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02
The slide highlights significant underperformance of BIG compared to its peers.Macellum Big Lots Letter March 2020 · macellum-big-lots-letter-march-2020
Document Independent analyst Beat · Problem1 hit
03
The slide uses a combination of a combo chart (bar/line) for historical performance and a grouped bar chart for peer comparison.Macellum Big Lots Letter March 2020 · macellum-big-lots-letter-march-2020
Document Independent analyst Beat · ProblemLoop · Cost Of Inaction1 hit
07
The slide highlights a decline in investor confidence and P/E multiples following the Board's guidance revisions.Macellum Big Lots Letter March 2020 · macellum-big-lots-letter-march-2020
Document Independent analyst Beat · AgitateLoop · Cost Of Inaction1 hit
02
The slide contains a table of financial performance data followed by three paragraphs of text detailing an activist investor's grievances and strategic recommendations.Macellum Christopher Banks Letter April 2015 · macellum-christopher-banks-letter-april-2015
Document Independent analyst Loop · Benchmark Gap1 hit
09
The slide uses red dashed boxes to highlight Kohl's underperformance relative to the other bars in each chart.Macellum Kohls Presentation April 2022 · macellum-kohls-presentation-april-2022
Activist deck Activist investor Beat · Problem Identification1 hit
26
The chart uses a red callout box and arrow to highlight the recent decline in Kohl's performance relative to the peers.Macellum Kohls Presentation April 2022 · macellum-kohls-presentation-april-2022
Activist deck Activist investor Beat · Agitation1 hit
38
The table highlights the divergence between KSS's negative growth trends and the positive growth of its peers.Macellum Kohls Presentation April 2022 · macellum-kohls-presentation-april-2022
Activist deck Activist investor Beat · Agitation1 hit
45
The slide uses a 'comparison_frame' to expose the lack of ambition in recent strategic plans compared to the 2014 'Greatness Agenda'.Macellum Kohls Presentation April 2022 · macellum-kohls-presentation-april-2022
Activist deck Activist investor 1 hit
50
The chart uses a red dashed box to emphasize the KSS data point.Macellum Kohls Presentation April 2022 · macellum-kohls-presentation-april-2022
Activist deck Activist investor 1 hit
51
The slide highlights a negative trend for KSS (-37% and -34%) while peer groups show positive growth in valuation multiples.Macellum Kohls Presentation April 2022 · macellum-kohls-presentation-april-2022
Activist deck Activist investor 1 hit
61
Uses screenshots of Instagram profiles as primary evidence.Macellum Kohls Presentation April 2022 · macellum-kohls-presentation-april-2022
Activist deck Activist investor 1 hit
112
The chart highlights Kohl's position relative to peers, showing that even with a sale leaseback (KSS w/SLB), the leverage ratio remains well within the peer range.Macellum Kohls Presentation April 2022 · macellum-kohls-presentation-april-2022
Activist deck Activist investor Beat · Solution1 hit
158
The table highlights that while KSS grew margins, the peer average/median growth was higher.Macellum Kohls Presentation April 2022 · macellum-kohls-presentation-april-2022
Activist deck Activist investor 1 hit
159
Includes adjustments for operating leases and cash-based lease equivalent debt.Macellum Kohls Presentation April 2022 · macellum-kohls-presentation-april-2022
Activist deck Activist investor 1 hit
160
The slide uses a rhetorical question to challenge the efficacy of Kohl's strategic plan by contrasting it with the superior stock performance of its competitors.Macellum Kohls Presentation April 2022 · macellum-kohls-presentation-april-2022
Activist deck Activist investor 1 hit
161
The slide uses a red dashed box to highlight Kohl's underperformance relative to the Retail Peers group.Macellum Kohls Presentation April 2022 · macellum-kohls-presentation-april-2022
Activist deck Activist investor 1 hit
162
The slide uses red dashed boxes to highlight Kohl's underperformance relative to the other bars in each chart.Macellum Kohls Presentation April 2022 · macellum-kohls-presentation-april-2022
Activist deck Activist investor 1 hit
163
Macellum Kohls Presentation April 2022Macellum Kohls Presentation April 2022 · macellum-kohls-presentation-april-2022
Activist deck Activist investor 1 hit
05
Includes both one-year and two-year stacked same-store sales data for a list of retail companies.Macellum Letter to Christopher Banks Jun 2015 · macellum-letter-to-christopher-banks-jun-2015
Document Independent analyst Beat · Evidence1 hit
02
Data sourced from Bloomberg; specific LTM periods noted for WRC and JNY.Macellum Perry Ellis Presentation April 2014 · macellum-perry-ellis-presentation-april-2014
Activist deck Activist investor Beat · Evidence1 hit
09
The slide uses the data to contrast Pinehurst's royalty-heavy profit model against JNY's low-margin operational model.Macellum Perry Ellis Presentation April 2014 · macellum-perry-ellis-presentation-april-2014
Activist deck Activist investor 1 hit
13
The 5-year TSR data is highlighted with a red dashed box to emphasize the long-term underperformance.Macellum Spartan Nash Presentation May 2022 · macellum-spartan-nash-presentation-may-2022
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
15
The SPTN bar is highlighted with a red dashed border to draw attention to its underperformance relative to the peer groups.Macellum Spartan Nash Presentation May 2022 · macellum-spartan-nash-presentation-may-2022
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
16
The slide uses a red dashed box to highlight the underperformance of SPTN relative to UNFI.Macellum Spartan Nash Presentation May 2022 · macellum-spartan-nash-presentation-may-2022
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
17
The chart uses a $100 investment baseline to compare total return performance.Macellum Spartan Nash Presentation May 2022 · macellum-spartan-nash-presentation-may-2022
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
19
The table includes specific acquisition context for Caito and Martin's.Macellum Spartan Nash Presentation May 2022 · macellum-spartan-nash-presentation-may-2022
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
20
The slide uses a comparison table to expose operational underperformance relative to peers.Macellum Spartan Nash Presentation May 2022 · macellum-spartan-nash-presentation-may-2022
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
21
The slide uses two tables and one bar chart to demonstrate underperformance relative to peers.Macellum Spartan Nash Presentation May 2022 · macellum-spartan-nash-presentation-may-2022
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
22
The slide uses a comparison table to frame the company's EBITDA decline as a failure of board oversight.Macellum Spartan Nash Presentation May 2022 · macellum-spartan-nash-presentation-may-2022
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
23
The table highlights that while peers have seen significant growth in EBT, SPTN has seen a decline over the 2014-2021 period.Macellum Spartan Nash Presentation May 2022 · macellum-spartan-nash-presentation-may-2022
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit