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  "documentTitle": "Macellum Spartan Nash Presentation May 2022",
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      "text": "WE BELIEVE A PROPERLY EXECUTED TRANSFORMATION WOULD RESULT IN AT LEAST 89-152 BASIS POINTS POSITIVE IMPACT TO THE P&L",
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      "text": "Source: Company SEC Filings, Bloomberg LP, Macellum Estimates Used for Basis Point Savings Initiatives in Collaboration with Nationally Recognized Consultancy. Notes: 1). Based on 2022E Total Net Sales. Macellum Advisors GP, LLC",
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