Foot Locker Joins Cathie Wood in Leaving NYC for Florida (1)

Foot Locker Inc. is moving its headquarters to Florida from New York to save on costs and build on its existing presence in the state.

The sneaker seller’s move to St. Petersburg, on Florida’s Gulf Coast, is set to take place in late 2025. The firm, which announced the relocation on Wednesday with its earnings report, already has executives based there, as the city was home to the previous headquarters of Foot Locker’s sister brand Champs.

The city has been “a center of gravity for Foot Locker for a long time,” Chief Executive Officer Mary Dillon said in an ...