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Foot Locker ditching NYC for St. Petersburg, Florida to cut high costs: ‘Efficiencies’

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Foot Locker ditching NYC for St. Petersburg, Florida to cut high costs: ‘Efficiencies’


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.

Foot Locker announced Wednesday it will be moving its headquarters from New York City to St. Petersburg, Florida. AP

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.

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The move is expected to be completed by late 2025.

The city has been “a center of gravity for Foot Locker for a long time,” Dillon told Bloomberg. “There are cost efficiencies over time by doing this, but we’re going to continue to have a presence in New York to keep connections to basketball and sneaker culture.”

St. Petersburg – a city of 250,000 near Tampa – has not been a hotspot for big companies. 

Miami, for example, is home to billionaires like Ken Griffin and his hedge fund Citadel.


Cathie Wood, CEO of Ark Invest, speaking during an interview on CNBC on the floor of the New York Stock Exchange.
Cathie Woods moved her firm Ark Investment Management from the Big Apple to St. Petersburg in 2021. REUTERS

But in 2021, Cathie Wood’s Ark Investment Management moved from the Big Apple to St. Pete.

She also purchased naming rights for the ARK Innovation Center – a 45,000 square-foot entrepreneurial facility– in a $2 million deal, according to St. Pete Rising, a local urban development news site.

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Foot Locker has a market capitalization of $2.8 billion. Its shares are down 4.3% so far this year.



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The Florida Orchestra Launches Partnership with University of South Florida School of Music – Symphony

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The Florida Orchestra Launches Partnership with University of South Florida School of Music – Symphony


In Wednesday’s (11/19) WUSF (Tampa), Susan Giles Wantuck writes, “The Florida Orchestra’s music director and resident conductor will serve as ‘artists-in-residence’ this season at the University of South Florida’s School of Music. The Florida Orchestra is the largest professional orchestra in the state, and a big part of what they do in the community is teaching. Now, they’ve established a partnership with the University of South Florida’s School of Music to work with students in the USF Symphony Orchestra. The goal is to provide students with the opportunity to gain professional-level experiences and build for the future. Chelsea Gallo, the Florida Orchestra’s resident conductor, said, ‘Both Michael Francis (the orchestra’s music director) and I are artists-in-residence for the University of South Florida, and it’s really cool…. These young musicians are so talented, they’re so eager.’… The 70 USF undergraduate and graduate students will also have the chance to work side-by-side with TFO musicians and attend masterclasses conducted by internationally renowned guest artists…. Chris Garvin, dean of USF College of Design, Art & Performance, which includes the School of Music said, ‘…This initiative … [creates] lasting bonds between the university, the orchestra and the community we serve.’ ”



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‘It’s a nightmare:’ Father of missing girl speaks as search continues in Central Florida

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‘It’s a nightmare:’ Father of missing girl speaks as search continues in Central Florida


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Sunblotch disease resurfaces, threatening South Florida avocado trees and backyard growers

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Sunblotch disease resurfaces, threatening South Florida avocado trees and backyard growers


If you have an avocado tree growing in your backyard, experts say you need to be vigilant about a disease that has made a comeback and can destroy your fruit.

It’s called Sunblotch Viroid, a microscopic invader that can spread easily.

CBS Miami spoke with tropical fruit specialist Dr. Jonathan Crane at the University of Florida’s Research and Education Center in Homestead about the disease. He says a local farmer spotted the disease and notified him, prompting Crane to issue a warning.

Laurel wilt wiped out half of trees 

Crane has worked for decades at the research center. He says that while the laurel wilt fungus wiped out nearly half of the avocado trees in South Florida, newly planted avocado trees are now susceptible to Sunblotch Viroid.

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The disease leaves deep yellow scars on the fruit.

“You can have Viroid in a tree that doesn’t show symptoms. It can spread from seeds and root stock,” Crane said.

Crane advises growers with infected trees: “If it has it, they need to properly remove the tree entirely.”

Farmers inspect trees for signs 

David Maes, manager of Marando Farms and Ranch in Davie, said the operation has had no Sunblotch issues but that he inspects the organic avocado trees regularly.

“It’s always a concern. You worry you will have to dig up a row,” Maes said. “That’s what happened with the citrus greening outbreak that happened 15 years ago. Tens of millions of citrus trees had to be destroyed because of a bug.”

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Serious threat to avocado production 

Crane says farmers and home growers should take the Sunblotch threat seriously.

“We have to look out. Because trees can be reduced 14 to 80 percent,” he said.

If you suspect you have an infected tree, Crane says you can take leaf samples to your local agricultural extension office. For a fee, they can test for confirmation.

If you’d like more information, contact the UF/IFAS TREC Plant Diagnostic Clinic in Homestead.   

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