BASSETT FURNITURE INDUSTRIES, INCORPORATED
Climate Impact & Sustainability Data (2024-03-02 to 2024-06-01)
Reporting Period: 2024-03-02 to 2024-06-01
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- supply chain disruptions
- increased interest rates affecting consumer credit
- store profitability issues leading to potential closures
- risk of additional asset impairment charges from retail warehouse consolidation
- challenges in implementing company-owned retail strategies
- risk of additional charges from closing Noa Home Inc.
- IT system security and cybersecurity threats
- concentration of domestic manufacturing leading to business interruption risks
Mitigation Strategies
- efforts to consolidate retail warehouses
- initiatives to expand and improve digital marketing
- better expense management
- fuel surcharges to mitigate diesel fuel price increases
- efficient management of import supply chain