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What: Shares of shoe retailer DSW
So what: The big news for DSW today is that it announced that it's going to acquire its largest shareholder, Retail Ventures
Now what: While parsing this curious deal may be the bigger news, it'd be a mistake to overlook some other positive notes from DSW. The company said that same-store sales for the fourth quarter soared 14.9% after increasing 12.9% last year. Management also raised its earnings guidance for its fiscal 2010 from a range of $2.30 to $2.40 to a range of $2.38 to $2.42.
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Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.