Watch legendary retailer Mickey Drexler break down consumer strength, retail earnings and more

Mickey Drexler, chief executive officer of Alex Mill and former chairman and CEO of J. Crew, joins CNBC's 'Squawk Box' to react to the slew of recent retail earnings reports, lays out his view on consumer strength, and more. "I think spending habits have changed, and people were out like crazy the first half with pent-up demand, and it's slowed down," Drexler tells CNBC.