Yahoo Finance

As tariff impacts weigh on retailers' outlooks, Telsey Advisory Group CEO and chief research officer Dana Telsey joins Julie Hyman and Josh Lipton on Market Domination to outline three things that retail companies can do in response to tariffs.

"There's three things a retailer can [change] when tariffs are implemented: your diversifying, your sourcing, your partnering with your sourcing partners to have each of you eat some of the cost," Telsey says.

She adds, "The last thing you want to do is ... raise prices to the end consumer, but sometimes it's not a nice to-do, it's a must-do."

To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

This post was written by Naomi Buchanan.