{
  "docId": "019f6b8f-2c24-765a-97b8-82631955283d",
  "docSlug": "jarvis-legion-genesco-presentation-june-2021",
  "documentTitle": "Legion Genesco Presentation June 2021",
  "authorId": "legion-genesco-presentation-june-2021",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2021-06-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 47,
  "pageCount": 182,
  "prevPage": 46,
  "nextPage": 48,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 13,
  "notes": "The slide uses a CEO quote to expose a contradiction between management's stated focus on rent reduction and the actual financial performance relative to peers.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8f-2c24-765a-97b8-82631955283d/47",
  "deckHref": "/decks/019f6b8f-2c24-765a-97b8-82631955283d",
  "deckJsonHref": "/decks/019f6b8f-2c24-765a-97b8-82631955283d.json",
  "deckAnchorHref": "/decks/019f6b8f-2c24-765a-97b8-82631955283d#slide-47",
  "components": [
    {
      "bbox": {
        "h": 0.35,
        "w": 0.9,
        "x": 0.05,
        "y": 0.2
      },
      "kind": "chart",
      "text": "Adjusted Occupancy Costs as % of Total Revenue",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "65875284-4c6a-4670-a1d5-bb9d1b17f2d0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.05,
        "y": 0.92
      },
      "kind": "other",
      "text": "Source: SEC Filings, Legion Partners' Estimates. Note: Financials based on the latest pre-COVID fiscal year filings.",
      "attrs": null,
      "subkind": "source-note",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dbb19752-e923-4c32-854d-a81e4e818505",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.8,
        "x": 0.05,
        "y": 0.6
      },
      "kind": "paragraph",
      "text": "While management has been talking about getting focused on expenses, this has translated into little noticeable impact",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8e137c11-807b-4c75-b365-6285017afdfc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.7
      },
      "kind": "quote",
      "text": "But we have been paying a lot of attention to our fixed rent expense structure for really the last 3 years. We have had quite a lot of success here on, not only getting rent reductions, but on shortening lease life.",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e5fa502f-df2b-4324-adaf-a5da063670f3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.05,
        "y": 0.14
      },
      "kind": "title",
      "text": "The highest occupancy costs % of total revenue among peers",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "587ab484-0fbb-44d0-9d7a-520dc3df0925",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.07
      },
      "kind": "title",
      "text": "Occupancy Costs Are The Highest Among Peers",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f5859130-5a19-4d1a-aec8-ff34cbd0c4f8",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "ceo-quote-contradiction",
      "slug": null,
      "matchId": "f310ca26-2c5f-411a-b6ee-ea65c287db40",
      "evidence": "Contrasting CEO quote with peer benchmark data",
      "confidence": 1
    },
    {
      "name": "peer-benchmark",
      "slug": null,
      "matchId": "8c22c4b6-b688-47d0-9b06-9bb059b790e1",
      "evidence": "Comparison of occupancy costs across industry peers",
      "confidence": 1
    }
  ],
  "arcBeats": [],
  "loops": [
    {
      "to": 50,
      "from": 38,
      "name": "Iceberg",
      "slug": "10-iceberg",
      "bestFor": "Consulting, complex problem solving, organizational change",
      "matchId": "a826021a-b107-42a0-a96f-01a52cc89cfe",
      "evidence": "The deck uses various metrics to show Genesco's underperformance compared to peers.",
      "position": 0,
      "objective": "Reveal the true extent of Genesco's underperformance",
      "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
      "confidence": 0.7,
      "description": "Reveal that the visible problem is merely a symptom of a deeper root cause"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}