Faith Hope Consolo: The Changing State Of Luxury

NewsOK.com RSS - business, Daily Oklahoman: Business
Tue, 06/09/2015 - 11:32am

NEW YORK (AP) — For more than 30 years, real estate broker Faith Hope Consolo has trekked up and down side streets and combed through clothing racks at stores all over the world to find new fashion designers to bring to the U.S., from Jimmy Choo to Paul Smith to Giorgio Armani. As a result, Consolo has helped to revitalize Madison Avenue and Fifth Avenue as hubs of luxe shopping as well as reshape other retail corridors of the country from Los Angeles' Rodeo Drive to Boston's Newbury Street. Consolo, now chairman of Douglas Elliman Real Estate's retail group, has seen many trends in her position on the front lines of luxury spending: from the shop 'til you drop" mentality that lasted for two decades until the Great Recession when shoppers retrenched or hid their purchases in brown paper bags.Read more on NewsOK.com

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