Tariff impact will be the headwind for retail in 2026, says top retail analyst Dana Telsey

And on the earnings front, names like Tapestry, TX, CarMax, and ELF all fell big on earnings, taking the XRT down for the week. For more on the consumer, let's bring in Telsey Advisory Group CEO Dana Telsey. Dana, these University of Michigan uh consumer confidence numbers three weeks before Black Friday don't feel great.So, can the luxury consumer save the season. >> Well, thank you for having me, John, and I agree. They don't feel great.When you see numbers hitting the lows on consumer sentiment, there's ...