Best Buy's tariff plan: Raise prices, cut costs and find suppliers

What they're saying: "I don't think there is anything we would do differently based on the news overnight," Barry told reporters Thursday, per the Wall Street Journal. "What I've really tried to work with the team on is to not actually overreact to any given moment."

State of play: The Richfield-based electronics retailer said it's also been negotiating with suppliers to cut costs and reduce its reliance on Chinese goods.

The big picture: Barry said tariffs are just one factor weighing on consumer confidence.

• "The consumer is remaining resilient, but we've been very clear to say they are making trade offs in their spend and their budget decisions based on higher prices across many areas of their lives," she told analysts.