Bassett was founded in 1902 and incorporated under the laws of virginia in 1930. How a factory man fought to save his furniture company virginia furniture owner john bassett iii was determined to beat out foreign competitors. Vaughanbassett furniture still making it in america. The fullservice furniture store is scheduled to open june 1 as bassetts first licensed factorydirect store in kentucky, said peters. Bassett furniture industries incs recorded net loss in trailing twelve months. Theyll be there for you when browsing our upholstery. In factory man, beth macy brings to life bassett s deeply personal furniture and family story, along with a host of characters from an industry that was as cutthroat as it was colorful. Beth macys new book factory man tells the story of a furniture maker in.
Bassett furniture corporate office corporate office hq. Bassett, iii american home furnishings hall of fame. Employing about 700 people in factories based in galax, virginia, and elkin, north carolina, we are extremely proud of the fact that 100 percent of our furniture is crafted here in the united states by american employees. Author beth macy documents him, and the collapse of. Your personality is unique so your home should be too. I have been working at bassett furniture fulltime for more than a year. Learn about bassett furnitures history bassett furniture. Told through the viewpoint of the bassett furniture company, macy. High to low customers top rated best sellers new arrivals. If they gave awards for the best business books of the last ten years factory man. At vaughanbassett, we take pride in bringing you wellcrafted furniture at affordable prices. Replacements manage your content and devices amazon assistant help. The company makes handmade wood furniture and is the oldest furniture maker in the state of virginia.
Bassett furniture industries inc price to earnings ratio. Take a peek inside or enter for your chance to win this pittsburgh home by visiting the link below. Factory man is a story of the bassett furniture company once the worlds largest furniture maker and heir john d. They have an incredible custom built furnishing program set up that would allow the furniture of your dreams to be in your living room within just 30 days. May 22, 2016 the reason factory man is one of the most comprehensive business books in recent memory is the context macy provides. Shop for and buy bassett furniture online at macys.
Warehouse and factory no quality control so furniture deliveries can go out without the. Both books will give you great insight on how our american furniture manufacturers have one by one moved to china, vietnam, and other asian counties where the labor is cheap, and factory. Apr, 2018 vaughanbassett furniture will build casegoods with hgtvs home stars. With bassett, you get custom furniture without the customary wait. This is not to be used to contact bassett furniture direct corporate offices nor is this site affiliated with them in any way. Virginia furniture owner john bassett iii was determined to beat out foreign.
Jul 14, 2014 how a factory man fought to save his furniture company virginia furniture owner john bassett iii was determined to beat out foreign competitors. A thirdgeneration factory owner, john bassett is from the bassett furniture family, the founders of what was once the largest furnituremaking enterprise in the world. Hunt valley towne centre is home to some of the countrys most popular stores and the regions most exciting boutiques. For some wood products, we stock components that we source globally. Although these mistakes were obvious in hindsight, most were a result of poor conditions created by the days business orthodoxy. I have been working at bassett furniture fulltime for more than 3 years. We also have the bassett furniture industries, incorporated management savings plan the management savings plan which was established in the second quarter of fiscal 2017. Bassett furniture industries incorporated, together with its consolidated subsidiaries, bassett, we, our or the company based in bassett, va.
The first half of the book is given over to bassett history in great detail. Bassett and his brothers laid out a plan, and in 1902 the bassett furniture company was born. At first, the company had about 50 men, from farms and the surrounding hills, and focused on styles made of oak with simple profiles and carved overlays. The bassett brand is brought to life by the people who shape the customers experience. Our rich heritage is a source of great pride for us. How one furniture maker battled offshoring, stayed local and helped save an american town at. I have shopped on separate occasions over a number of years for a dining room set with sideboard, kitchen chairs, and living room furnishings, including leather. Payment method financing available, master card, visa aka. In fact, vaughan bassett is now the largest manufacturer of wooden adult bedroom furniture in the united states. The management savings plan is an unfunded, nonqualified deferred compensation plan maintained for the benefit of certain highly compensated or management level. Vaughanbassett ended up with fortysix million dollars in antidumping duties, a. Apr 02, 2020 we have factories in newton, north carolina and grand prairie, texas that manufacture custom upholstered furniture, a factory in martinsville, virginia that primarily assembles and finishes our.
