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Big Lots looks to 'bargains and treasures' to help bring back shoppers

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.