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Another exit: Foot Locker to relocate headquarters from New York to Florida

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Another exit: Foot Locker to relocate headquarters from New York to Florida


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. 

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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.”

Foot Locker is relocating its headquarters to Florida from New York.  (Artur Widak/NurPhoto via Getty Images / Getty Images)

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.

CHICAGO’S CORPORATE EXODUS SERVES AS BACKDROP TO DNC

“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.”

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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.”

Foot Locker’s corporate presence in New York City will be “limited” in the future. (Justin Sullivan/Getty Images / Getty Images)

Foot Locker linked the corporate move to an effort to “further support strategic progress” of its “Lace Up Plan.”

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The “Lace Up Plan,” which kicked off in March, includes initiatives like new store formats, moving away from mall stores, revamping its loyalty program and leaning more into digital to improve Foot Locker’s growth. 

The footwear retailer has the launch of a Global Technology Services Hub in Dallas, Texas, slated for next month in a move separate from the headquarters relocation. Dillon said the site will “be a key enabler of our technology infrastructure modernization under Lace Up.”

Foot Locker linked the corporate move to an effort to “further support strategic progress” of its “Lace Up Plan.” (Christinne Muschi/Bloomberg via Getty Images / Getty Images)

Foot Locker’s planned move from New York to Florida will make it the latest company to move its headquarters out of the Empire State.

CHEVRON RELOCATING HEADQUARTERS FROM CALIFORNIA TO TEXAS

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Some others include Icahn Capital Management in 2020 and ARK Investment Management in 2021. 

The footwear retailer’s market capitalization hovered around $2.79 billion on Wednesday afternoon after releasing its second-quarter results earlier in the day.



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Gas prices rise in South Florida amid U.S. and Israel’s conflict with Iran, as the stock market also reports a dip

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Gas prices rise in South Florida amid U.S. and Israel’s conflict with Iran, as the stock market also reports a dip



Four days into the Iranian conflict, gas prices are rising at many stations in South Florida.

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“I’ve traveled all over the United States,” says Stacey Williams. CBS Miami spoke to him as he was gassing up on the turnpike. He paid $66 for 20 gallons of diesel to fill his pickup truck. Williams has noted the fluctuations in fuel as he drives to locations for his work on turbines. He just spent three weeks at the Turkey Point Nuclear Power Plant south of Miami.

“The salary we get paid per hour does not add up to what we pay for gas, housing, and food,” he says.

Mitchell Gershon is also dealing with the higher gas prices. He has to fill three vehicles constantly for his business—Thrifty Gypsy, a pop-up store at musical venues. He’s back and forth from Orlando to Miami and says fuel is costing him 20% more. When asked how he handles these fluctuations, he said, “Have a little backup cash so you are ready for it.”

The rise in oil prices contributed to a drop in the stock market on Tuesday, which means some retirement accounts dipped, too. CBS Miami talked to Chad NeSmith, director of investments at Tobias Financial Advisors in Plantation, for perspective on the drop.

“We are seeing most of the pullback today. Yesterday was a shock,” he says. He’s not expecting runaway oil prices but says investors should stay in the loop: “Pay attention to your portfolio. Stick to your goals. Have a plan because these things are completely unpredictable.”

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That unpredictability has Williams adjusting his budget. “You just cut back, cut corners, all you can do,” he says.



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Man convicted of 1991 fatal shooting of a police officer is set to be executed in Florida

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Man convicted of 1991 fatal shooting of a police officer is set to be executed in Florida


STARKE, Fla. (AP) — A man convicted of fatally shooting a police officer with his own service weapon during a traffic stop is set to be executed Tuesday evening in Florida.

Billy Leon Kearse, 53, is scheduled to receive a three-drug injection starting at 6 p.m. at Florida State Prison near Starke. Kearse was initially sentenced to death in 1991 after being convicted of first-degree murder and robbery with a firearm.

The Florida Supreme Court found that the trial court failed to give jurors certain information about aggravating circumstances and ordered a new sentencing. Kearse was resentenced to death in 1997.

Kearse awoke at 6:30 a.m. He declined a last meal and has remained compliant throughout the day, corrections spokesman Jordan Kirkland said during a news conference. Kearse met with a spiritual adviser during the day but had no other visitors.

