The Athlete's Foot Announces New $38 Million Line Of Credit With Wells Fargo Retail Finance
Atlanta-The Athlete's Foot recently announced thecompletion of a $38 million line of credit with Wells Fargo RetailFinance. This independent facility will provide working capital andassist in further expansion for the athletic footwear retailer.
The company plans to add 120 new franchise stores this year, 80of which will be in international markets. The company recentlyadded Mexico to its list of international locations and will opennew stores in Europe, Australia, Asia and South America. Franchisegrowth in the United States is on track with new openings inmarkets such as Atlanta and Detroit.
"I am particularly pleased to report that The Athlete'sFoot 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 importantin helping The Athlete's Foot expand and secure our position asthe world's definitive expert in athletic footwear."-The Athlete's Foot