Money&Investing: Challenges at Home, Opportunities Abroad

Faith Hope Consolo, chairwoman of the retail leasing and sales division of Prudential Douglas Elliman Real Estate in New York City, predicts that as the population ages, demand will grow for restaurants and entertainment venues, at the expense of other types of retail. Overseas, she says, retailers will expand into malls in the Middle East, and will gravitate toward suburban shopping centers in metro areas around the world.