Free Republic

Foot Locker announced Wednesday the sneaker retailer will move its headquarters from New York City to Florida to escape the Empire State’s high costs. “To better support our strategic progress, to increase team member collaboration, as well as ongoing expense discipline, we made the decision to relocate our headquarters to St. Petersburg, Fla.,” CEO Mary Dillon said in a statement. The company said it would maintain only a limited presence in the city moving forward. Its sister brand, Champs, was previously headquartered in St. Petersburg. The move is expected to be completed by late 2025.

After years of cuts in state subsidies and growing resistance to rising tuition, U.S. colleges and universities are starting to unwind decades of administrative bloat and back-office waste that helped push up costs and tuition. The State University of New York system shaved $48 million in the past two years by cutting unused software licenses and consolidating senior administrators. The University of California, Berkeley, cut $70 million since 2011 by centralizing purchasing and laying off a layer of middle managers, among other things. And the University of Kansas revamped its back-office operations to save about $5 million in 2013. One...