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  "documentTitle": "Legion Genesco Presentation June 2021",
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  "presentationDate": "2021-06-01 00:00:00",
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  "notes": "The table compares Net Sales vs Corporate & Other Expenses from 2012-2020, highlighting a 21% increase in expenses despite a 24% drop in sales over the '18-'20 period.",
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      "text": "We believe through streamlining of corporate costs, Genesco can save $15 million a year",
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      "text": "Genesco has a bloated corporate structure. The level of corporate costs that are not allocated back to business units at Genesco is a staggering sum of nearly $40 million per year. Corporate & Other expenses have grown faster than revenue.",
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      "text": "Source: SEC Filings (2012 - 2018 filings included Lids. 2019 - 2020 filings were pro forma for sale of Lids), Legion Partners' Estimates. Note: The $15 million corporate spending saving assumes corporate spending as % of net sales returning to 1.1%.",
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      "text": "Reduce Excessive Corporate Spending",
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