UPDATE - Bassett Announces First Quarter Conference Call

The public is invited to listen to the conference call by webcast, accessible through the Company's investor relations website, https://investors.bassettfurniture.com, or they can listen to the conference call via https://edge.media-server.com/mmc/p/b3vchwmf. The conference call will be archived for replay on the Company's investor site.

About Bassett Furniture Industries, Inc.

Bassett Furniture Industries, Inc. (NASDAQ: BSET) is a leading provider of high-quality home furnishings. The Company's network of 87 company- and licensee-owned Bassett Home Furnishings stores account for approximately 60% of its wholesale business. The Bassett Home Furnishings stores feature the latest on-trend furniture styles, the Company's capabilities in custom furniture design and manufacturing, free in-home design visits, and coordinated decorating accessories in a professional and friendly environment. Bassett also has a significant traditional wholesale business with more than 1000 open market accounts. Most of the open market sales are through Bassett Design Centers and Bassett Custom Studios which function as a store within a multi-line store featuring the Company's custom furniture capabilities. The wholesale business, including the Lane Venture outdoor brand, also services general furniture stores and a growing number of interior design firms. Bassett products are also directly available to consumers at www.bassettfurniture.com. (BSET-E)

Contacts:

J. Michael Daniel

Senior Vice President and

Chief Financial Officer

(276) 629-6614 - Investors

[email protected]

Peter D. Morrison

Vice President of Communications

(276) 629-6450 - Media