Big Lots looks to 'bargains and treasures' to help bring back shoppers
Big Lots Inc. is promising more bargains and treasures for shoppers. CEO Bruce Thorn, on a Thursday morning call with stock analysts, said shoppers are spending less, so Big Lots (NYSE: BIG) needs to give them more reasons to come to the store. Net sales fell 9.8% to $1.20 billion in the third quarter, while comparable store sales dropped 11.7% The company also reported a loss of $103 million, or $3.56 a share, in the quarter.