Foot Locker’s board of directors has authorized capital investments of $275 million for this year, a big jump from the $155 million spent in 2020, when they were reduced to maintain liquidities in spite of the coronavirus pandemic. Foot Locker’ board has also decided to raise its quarterly dividend by 33 percent to 20 cents per share. Returning to pre-pandemic levels of investment, the big international sports retailer will spend a “meaningful” portion of the funds on its digital capabilities and infrastructures, including initiatives to enhance the digital customer experience and to further streamline the global supply chain. The company will also accelerate the roll-out of its community-based stores outside the shopping malls in markets all over the world. Further store upgrades and facelifts are planned to elevate the in-store experience.