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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 slide uses a bar chart to benchmark Genesco (GCO) against peers, suggesting a specific cost-saving target based on lease renegotiations.",
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      "kind": "callout",
      "text": "We believe through better management of leases, Genesco can save $8-10 million a year",
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      "text": "Adjusted Occupancy Costs as % of Total Revenue",
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      "text": "Benefits of a variable lease include adopting a variable cost structure, providing comfort in pursuing online growth, in addition to saving occupancy costs",
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      "text": "Source: SEC Filings, Legion Partners' Estimates. Note: Financials based on the latest fiscal year filings. $8-10 million annual store rent savings assumes 20% of leases renewal and 20% reduction in renewed leases",
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      "text": "Review every store lease for opportunities to reduce rent and accelerate the move to a variable structure",
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      "text": "Reduce Store Rent",
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