London Fashion Week is one of the main events on the world’s fashion stage. The event is commissioned by the British Fashion Council and funded by many corporate sponsors. With major investment and over 5,000 visitors in attendance and a whopping £150m in orders over the week it is certainly the key date for the fashion diary.
There are 60 catwalk shows on the official schedule as well as further 45 further schedule and more than 30 on-schedule presentations and salon shows. Whilst the elite of the fashion industry are placing their order books it is also satisfying that the UK high street is at it’s most buoyant for the last 10 years.
Alternative funding for retail stores arrived on our shores in 2009 and since then has gained traction and confidence with small SME retail outlets embracing the service gradually. It’s only really been over the last 12 months that the product has taken off leading to an upsurge in the awareness of the product.
During London Fashion week we are expecting many more retailers to consider alternative funding especially through PDQ and ePDQ card terminals. The unsecured loans are versatile and work with your cashflow. If your retail sales are low, you pay back less. If you have a good month you pay back earlier. Retail owners are in a great position to grow their business starting today. We just need to spread the word to the options available to them.