Foot Locker, after being purchased earlier this year by Dick\u2019s Sporting Goods, will no longer move its corporate headquarters to St. Petersburg.\u00a0<\/p>\n
The company\u2019s decision was disclosed to St. Petersburg City Council members Wednesday in a memo from James Corbett, the city\u2019s development administrator.<\/p>\n
In the memo Corbett writes that after Foot Locker\u2019s $2.4 billion sale to the Pittsburgh retailer, the company \u201creevaluated its corporate strategy and decided not to move forward with relocating its global headquarters\u201d to the city.<\/p>\n
Dick\u2019s did not respond to a request for comment late Thursday.<\/p>\n
Corbett also writes that the nearly $500,000 in incentives promised to Foot Locker to lure them here, \u201cwill remain unexpended and available for future qualified projects.\u201d\u00a0<\/p>\n
\u201cThere is no fiscal impact to the city,\u201d he writes.<\/p>\n
St. Petersburg had loudly \u2014 and proudly \u2014 touted the company\u2019s decision to move its corporate offices after the move was announced August 2024. It was seen by many as another example of a major company choosing the city over better known corporate hotspots.\u00a0<\/p>\n
That day, Mayor Kenneth T. Welch called the global retailer\u2019s decision \u201can investment in the promise of St. Pete\u2019s culture, workforce, and local economy.\u201d<\/p>\n
A few months later, on Nov. 22, 2024, Welch met with company employees at a reception in the city. Then in March, it was announced that Foot Locker leased an 110,998-square-foot space in the city\u2019s Carillon Business Park and executives had been visiting the city.<\/p>\n
Welch did not comment Thursday.\u00a0<\/p>\n
But questions about whether the move would happen began almost immediately after the sale to Dick\u2019s closed, when neither it nor Foot Locker would respond to questions about whether the move was still on.\u00a0<\/p>\n
As part of the sale, Dick\u2019s did not retain Foot Locker CEO Mary Dillon \u2014 who championed the move to St. Petersburg \u2014 and named Dick\u2019s Executive Chairman Ed Stack to head Foot Locker\u2019s global operations.<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Foot Locker, after being purchased earlier this year by Dick\u2019s Sporting Goods, will no longer move its corporate…\n","protected":false},"author":2,"featured_media":46019,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":["post-46018","post","type-post","status-publish","format-standard","has-post-thumbnail","category-st-petersburg","tag-st-pete","tag-st-pete-headlines","tag-st-pete-news","tag-st-petersburg","tag-st-petersburg-headlines","tag-st-petersburg-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/46018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=46018"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/46018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/46019"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=46018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=46018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=46018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}