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  "documentTitle": "Legion Partners | Activist Presentation Deck | 168 slides",
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  "authorName": "Legion Partners",
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  "presentationDate": "2019-04-01 00:00:00",
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  "pageNumber": 70,
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  "slideType": "problem_statement",
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  "density": "balanced",
  "nDataPoints": 15,
  "notes": "The slide uses a waterfall-style chart to visualize year-over-year margin erosion.",
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  "slideHref": "/slides/019de06f-cf3f-750e-9bf3-5c34169235bc/70",
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      "kind": "chart",
      "text": "Bed Bath & Beyond Gross Margin History %",
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      "kind": "list",
      "text": "Promotional Activity - heavy reliance on promotional activity (coupons) to drive store traffic\nSourcing - the Company has failed to develop direct sourcing capabilities\nPrivate Label - the Company has failed to develop a comprehensive, margin enhancing private label program\nPlanning and Allocation - store managers order 70% of a store's merchandise and are not accountable for store profitability\nSKU proliferation - as product selection increases, so does the cost and complexity of product sourcing and overall cost of inventory",
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      "kind": "quote",
      "text": "\"Gross margin has declined for 28 straight quarters and we expect the trend to continue\" - (Bradley Thomas, Keybanc 4/10/19)",
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      "kind": "source-note",
      "text": "Source: SEC filings, Investor Group estimates",
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      "kind": "title",
      "text": "What's Broken? Gross Margin Performance",
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