Foot Locker is relocating its headquarters from Manhattan to St. Petersburg, Florida, signifying a shift towards a growing trend of companies moving from high-cost areas to more business-friendly environments.
Chief executive Mary Dillon mentioned the move as a strategic decision, emphasizing St. Petersburg's meaningful executive and commercial presence, while indicating that Foot Locker will maintain a limited presence in New York.
The relocation to St. Petersburg aligns with broader trends, as numerous companies have migrated their bases to Florida, attracted by factors like cost of living and tax benefits, especially post-pandemic.
Foot Locker will join Jabil and Raymond James as Fortune 500 companies in St. Petersburg, reflecting Florida's rising appeal to large corporations seeking new headquarters.
[
Collection
]
[
|
...
]