In his quest to stem massive layoffs and plant closings he also had to take a stand against some americans. This company is very customerfriendly and willing to work for what you want as a buyer. You can let your inner interior designer flourish sorting through all the decoration options, deciding on how to blend colors, patterns, and materials. I worked at bassett furniture fulltime for more than 3 years. Our commitment to quality has earned us the respect of our customers and made us the largest manufacturer of wooden adult bedroom furniture in the country. General info bassett furniture in middletown, nj sells fashionable and innovative home furnishings at a great value. Room planner plan your room and explore different furniture arrangements rooms we love shop our curated design plans. Bassett iii broke free to become plant manager for a much smaller competitor, vaughanbassett furniture co. Guys, if were behind in business, lets dont try to catch up with the guy in front. Bassett furniture industries inc bset earnings report. Our beautiful furniture line is made by 700 american craftsman. Management preference, poor environmental consciousness, poor spending habits, poor service administration, poor on the job training, and very archaic, no modernization. Only 2 weeks total pto for vaca and sick, no paid family leave, no holiday bonus or gift, work all weekends and most holidays which can place stress on personal life, have to physically remove and replace tags on every piece of furniture for every sale change which is often, furniture arrives defective or damaged and dcs have to take the hit on their commission for it when a price.
Once in a reporters career, if one is very lucky, a person like john d. How one furniture maker battled offshoring, stayed localand helped save an american town, by beth macy. From the popular white bedroom furniture look that helps a room feel modern, to rustic bedroom furniture sets for those who love wood and wicker, wayfair has it. From stylish clothing to bestselling books, from spa treatments to fine furniture, our dazzling selection of shops and services has everything you need. Based in galax, virginia, vaughan bassett furniture company has been manufacturing quality furniture for 100 years. Because of our commitment to custom furniture without the customary wait, we dont make it until you order it. Bassett furniture has a wide variety of handmade living room, bedroom, and dining room furniture that works with all styles.
Chinese middle managers took pictures of the line and tried to figure. Instead of spending all day traveling to numerous furniture factory outlets and furniture retail stores in north carolina, many choose to come to hickory furniture mart in order to find high quality indoor and outdoor furniture and accessories at prices comparable to wholesale pricing every day. I document the battle in my forthcoming book factory man. How one furniture maker battled offshoring, stayed localand helped save an american town by beth macy. Factory man is a valuable american story, and one of the best books ive. Furniture and accessories together to create the wow factor. They use an outside company for furniture deliveries and if you get a crew of idiots. Bassett furniture direct located in tupelo mississippi 38801 jofran store profile. Bassett furniture is sold through major retailers, with 14 percent of the company s revenue coming from j. Bassett furniture direct tupelo, mississippi 38801. When it comes to furnishing your home, finding the perfect furniture that is both stylish and functional is one of the best parts about owning a home. Jul 14, 2014 factory man npr coverage of factory man. Bassett furniture industries, incorporated 10q apr.
The bassett furniture company was once the worlds biggest wood. But if bassett is still circumspect about his bassett furniture departure, he was about to become vocal over the rise of cheaper asian imports and the closing of american factories. View bset business summary and other industry information. About us find a store contact us dealer login careers. Jul 10, 2014 the decline of an american furniture maker. Bassett operates approximately 60 retail locations in the united states and puerto rico, and. This furniture type is usually made from dark, solid wood and features classic designs. Vaughan bassett furniture champion john bassett iiis battle against chinas furniture manufacturers is chronicled in a new book from little brown. Visit bassett furnitures website today to view our full product line, request a catalog, and sign up to receive email. How one furniture maker battled offshoring, stayed local and helped. Did you know the hgtv smart home 2020 is furnished by bassett furniture. In his quest to stem massive layoffs and plant closings he. Guys, if were behind in business, lets dont try to catch up with the guy in.
