North Carolina Furniture Sector Faces Disruption Due to Rising Tariffs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2025
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Source: WSJ
Colleen Bennett's Business Ventures: Colleen Bennett has a track record of launching new businesses during challenging times, including an interior design business just before the Covid-19 pandemic.
New Furniture Manufacturing Venture: She is now starting a furniture manufacturing business, hoping that the current economic conditions, particularly regarding tariffs, will make this venture more successful.
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Analyst Views on BSET
About BSET
Bassett Furniture Industries, Incorporated is a retailer, manufacturer and marketer of branded home furnishings. Its products are sold through a network of Company-owned and licensee-owned branded stores under the Bassett Home Furnishings (BHF) name. Its segments include Wholesale and Retail-Company-owned stores. The Wholesale segment is involved in the design, manufacturing and sourcing of furniture products that are distributed through its BHF store network (both Company-owned and licensee-owned stores) and various independent retailers. The Retail-Company-owned stores segment consists of 58 BHF stores that provide consumers with a friendly and casual environment for buying furniture and accessories. The BHF stores feature custom order furniture, free in-home or virtual design visits (home makeovers) and coordinated decorating accessories. It also has a traditional wholesale business with more than 700 accounts on the open market, across the United States and internationally.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bassett Furniture Declares $0.20 Quarterly Dividend, Record Date February 13, 2026
- Quarterly Dividend Announcement: Bassett Furniture's Board of Directors has declared a $0.20 per share dividend, payable on February 27, 2026, which will provide shareholders with a stable cash return and enhance investor confidence.
- Record Date for Shareholders: Shareholders must hold shares by February 13, 2026, to qualify for the dividend, underscoring the company's commitment to shareholder rights and strengthening investor relations.
- Market Sales Channels: Bassett sells approximately 60% of its products through a network of 86 company- and licensee-owned stores, showcasing its strong distribution capabilities in the high-quality home furnishings market and enhancing brand influence.
- Wholesale Business Expansion: The company has over 1,000 open market accounts in its traditional wholesale business, servicing not only general furniture stores but also a growing number of interior design firms, indicating its diversified market strategy and growth potential.
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La-Z-Boy Expands Retail Network, Forecasts $2.65 EPS for 2026
- Retail Expansion: La-Z-Boy is enhancing its market scale and achieving immediate sales and profit growth by adding 15 new stores in the Southeast, demonstrating proactive positioning in a competitive furniture market.
- Portfolio Optimization: The company is focusing on its core North American upholstery business by exiting non-core operations, which is expected to lift margins and strengthen its competitive edge, particularly among younger consumers.
- Improving Sales Trends: La-Z-Boy is experiencing improving written sales trends and strong wholesale performance, which are anticipated to drive future revenue growth, despite overall furniture demand being impacted by a weak housing market.
- Earnings Forecast Upgrade: Analysts have raised their earnings estimate for La-Z-Boy's fiscal 2026 from $2.46 to $2.65 per share, reflecting market optimism regarding the company's future growth prospects.
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