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

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

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…

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