Faith Hope Consolo - Audio Spots

News: The Future of South Street Seaport

The South Street Seaport is one of the areas hammered by Sandy and now there are worries that the revitalization there has been seriously setback. Faith Hope Consolo, one of the city's leading retail real estate brokers says the challenge is huge. "If they reopen at the Seaport, they're going to have to do a dramatic marketing and advertising campaign like: 'We're back!'" she said.

Business: Sandy Stymies Revitalization
At South Street Seaport

Marketplace: iPad Mini, iPad 4,
and New Mac Models Released at Apple Event

Faith Hope Consolo at Prudential Douglas Elliman keeps a very close watch on America's retail industry. She's counting on lots of hunger for smaller tablet computers like the Ipad Mini to drive people into stores in the coming weeks.

Can Women Break the Glass Ceiling

Women are continuing to break the so-called glass ceiling. Listen as Faith Hope Consolo, Chairman of Prudential Douglas Elliman's Retail Group, discusses shifting societal attitudes and perspectives and how they may affect real estate business.

Recon 2012, The Prequel

The United Nations of Retail, a detailed look into foreign retail emergence in the US with Faith Hope Consolo, Chairman of Prudential Douglas Elliman's, Retail Group.

Marketplace:
Target vs. Amazon: A battle Over 'Showrooming'

Faith Hope Consolo: It's going to continue to confuse the shopper. The shopper is always concerned not only are they getting the best deal, the best price, but are they making the right purchase.

Marketplace Report:
Retail numbers stay strong in March

Consolo: You'll see that the sales increase, which is a little different this month, is across the board - not just concentrated in the luxury and discount sectors that we've seen for the past year or 18 months.

Marketplace Report: Best Buy Store Closings

As more shoppers move online, Best Buy has been caught with too many stores and not enough customers.

Marketplace Report: Residential Rental Market Is Booming

We've seen that as the pattern in the last five years, who will not purchase or who will not be able to purchase and the rental market meets that. And for the students that graduate; people that relocate from one city to another to another corporately until they're able to purchase - so that's a two or three year demand, ongoing.

Marketplace Report: Martha Stewart Sued by Macy's Over JCPenney Deal

The home products sold with the Martha Stewart label weren't available anywhere other than Macy's. And that's what made them valuable, says retail analyst Faith Hope Consolo. Faith Hope Consolo: They get the attention of the market, the consumer very quickly.

Marketplace Report: Recovery In Sight For U.S. Shopping Malls

Consolo: We saw an incredible retail rebound last year. We saw it across the board, all over the country, on the Main Streets. And I think the rollover was into the malls. I think one of the reasons is there hasn't been much mall development in the last three to five years, and there were vacancies.

Marketplace Report: Do Malls Still Matter?

We went to Faith Hope Consolo, chairman of the retail group at Prudential Douglas Elliman (and shopping expert) for answers. According to her, malls are increasingly adding new features and attractions to keep the foot traffic up - from restaurants to wedding chapels and everything in between.

Macy's Early Holiday Gift: Strong 3Q Earnings

The retailer is so optimistic, it has announced it will add three new stores, including one at the Bay Plaza Shopping Center in the Bronx that is scheduled to open in 2014.

Faith Hope Consolo, an analyst with Prudential Douglass Elliman, said the expansion in the Bronx is long overdue. "I think the Bronx has seen a lot of change. I think you've got very important developments going there, easy transportation, and Macy's is expanding in a back yard where they've done well," she said.

Economy News - Holiday shoppers,
Start Your (New Car) Engines

In the end, today's retails sales bodes well for a solid if not spectacular, rise in holiday spending. Consolo says the big question centers on promotion spending in advance of the season: Will retailers end up promoting themselves out of profits?

Marketplace Report: Unconvinced -
Consumers Don't Believe In Recovery

We spoke with retail analyst and real estate dealer Faith Hope Consolo; she said consumers see plenty of problems with the economy, all of which are affecting confidence and, by extension, consumption.

Consolo pointed to one bright spot: the luxury market. She said that this small percentage of American consumers is doing fine - agreeing that this again points to growing income inequality in the U.S. - but she says even the rich consumer has changed behavior.

Marketplace Morning Report: Pop-up Stores

When vacant store-fronts became an epidemic across the country in recent years, many retailers opted for temporary, pop-up versions of their stores. Now, that pop-up bubble may have burst.

Faith Hope Consolo: There was a lot of vacant space and they had an opportunity to fill those spaces at very nominal cost. But that's not what it's about today.

Nordstrom Opens Charity Store In Soho
Under New Name

Some analysts questioned how much value Nordstrom will get out of a store that doesn't openly connect itself to its parent, but retail specialist Faith Hope Consolo, with Prudential Douglass Elliman said it will strengthen the brand in New York. "I think it's a brilliant marketing move," she said. Consolo said it will give shoppers an excuse to splurge, and to venture away from trusted New York mainstays like Saks and Barney's. Everybody wants to feel philanthropic, everybody wants to give back," she said. "So people will say, 'I want to shop there, it's helping others.'"

What Borders' liquidation
could mean for competitors

What about the vacant 20,000 square foot superstores left behind? Some expect Borders' real estate could be more attractive than its books. Faith Hope Consolo follows commercial real estate for Prudential Douglas Elliman.

Faith Hope Consolo: Many of Borders' locations are very well-positioned. She says several furniture and clothing stores are shopping for more space.

Consolo: Urban Outfitters has been on a massive expansion all over the country.

Recon Recap

The renowned retail expert Ms. Faith Hope Consolo, Chairman of Prudential Douglass Elliman Retail Leasing, Marketing and Sales Division, discusses the ICSC's Recon 2011 Global Conference with Howard Kline from Commercial Real Estate Radio.

Faith Hope Consolo Speaks on the Retail Market

The renowned retail expert Ms. Faith Hope Consolo, Chairman of Prudential Douglass Elliman Retail Leasing, Marketing and Sales Division, discusses the retail market with Howard Kline from Commercial Real Estate Radio.

Monthly Retail Sales

The renowned retail expert Ms. Faith Hope Consolo, Chairman of Prudential Douglass Elliman Retail Leasing, Marketing and Sales Division, discusses the monthly retail sales numbers with Wall Street Journal Radio business reporter Jim Chesko.

Marketplace: Is Wal-Mart Planning To Expand
Into The New York City's Market?

Retail expert Faith Hope Consolo, Chairman of Prudential Douglas Elliman's Retail Leasing, Marketing and Sales Division and National Public Radio reporter Janet Babin discuss the recent reports on possible Wal-Mart's expansion into the New York City's market.