Bassett Furniture Industries, Incorporated (Bassett) is a vertically integrated manufacturer, importer and retailer of home furnishings. The Company operates in three segments: Wholesale, Retail and Investments/Real Estate. The Company�s range of furniture products and accessories are sold through a network of 86 retail stores known as Bassett Home Furnishings (BHF). The Company owns and operates 53 stores (Company-owned retail stores) with the other 33 being independently owned (licensee operated). The Company also distributes its products through other multi-line furniture stores, many of which feature Bassett galleries or design centers, specialty stores and mass merchants. During the fiscal year ended November 24, 2012, the Company acquired one store located in Knoxville, Tennessee and two stores in the Orange County, California market.