Dsw Posts Surprise 4q Loss, Will Rename Co. Designer Brands

NEW YORK (AP) — Shoe chain DSW Inc. on Tuesday reported a surprise loss for its fiscal fourth quarter as it digested costs from acquisitions. DSW, based in Columbus, Ohio, also offered a disappointing earnings forecast for the current year, which drove shares down more than 13 percent. The results come as the chain said it plans to change its corporate name to Designer Brands Inc.

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