announced the opening of its new Bassett Home Furnishings store
located at the intersection of West DeKalb Pike and Forge Road
across the street from the King of Prussia Mall. Bassett currently
has 91 store locations across the United States, including four
stores in the Philadelphia metropolitan area. Located at 611
DeKalb Pike, the new 18,100 square-foot store is on a hard corner
across the street from the second largest mall in the country.
“Our Bassett Home Furnishings stores remain the priority growth
vehicle for our company,” said Robert H. Spilman Jr., Bassett
Chairman and CEO. “This new store has incredible visibility
from the mall and will draw customers from all areas of the
Philadelphia metropolitan area.”
Bassett Home Furnishings offers customers complimentary
decorating and design consultation, with experienced designers
available to help create custom furnishings, define the customer’s
decorating style, establish a budget, make a house call, or offer a
professional design opinion. Bassett is leveraging its
customization capabilities by dedicating space in the store for
design solutions for dining, upholstery and bedroom. The store’s
knowledgeable and passionate team of retail professionals delivers
expert information and advice, creating an outstanding customer
experience. The King of Prussia location will be open seven days a
week and will provide customers with the opportunity to schedule
private, personalized appointments.
Earlier this year, Bassett opened a new store in Westbury, N.Y.,
and relocated its Scottsdale, Ariz., store to a larger and more
upscale location, while also opening a fifth store in the West Los
Angeles area of Culver City, Ca. in March. The Company also
plans to open a new store in Pittsburgh, Pennsylvania, by the end
of September. With a track record of six consecutive years of
positive same store sales growth and its focus on store
productivity, the Company believes it can take its concept to new
markets and consistently grow overall store count in the years to
come.
Bassett is dedicated to supporting the local communities in
which each store operates. During the King of Prussia store’s grand
opening event planned for Thursday, May 11, Bassett will donate
$10,000 worth of furniture to The Good Samaritan Shelter, a
Christian ministry that provides safe, comfortable housing and
supportive services to individuals experiencing homelessness in
Chester and Lancaster counties. The Good Samaritan Shelter services
150 residents annually, not only assisting these individuals with
living arrangements, but also helping them to gain stability and
life skills. Bassett’s furniture donation to this organization will
aid in creating a more comfortable environment for its residents to
grow and succeed.
For additional information about Bassett Furniture, including
its new store locations, please visit bassettfurniture.com.
About Bassett Furniture
Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading
manufacturer and marketer of high quality, mid-priced home
furnishings. With 91 company- and licensee-owned stores, 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.
The most significant growth opportunity for Bassett continues to be
the Company’s dedicated retail store program. Bassett’s retail
strategy includes affordable custom-built furniture that can be
delivered quickly. The stores also feature the latest on-trend
furniture styles, free in-home design visits, and coordinated
decorating accessories. Bassett also has a traditional wholesale
business with more than 700 accounts on the open market, across the
United States and internationally. For more information,
visit the Company’s website at bassettfurniture.com. (BSET-G)
Media Contact:
Jay S. Moore
Director of Communications
276-629-6450
Investor Relations:
J. Michael Daniel
Senior Vice President & Chief Financial Officer
276-629-6614
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