Bassett Furniture News Release

Retail Update and Company Restructuring Activities

BASSETT, Va., May 11, 2020 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq:  BSET) announced that it has continued reopening its stores, bringing the total reopened for business to 43 of its 66 corporate-owned stores, six of which are open to customers by appointment only. The Company expects to reopen 19 more stores by the week of May 18, 2020.  The remaining four stores, which are located in Maryland and New Jersey, will not reopen until state and local authorities permit.

Due to the level of disruption in the home furnishings industry, coupled with the uncertainty both of the pace at which the U.S. economy will recover and the level to which it will recover, Bassett also announced the following:

Bassett Furniture

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