Sam Trethewey: Milford Asset Management Portfolio Manager on local retailers reporting losses this earning season

Many local retailers, including Kathmandu and The Warehouse, have reported less-than-stellar earnings this week.  KMD Brands has posted a $10 million loss, and The Warehouse Group today announced a $23.7 million net loss. Milford Asset Management's Sam Trethewey says it's clear economic conditions and interest rates are having an impact on consumer spending. LISTEN ABOVE See omnystudio.com/listener for privacy information.