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  "documentTitle": "Boot Barn Holdings, Inc. (BOOT)",
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  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-05-08 00:00:00",
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      "kind": "callout",
      "text": "Mix over the last five years has moved from a majority footwear retailer to a majority apparel and accessory retailer.",
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      "text": "41% of purchases are apparel and accessories which is a large deviation vs 2018 thru 2022 which is subject to more fashion risk.",
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      "text": "Shipments in the past twelve months have plummeted by approximately 42% compared to 2022.",
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      "kind": "chart",
      "text": "Containers Imported by BOOT into the U.S. in Twenty Equivalent Units (TEUs)",
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      "text": "Container Imports (TEUs): -42%",
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      "kind": "paragraph",
      "text": "We scrutinized import data analyzing over 4,000 distinct container shipments brought in by BOOT. Shipments in the past twelve months have plummeted by approximately 42% compared to 2022. Such a drastic decline likely signals a stagnant inventory position...",
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      "text": "Source: Panjiva.com, BOOT company filings",
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