Foot Locker Plans $1 Billion Share Repurchase and Increased Investment in Store Fleet

Foot Locker has some cash to spend. The footwear retailer has revealed its plans to allocate the capital it has built up over several successful quarters, including a $1.2 billion share repurchase program, a quarterly cash dividend of 38 cents per share and a new expenditure program that will see the retailer pump $275 million into…