
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, July 14, 1990                   TAG: 9007140143
SECTION: BUSINESS                    PAGE: A-7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

BASSETT FURNITURE REPORTS LOSS

Bassett Furniture Industries reported a loss of $969,000 for the first half of 1990, down from earnings of $8.2 million a year ago. The company reported a one-time restructuring charge of $14.3 million, following the closing of a plant in Bassett and other changes. Net sales for the first half came to $219.9 million, down $7.9 million from a year ago.

Robert H. Spilman, chairman, wrote stockholders that he does not foresee any improvement in furniture market conditions in the foreseeable future. - Staff report

by CNB