Kohl’s, Abercrombie Surge as Retailers Buck Shopper Pullback

Kohl’s Corp. raised its full-year outlook for the second straight quarter, adding to a steady stream of retailers reporting stronger-than-expected results.

Earnings have presented a split-screen image of consumer behaviour so far this quarter. Retailers like Kohl’s, which joined Best Buy Co., Abercrombie & Fitch Co. and Dick’s Sporting Goods Inc. in offering improved guidance on Tuesday, are proving that despite weakening consumer sentiment, shoppers are still willing to spend on brands…