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."
The retailer already has a "very meaningful commercial and executive team presence" in St.