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  "documentTitle": "Perella Weinberg Partners | Investment Banking Pitch Book | 38 slides",
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  "authorName": "Perella Weinberg Partners",
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  "notes": "The slide highlights a deceleration in Heat's comp store sales starting August 2010, with a specific callout on early performance.",
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      "kind": "paragraph",
      "text": "In the first two quarters following its IPO, Heat posted comp store sales levels consistent with high growth peers. Since August 2010, the Company experienced a deceleration in comp store sales",
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      "text": "Source: Company Filings. Note: Aeropostale comp sales growth results excluding the impact of e-commerce sales",
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      "text": "Table showing quarterly comp store sales for LULU, ZUMZ, TLYS, ARO, ANF, AEO, and HEAT from Q4 09 to Q4 12",
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      "text": "EVOLUTION OF QUARTERLY COMP STORE SALES",
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