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  "documentTitle": "Macellum Big Lots Letter March 2020",
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  "presentationDate": "2020-03-01 00:00:00",
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      "text": "Retail operational experience; Shareholder perspectives; Off-price and closeout experience; Merchandising experience and; Ecommerce experience",
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      "text": "We believe last week's earnings disappointment announcing below consensus guidance and the cancelation of an investor day are clear signs that the Company is at a critical juncture.",
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      "text": "Our Nominees are committed to evaluating all strategies to turnaround Big Lots, including the following: Reinvigorate the Top Line.",
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      "text": "In our view, no further evidence is needed that the Board is not aligned with their shareholders than the cancellation of the Company's investor day which was scheduled to be held March 9, 2020.",
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      "text": "In 2018, the Board approved an incentive compensation plan that called for a 6% decline in EBIT for executives to achieve a target bonus.",
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