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  "documentTitle": "FIGS, Inc. (FIGS)",
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  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-09-07 00:00:00",
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  "notes": "The slide uses a grid of 8 line charts to demonstrate a common trend across the industry, countering potential arguments about FIGS' unique growth drivers.",
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      "text": "FIGS' competitors are all private companies, making financial comparisons difficult. However, Google Trends data suggests that all scrubs companies experienced a strong uptick in consumer interest in the early stages of the pandemic. It is not surprising that physical retailers Uniform Advantage and Scrubs and Beyond failed to maintain elevated levels of search activity given the rapid migration to on-line shopping during this period.",
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      "text": "8 individual line charts showing search trends for FIGS, Cherokee, Dickies, Greys Anatomy, Jaanuu, Koi, Uniform Advantage, and Scrubs and Beyond.",
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      "text": "Source: Google Trends",
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      "text": "Google Trends Data Suggests That All Scrubs Makers Benefitted From A Pandemic Bump",
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