{
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  "docSlug": "efa1e3364cf3c45817ab08658260e7f9",
  "documentTitle": "Perella Weinberg Partners | Investment Banking Pitch Book | 68 slides",
  "authorId": "perella-weinberg-partners",
  "authorName": "Perella Weinberg Partners",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2012-11-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 47,
  "pageCount": 68,
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  "slideType": "peer_benchmark",
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  "density": "dense",
  "nDataPoints": 60,
  "notes": "The slide uses grouped bar charts to compare performance across multiple retail segments (Teen, Specialty, High Growth, Off Price).",
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      "kind": "chart",
      "text": "2010A-2011A AVERAGE COMP STORE SALES",
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      "kind": "chart",
      "text": "2011A-2013E SALES CAGR",
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      "kind": "legend",
      "text": "Other Teen Peers, Growth Teen Peers, Mid-Cap Specialty Peers, Large-Cap Specialty Peers, High Growth Peers, Off Price Peers",
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      "kind": "paragraph",
      "text": "The Company's comp store sales performance is on the low end of its teen peers and is consistent with mature retail operators. Heat's topline growth aligns with the high growth teen peers. There is a high correlation between topline growth and valuation multiple in the retail universe.",
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      "kind": "source-note",
      "text": "Source: Company Filings, Factset market data as of October 31, 2012. Note: Financial results for a stated year represent financials for the 12 month period ending January 31 of the following year",
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      "kind": "title",
      "text": "RELATIVE GROWTH METRICS VS. SELECTED PEERS",
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      "evidence": "The pitch book provides key considerations for the special committee and next steps",
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      "name": "Golden Circle",
      "slug": "11-golden-circle",
      "bestFor": "Visionary leadership, brand positioning, mission statements",
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      "evidence": "The pitch book provides market perspectives and strategic options",
      "position": 1,
      "objective": "Why is now the right time for a strategic decision?",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
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      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
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