Posted on 08/30/2024 6:02:58 AM PDT by SeekAndFind
Foot Locker is relocating its headquarters to Florida from New York.
The footwear retailer said Wednesday the city of St. Petersburg will become its new corporate headquarters come late 2025.
Foot Locker said it was seeking to "further build on the Company’s meaningful presence in St. Petersburg and to enable increased collaboration among teams across banners and functions, while also reducing costs."
The retailer already has a "very meaningful commercial and executive team presence" in St. Petersburg, according to CEO Mary Dillon. The company won’t be requiring relocation for workers, she told analysts and investors.
"Historically, that was originally the headquarters of Champs Sporting Goods," Dillon also told analysts and investors. "We have a large concentration of folks there already, and we think it’s a great place for us to continue to grow and do business and continue to attract top talent."
Meanwhile, Foot Locker’s corporate presence in New York City will be "limited" in the future.
Dillon said the HQ relocation to the Sunshine State was "going to continue to give us better opportunities, both for further collaboration across the business and there’s some financial benefits over time as well."
(Excerpt) Read more at msn.com ...
Florida good, St. Pete eeh.
Much woke in St Pete, esp lgbtq crap
Dang, think about all that tax money you’ll be saving. Then again, knowing how Democrats operate... you leaving NYC will they pursue some contrived unrealized taxes.
Will the IRS audit them and or harass them for years?
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LOL. More like "minimized". Footlocker wised up and is exiting before things in NY get even worse. Just like countless other companies and productive people.
That gives the state too much time to punish them for their impudence. The proper tactic is to build up a secondary HQ location in advance, then announce that the move happened last week. :)
Turn Florida blue. Just like these corporations are doing with Texas.
The corporation is fleeing New York not the people; the people are being re-located. They're not fleeing the craziness so they will keep voting for it. This is a raw deal for FL. It's too bad Floridians are powerless to reject it.
I live in St. Pete and we are very diverse. We especially like Carolina blue skies and green money.
Somehow this is racist. When youffs can’t steal $400 sneakers for school and stuff it is a racial injustice.
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