Steve Dennis and Michael LeBlanc kick off 2026 by unpacking the latest retail headlines—from holiday sales and slowing job growth to looming bankruptcies and tariff decision uncertainty—before welcoming back guest Simeon Siegel of Guggenheim Partners and Sucharita Kodali of Forrester for another edition of The Analysts. The conversation cuts through macro noise to focus on execution, market share shifts, e-commerce maturity, AI realism, along with key perspectives on Saks looming bankruptcy and the state of turnarounds at Nike, Gap, and Target.