Foot Locker Relocates Headquarters from NYC to St. Petersburg, Florida

The move aims to enhance collaboration, cut costs, and build on the company's existing presence in Florida.

Foot Locker will complete the relocation by late 2025, maintaining a limited presence in New York City.
CEO Mary Dillon cited strategic progress and expense discipline as key reasons for the move.
St. Petersburg will become the third Fortune 500 headquarters in the city, creating over 150 jobs.
The company will offer incentives to employees but will not require them to relocate.
Foot Locker's 'Lace Up Plan' includes new store formats and a technology hub in Dallas.