Lululemon Slides, Five Below Sizzles & Anthropic Enters Commerce, Plus Guest co-Host Anne Mezzenga Goes Undercover

Guest co-host Anne Mezzenga, Founder & CEO of Retail Field Report, joins Steve and Michael for a macro check on fuel, rates and tariffs, then earnings from Five Below, Victoria's Secret, Lululemon and Kohl's. Anne takes us inside her flex retail shifts, hospitality-first store roles and a Target walk with executives, before the trio debates Anthropic's Claude Commerce Agents and Shein's Hong Kong debut. On the radar: Quince's brick-and-mortar ambitions, and JBS's beef imports — boon or burden for grocers?