John Zolidis

“Ms. Dillon is a leader with a strong voice and will represent a meaningful change in tone for Foot Locker. We think the ripples within the organization could be very positive,” John Zolidis, president and founder of Quo Vadis Capital, said in emailed comments. “We also believe communication to investors will be upgraded based on the significant credibility she will bring to crafting a strategy and establishing an outlook. In short, this is very good news.”

Yet, retailers such as Academy Sports and Outdoors (ASO) have painted a brighter picture. Even Walmart hasn’t warned that inventory will further hurt results. “Target’s problems definitely look to be company-specific,” says John Zolidis, president of Quo Vadis Capital.

“We’ve only really had one quarter of negative surprises,” said John Zolidis, founder of Quo Vadis Capital. “Normally in a recessionary cycle there will be several rounds of cuts before the outlook and stocks bottom. Unless we see a reversal of inflation data and a less hawkish approach from the Federal Reserve, our guess would be that we’re closer to the beginning of the pain than the end of it.”

“Professional investors don’t believe that inflation can be tamed without destroying economic demand; that’s why you’re seeing discretionary stocks under so much pressure,” says Quo Vadis Capital President John Zolidis.

John Zolidis, president of the New York-based equity research firm Quo Vadis Capital said greater transparency for US auditors would “improve investor confidence in US-listed Chinese companies” after a bruising year when the valuations of large internet giants including Alibaba and Tencent have slashed over 40 per cent following Beijing’s regulatory moves to break up their monopoly power.