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Last fall, Adecco reported that its United States operations had run into operating headwinds, but it was not clear Monday whether those problems played a role in the control issues the company cited.
There is little doubt that ARII will continue to endure brisk operating headwinds in the coming quarters.
Near-term operating headwinds will persist in some of its regions, however SSI is closing 90 underperforming stores and shifting capital spend to modernizing its remaining stores and evolving technology and its loyalty programs.
While the operating headwinds continue to briskly blow, we believe that Staples will be the survivor of the office supply group and that shares are quite capable of a bounce back in the coming quarters as the firm continues to evolve its businesses and operates more cost efficiently, and looks for an optimal way to monetize its European business.
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Yet, there are serious headwinds operating against new issues that could increase friction for startups for the remainder of the year.
This has perhaps been less debated as the tendency is to attribute operating weakness to cyclical headwinds.
There are many wonderful people out there who feel that they're operating in a political headwind.
We remain cautious, however, given the low-growth markets in which Halfords operates, foreign exchange headwinds and cost pressure driven by its aspirations to grow into the premium cycling market".
But Alibaba is operating against broader political and economic headwinds, and China is now reducing the indebtedness of its economy, mostly by cutting credit to the private sector.
CSFB believes that Citi is better positioned than its competition to weather the unsavory environment: "For Citi, marketing and acquisition expertise, cross-sell opportunities, and low/declining unit operating costs offer some offset to the industry headwinds.
Third, the company is operating at very depressed margins in 2009/2010 due to currency headwinds.
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