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This is Florida’s third execution scheduled for 2026, following a record 19 executions last year. Republican Gov. Ron DeSantis oversaw more executions in a single year in 2025 than any other Florida governor since the death penalty was reinstated in 1976. The highest number before then was eight executions in both 1984 and 2014, under former governors Bob Graham and Rick Scott, respectively.

According to court records, Fort Pierce Police Officer Danny Parrish pulled over Kearse for driving the wrong way on a one-way street in January 1991. When Kearse couldn’t produce a valid driver’s license, Parrish ordered Kearse out of his vehicle and attempted to handcuff him.

A struggle ensued, and Kearse grabbed Parrish’s firearm, prosecutors said. Kearse fired 14 times, striking the officer nine times in the body and four times in his body armor. A nearby taxi driver heard the shots and used Parrish’s radio to call for help.

Parrish was rushed to a nearby hospital, where he died from the gunshot wounds, officials said. Meanwhile, police used license plate information that Parrish had called in before approaching Kearse to identify the attacker’s vehicle and home address, where Kearse was arrested.

Last week, the Florida Supreme Court denied appeals filed by Kearse. His attorneys had argued that he was unconstitutionally deprived of a fair penalty phase and that his intellectual disability makes his execution unconstitutional.

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The U.S. Supreme Court rejected Kearse’s final appeals Tuesday afternoon without comment.

A total of 47 people were executed in the U.S. in 2025. Florida led the way with a flurry of death warrants signed by DeSantis, far outpacing Alabama, South Carolina and Texas which each held five executions.

Besides the two Florida executions this year, Texas and Oklahoma have each executed one person so far.

Two more Florida executions have already been scheduled for this month. Michael Lee King, 54, is scheduled to die on March 17, and the execution of James Aren Duckett, 68, is set for March 31.

All Florida executions are carried out via lethal injection using a sedative, a paralytic and a drug that stops the heart, according to the Department of Corrections.

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Man convicted of 1991 fatal shooting of police officer is set to be executed in Florida

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Man convicted of 1991 fatal shooting of a police officer is set to be executed in Florida


STARKE, Fla. (AP) — A man convicted of fatally shooting a police officer with his own service weapon during a traffic stop is set to be executed Tuesday evening in Florida.

Billy Leon Kearse, 53, is scheduled to receive a three-drug injection starting at 6 p.m. at Florida State Prison near Starke. Kearse was initially sentenced to death in 1991 after being convicted of first-degree murder and robbery with a firearm.

The Florida Supreme Court found that the trial court failed to give jurors certain information about aggravating circumstances and ordered a new sentencing. Kearse was resentenced to death in 1997.

This is Florida’s third execution scheduled for 2026, following a record 19 executions last year. Republican Gov. Ron DeSantis oversaw more executions in a single year in 2025 than any other Florida governor since the death penalty was reinstated in 1976. The highest number before then was eight executions in both 1984 and 2014, under former governors Bob Graham and Rick Scott, respectively.

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According to court records, Fort Pierce Police Officer Danny Parrish pulled over Kearse for driving the wrong way on a one-way street in January 1991. When Kearse couldn’t produce a valid driver’s license, Parrish ordered Kearse out of his vehicle and attempted to handcuff him.

A struggle ensued, and Kearse grabbed Parrish’s firearm, prosecutors said. Kearse fired 14 times, striking the officer nine times in the body and four times in his body armor. A nearby taxi driver heard the shots and used Parrish’s radio to call for help.

Parrish was rushed to a nearby hospital, where he died from the gunshot wounds, officials said. Meanwhile, police used license plate information that Parrish had called in before approaching Kearse to identify the attacker’s vehicle and home address, where Kearse was arrested.

Last week, the Florida Supreme Court denied appeals filed by Kearse. His attorneys had argued that he was unconstitutionally deprived of a fair penalty phase and that his intellectual disability makes his execution unconstitutional.

Final appeals were pending Tuesday before the U.S. Supreme Court.

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A total of 47 people were executed in the U.S. in 2025. Florida led the way with a flurry of death warrants signed by DeSantis, far outpacing Alabama, South Carolina and Texas which each held five executions.

Besides the two Florida executions this year, Texas and Oklahoma have each executed one person so far.

Two more Florida executions have already been scheduled for this month. Michael Lee King, 54, is scheduled to die on March 17, and the execution of James Aren Duckett, 68, is set for March 31.

All Florida executions are carried out via lethal injection using a sedative, a paralytic and a drug that stops the heart, according to the Department of Corrections.

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