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DSW Tumbles Most Since 2014 on Surprise Loss, Weak Forecast

Pedestrians pass in front of a DSW Inc. shoe store in New York.

Pedestrians pass in front of a DSW Inc. shoe store in New York.

Photographer: Scott Eells
Updated on

DSW Inc. fell the most in almost five years after the shoe retailer posted a surprise loss in the fourth quarter and its profitability got squeezed. The company’s long-term forecast laid out at the investor day in New York also didn’t satisfy Wall Street, with shares falling sharply.