Mickey Drexler on Decker Results and Retail Outlook

Mickey Drexler, Chair of Alex Mill and Former CEO and chair of J. Crew, tells Bloomberg that apparel retailers need to do more to give consumers a reason to buy. He says product, discounting and especially newness matter, while arguing that fashion has put too little emphasis on creativity and reinvention. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)