February 20, 2018 / 9:36 PM / 4 months ago

BRIEF-Foot Locker Announces 2018 Capital Allocation Plans

Feb 20 (Reuters) - Foot Locker Inc:

* FOOT LOCKER, INC. ANNOUNCES 2018 CAPITAL ALLOCATION PLANS

* FOOT LOCKER INC - DECLARES Q1 DIVIDEND OF $0.345 PER SHARE, AN 11 PERCENT INCREASE

* FOOT LOCKER INC - APPROVES $230 MILLION CAPITAL EXPENDITURE PROGRAM FOR 2018

* FOOT LOCKER - CAPITAL SPEND PLANNED FOR 2018 REFLECTS GREATER FOCUS ON DIGITAL & SUPPLY CHAIN INITIATIVES RELATIVE TO REAL ESTATE INVESTMENTS

* FOOT LOCKER - SPENDING ON STORE FLEET, WHILE LOWER COMPARED TO RECENT YEARS, WILL STILL COMPRISE MAJORITY OF CO’S CAPITAL EXPENDITURES IN 2018 Source text for Eikon: Further company coverage:

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