Bassett iii, who was determined to maintain american manufacturing and fight chinese dumping imports. You can blend victorian furniture with darker walls and different colored finishes of wood to have a complete home design. Feb 22, 2020 when youre paying top dollar, you expect a certain level of service. Bassett furniture 9 kanes ln, middletown, nj 07748. Factory man by beth macy huff industrial marketing. We have factories in newton, north carolina and grand prairie, texas that manufacture custom upholstered furniture, a factory in martinsville, virginia that primarily assembles and finishes our custom casual dining offerings and a factory in bassett, virginia that assembles and finishes our bench made line of custom, solid hardwood furniture. At vaughan bassett, we take pride in bringing you wellcrafted furniture at affordable prices. The pe ratio of bassett furniture industries is 41. Bassett furniture industries is a furniture manufacturer and retailer, headquartered in bassett, virginia, united states.
Bassett furniture industries, incorporated 10q jul. Great support and communication through the entire company. Once my uncle went to work for bassett furniture industries, then he sent dad to school. With our incredible selection of bedroom furniture like headboards, dressers, and armoires you can make your dream bedroom a reality. Author beth macy documents him, and the collapse of the u. The wholesale home furnishings segment is involved principally in the design, manufacture, sourcing, sale and distribution of furniture products to a network of bassett stores companyowned and. Under his leadership, vaughan bassett furniture co. The decline of an american furniture maker the new yorker. The reason factory man is one of the most comprehensive business books in recent memory is the context macy provides. What is bassett furniture industries inc market share. How one furniture maker battled offshoring, stayed localand helped save an american town, was the winner of the 20 j. Virginia furniture owner john bassett iii was determined to beat out foreign competitors.
The bassett furniture company was once the worlds biggest wood furniture manufacturer. How a factory man fought to save his furniture company. I would suggest for those interested in the history of the furniture industry to read the the furniture wars first, and then move on to the factory man. Upper management listens to suggestions from design consultants. We invite you to explore our beautiful, americanmade furniture collections. Ultimately, we recommend bassett furniture company for your home furnishing needs. Beth macys book recounts john bassetts struggle to save his furniture business. Once in a storytelling career, if one is very lucky, a character like john bassett iii. Stanleytown, just two miles away and once the headquarters of stanley furniture, is nothing but vacant rows of old factory buildings now. How one furniture maker battled offshoring, stayed local and helped save an american town is the story of bassett furniture in bassett, virginia and its rise from a small, familyowned business to its heyday as one of the largest furniture companies in the u.
Bassett furniture is one of the oldest furniture manufacturers in virginia. Under pressure from its shareholders, bassett furniture would go with the tide, closing its bassett, va. Vaughan bassett ended up with fortysix million dollars in antidumping duties, a. Doug bassett, the companys executive vice president and chief operating officer, predicts the factory will expand. As she shows how he uses legal maneuvers, factory efficiencies, and sheer grit and cunning to save hundreds of jobs, she also reveals the truth about modern. About bassett furniture bassett employees, circa 1906.
Jul 15, 2014 a thirdgeneration factory owner, john bassett is from the bassett furniture family, the founders of what was once the largest furniture making enterprise in the world. The purpose of this site is supply you with their phone number and address as well as share your thoughts about bassett furniture direct. Bassett is in the middle, left of center, with the moustache and bowler hat. Finally, modern furniture is the most recent style. We should have financed it through a longterm loan, but we didnt. As bassett brand becomes nationally recognized symbol of. Bassett furniture was founded in 1902 by the basset family, david charles, samuel, and reed bassett in virginia. And management, i think youve hit that every time there was an opportunity. Visit bassett for variety of options, including upholstery, beds, dining, home storage and home entertainment. The new book factory man by beth macy, chronicles the story of.
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