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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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Florida man charged in racially motivated attack plot

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Florida man charged in racially motivated attack plot


Federal agents arrested a 20-year-old Sarasota man after finding Nazi propaganda, pipe bombs, guns, ammunition, a pressure cooker, and instructions for making explosives inside his home. Investigators also discovered an index card outlining plans for a racially motivated attack, including placing motion-activated bombs for police. If convicted, he faces up to 20 years in prison.



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FTBOA Partners With Florida Coast Equipment

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FTBOA Partners With Florida Coast Equipment


Florida Coast Equipment has entered into a partnership agreement with the Florida Thoroughbred Breeders’ and Owners’ Association making Kubota the exclusive tractor, mower, utility vehicle, and construction equipment sponsor of the Florida Thoroughbred industry, starting in 2026.

The long-term agreement, announced Dec. 23, places Florida Coast Equipment and the Kubota brand front and center to Florida’s Thoroughbred industry, a $3.2 billion industry with more than 90,000 Thoroughbreds and 33,500 jobs.

The Florida Coast Equipment name will now be prominently displayed throughout the FTBOA headquarters, events, and communications, including an advertising package on FTBOA.com, Wire to Wire, and the Florida Horse Farm and Services Directory.

“This partnership goes beyond sponsorship. Florida Coast Equipment is proud to serve as the local dealer of choice for Florida’s Thoroughbred community—working alongside breeders and owners every day with the equipment, service, and support they rely on,” said Florida Coast Equipment online sales manger Timothy Morris Jr. “Both the FTBOA and Florida Coast Equipment are deeply rooted in Florida agriculture and share a commitment to long-term relationships, stewardship, and doing things the right way. That shared mindset is what makes this partnership a natural fit and positions it for lasting impact across the industry.”

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“When it comes to horsepower, nobody knows it better than Florida’s Thoroughbred industry, and the team at Florida Coast Equipment and Kubota,” FTBOA CEO Lonny Powell said. “This partnership unites two pillars of Florida agriculture, and we couldn’t ask for a better fit.”

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This press release has been edited for content and style by BloodHorse Staff.





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Preview: December 23 vs. Florida | Carolina Hurricanes

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Preview: December 23 vs. Florida | Carolina Hurricanes


RALEIGH, N.C. – The Carolina Hurricanes and Florida Panthers square off for the second time in five days on Tuesday, going head-to-head at Lenovo Center.

When: Tuesday, Dec. 23

Puck Drop: 7:00 p.m. ET

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Watch: FanDuel Sports Network South, FanDuel Sports Network App | Learn More

Listen: 99.9 The Fan, Hurricanes App

Canes Record: 22-10-3 (47 Points, 1st – Metropolitan Division)

Canes Last Game: 6-4 Loss to the Tampa Bay Lightning on Saturday, Dec. 20

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Panthers Record: 19-14-2 (40 Points, T-5th – Atlantic Division)

Panthers Last Game: 6-2 Loss to the St. Louis Blues on Saturday, Dec. 20



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