Florida
Another exit: Foot Locker to relocate headquarters from New York to Florida
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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.”
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.”
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
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.
Florida
South Florida faith leaders call for Miami mental health center to finally open
Florida
SNAP benefits will be changing in Florida starting Monday
TAMPA, Fla – New SNAP restrictions will start Monday in Florida.
What we know:
These changes will ban the purchase of many sugary sodas, energy drinks, candy and ultra-processed, shelf-stable prepared desserts.
Hunger Free America, an advocacy group, is against these restrictions.
Joel Berg, the CEO, said some regulation is a good thing, but he wants to see it support access to healthy foods as a choice.
“We do support mandates to mandate that healthier food is available in stores that do accept SNAP,” Berg said. “So, it makes a lot more sense to make it easier to get healthier food.”
Berg said these restrictions are unnecessary in achieving a healthier America.
“We should make America healthier again by making healthy food more affordable, convenient and physically available,” Berg said. “We shouldn’t micromanage the eating patterns of adults to try to achieve that goal.”
The other side:
This is part of the Make America Healthy Again initiative.
U.S. Secretary of Agriculture Brooke Rollins said, “Under the MAHA initiative, we are taking bold, historic steps to reverse the chronic disease epidemic that has taken root in this country for far too long.”
What they’re saying:
Berg said that these changes, on top of cuts to the program nationwide, will increase hunger.
“It’s not that low-income Americans don’t want healthier food; it’s that they can’t afford healthier food,” Berg said.
This coincides with the announcement that there will be cuts to WIC, the Special Supplemental Nutrition Program for Women, Infants and Children, which supplies food to mothers and young children.
“President Trump’s budget just announced that he’s proposing taking away fruits and vegetables from the WIC program for pregnant women and children under five,” Berg said. “So, they’re taking away healthier food.”
The WIC cuts would take away $1.4 billion in fruit and vegetable benefits from 5.4 million people.
Big picture view:
The SNAP changes come as part of the MAHA movement and include more than 20 other states that will implement changes over the next two years.
The Source: Information in this story comes from WIC, SNAP and interviews done by Fox 13’s Danielle Zulkosky.
Florida
GALLERY: Barrett-Jackson ‘Super Saturday’ takes over South Florida Fairgrounds
WEST PALM BEACH, Fla. (CBS12) — The engines are revving for one final day of high-stakes bidding and family fun at the South Florida Fairgrounds.
Barrett-Jackson’s Palm Beach auction reaches its grand finale today with an action-packed “Super Saturday” lineup, promising to close out the weekend with a full slate of collector car sales, live entertainment, and fan attractions.
“Super Saturday,” presented by Seminole Casino Coconut Creek, officially kicks off at 8 a.m. when gates, food courts, and the exhibitor marketplace open to the public.
What to expect
- 8:00 a.m. – 11:00 a.m.: The Fantasy Bid presented by Dodge begins early, running in tandem with the automobilia auction in the arena.
- 9:00 a.m. – 5:00 p.m.: Thrill-seekers can catch Dodge thrill rides on the Barrett-Jackson Performance Track.
- 10:00 a.m.: New amenities open to the public, including the Stella Artois, Staging Lanes, and Food Court patios, which offer shaded seating and auction views.
- 10:45 a.m.: The national anthem will be performed in the auction arena, signaling the start of the main collector car auction at 11 a.m.
- Afternoon Entertainment: DJ sets run from noon to 5 p.m. across the various patios, and a detailing clinic by Adam’s Polishes is scheduled for 2 p.m. near the South Showcase.
For those unable to attend, the whole event will be livestreamed throughout the day on the Barrett-Jackson website and the HISTORY channel from 11 a.m. to 6 p.m.
Today’s finale comes on the heels of a high-energy Friday that saw significant sales and notable celebrity interest.
Star power was evident throughout the day, particularly with vehicles tied to the Busch family. A 1957 Ford Thunderbird Convertible owned by Samantha Busch and a 1969 Oldsmobile 442 Custom Coupe were among the day’s heavy hitters, each fetching $159,500. Kyle Busch’s 1956 Chevrolet Bel Air Custom Coupe also drew a strong bid, selling for $143,000.
Other Friday highlights included:
- 1968 Ford Mustang Eleanor Replica: $137,500
- 2004 Dodge Viper SRT-10 Mamba Edition: $132,000
- 1972 Chevrolet K5 Blazer Custom SUV: $126,500
- 1957 Ford Thunderbird Custom Convertible: $121,000
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With a festival-style atmosphere and high-profile sales driving momentum, organizers expect a busy crowd for the final push at the auction block today.
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