The Athlete's Foot Announces New $38 Million Line Of Credit With Wells Fargo Retail Finance

1 min read
Opinions expressed by Entrepreneur contributors are their own.

Atlanta-The Athlete's Foot recently announced the completion of a $38 million line of credit with Wells Fargo Retail Finance. This independent facility will provide working capital and assist in further expansion for the athletic footwear retailer.

The company plans to add 120 new franchise stores this year, 80 of which will be in international markets. The company recently added Mexico to its list of international locations and will open new stores in Europe, Australia, Asia and South America. Franchise growth in the United States is on track with new openings in markets such as Atlanta and Detroit.

"I am particularly pleased to report that The Athlete's Foot continues to experience record growth around the world," says Robert J. Corliss, the company's president and CEO. "Our relationship with Wells Fargo Retail Finance is important in helping The Athlete's Foot expand and secure our position as the world's definitive expert in athletic footwear." -The Athlete's Foot

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Related Books

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

It Started As a Joke and Turned Into a Startup That Raised $1 Million in Funding