Reason To Smile

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First things first…we are not out of the woods just yet! But there is quite a bit of good news lately regarding retail in general, and brick and mortar in particular. Kohl’s performed admirably with a 6.9% improvement in holiday sales versus last year, while Target experienced a 3.4% increase. All merchandise categories except Sporting Goods experienced gains during the November/December holiday season, according to the NRF. Top category winners included Building Materials and Supplies, Furniture and Home Furnishings, and Electronics and Appliance stores. If any of you thinks this could possibly be a "one and done" holiday shopping season, it’s likely that you’re mistaken. North American retailers expect a 6.2% increase in sales in 2018, according to research from IHL Group, including a 4.8% increase in store sales. November/December Sales Change by Retail Category, 2016 vs. Regarding the future of regional malls, there’s no question that we will continue to see poorly-tenanted properties shutting down, redeveloped, or repurposed.

At the same time, the prospect for quality malls, albeit not without possible bumps in the road, is generally healthy. The ability of mall owners to clear the fallout from department store closings and the success rate of backfilling these anchor vacancies will have much to do with determining long-term viability. But at the same time you can’t deny that the attention given to some quality mall REITs during the back half of 2017 clearly suggests a vote of confidence in the mall retail sector. Last but not least is the effect the new federal tax plan will have on retail property owners, retailers, and consumers. Regarding real estate owners, the reduced tax rate should allow landlords to reinvest tax savings back into business either in the form of existing property upgrades or new development. Retailers currently are not eligible for the many tax breaks that tech, manufacturing, financial, and energy companies are often able to take advantage of, resulting in their paying a higher effective tax rate than most other industries. Consequently, retailers have much to gain from the new tax plan. Also, consumer tax savings should translate into higher discretionary spending.

The current administration has raked us over the coals and the new one is gonna be twice as bad. Are you up to the task? A little late to be asking that question now. But, yes I am and I, once again, pledge my support to the Republic of Texas. Robert, the Vice President was just sworn in and it's almost noon. I was just doing some Facebook stuff. Where are they at? The President is just coming to the stage. Chief Justice Roberts, wasn't he nominated for the position by President George W.? Yeah. I 'm surprised he's still got the position. It has to be hard for him to swear in Watson. Are you prepared to take the oath, Mr. Watson? Please repeat after me. President Watson as he held out his hand. Sergeant Major Lazier jumping our of his chair. This is just the tip of the iceberg. I have so many plans and changes to put into effect, now that we have all three branches under Democratic control. I will be sharing some major things in the State of the Nation Address in a few weeks. Sally asked reaching for his hand.

In our examinations of various leadership styles and leadership qualities, none could possibly be more apt than Barack Obama as a case study. His refreshing ideology and brilliant execution certainly bestows us with many leadership lessons to draw from. Barack Hussein Obama II is the 44th President of the United States. As an African American born in Hawaii, Obama took interest in being a community organiser in a low income neighbourhood, and served as a church based community organiser before studying Law at Harvard Law School. Among the most apparent style of leadership that can be seen from President Obama is its transformational nature. Being highly charismatic and exceedingly eloquent, President Obama is easily able to influence the people he lead to work towards a common goal and achieve something larger than themselves. His persuasive and diplomatic style contrasts starkly with the more aggressive and confrontational measure of his predecessor President Bush, and it would definitely play an important role in forging international cooperation and inspiring action at home.

As much as it is ideological, President Obama's leadership is also highly pragmatic, focusing on concrete issues such as non-insurance of healthcare and relationship with the Muslim world. This leadership trait is integral in his success in translating his noble ideas into reality. President Obama's leadership is also characterised by strong communication with the citizens of America and the people of the world. In this new world of information and knowledge, President Obama is able to capitalise on the media to communicate his views and messages to the American citizens. This fact is evident from his presence in talk shows. Being at the top of the any large organisation, it is crucial that messages and ideas get translated clearly right down to the last man so as to ensure congruency in intent. In this aspect, Obama has excelled in his keeping the people he governs in the know. Being one of a kind, President Obama epitomises several leadership qualities and these can be valuable leadership lessons to take away. Foremost, he listens. One would think that for such an outstanding orator, speaking well would be his key tool to influence and gain consensus.

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