Bassett Declares Dividend

Bassett Declares Dividend

BASSETT, Va., March 7, 2013 (GLOBE NEWSWIRE) -- Bassett Furniture Industries,
Inc. (Nasdaq:BSET) announced today that its Board of Directors has declared a
regular dividend of $.05 per share on outstanding common stock payable on May
31, 2013 to shareholders of record at the close of business May 15, 2013.

Bassett Furniture Industries, Inc. (Nasdaq:BSET), is a leading manufacturer
and marketer of high quality, mid-priced home furnishings. With 87 company-
and licensee-owned stores, Bassett has leveraged its strong brand name in
furniture into a network of corporate and licensed stores that focus on
providing consumers with a friendly environment for buying furniture and
accessories. The most significant growth opportunity for Bassett continues to
be the Company's dedicated retail store program. Bassett's retail strategy
includes affordable custom-built furniture that is ready for delivery in the
home within 30 days. The stores also feature the latest on-trend furniture
styles, more than 750 upholstery fabrics, free in-home design visits, and
coordinated decorating accessories. Bassett is also growing its traditional
wholesale business with more than 500 accounts on the open market, across the
United States and internationally. For more information, visit the Company's
website at bassettfurniture.com. (BSET-E)

CONTACT: J. Michael Daniel, Senior Vice
         President and Chief Financial
         Officer
         (276) 629-6614 - Investors
        
         Jay S. Moore, Director of
         Communications
         (276) 629-6450 - Media