Foot Locker will no longer move its headquarters to St. Petersburg, Florida after it was acquired by Dick’s Sporting Goods in September.
The company’s decision was disclosed to St. Petersburg City Council members last Wednesday in a memo from James Corbett, the city’s development administrator, according to a reports from the Tampa Bay Times and Florida’s Business Observer.
In the memo Corbett writes that following its $2.4 billion acquisition by Dick’s Sporting Goods, “the company reevaluated its corporate strategy and decided not to move forward with relocating its global headquarters to St. Petersburg.”…