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The return of the pawnbroker
BBC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
After half a century as a pawnbroker, Josh Fish has heard it all: "One day a lady put her head around door and said, 'I promised to take the kids to the cinema, please loan us the money'. I refused and she called me all the names under the sun," he says. "The next morning she turned up again and said, 'Thanks Josh, the horse lost'. We know our customers in a way banks just don't." He is the fifth generation Fish to run the family business, which was founded in 1830. When he started work, back in the 1950s, the pawnbroking industry was quietly dying. Now he is seeing it grow at its fastest rate in more than a century. More
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Video: Pawnbroker shops prospering in difficult times (BBC News)




Pawnshops became holiday-shopping destination
MarketWatch via Richmond Times-Dispatch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Consumers are being drawn away from major retailers by a growing crop of competitors: pawnshops. From Las Vegas and Los Angeles to Orlando, Fla., pawnshops appear to have shed their stigma and become a holiday-shopping destination. "We are seeing good traffic for the holiday season," said Dennis Weese, chief operating officer of publicly traded Cash America International Inc., which has 800 stores in 23 states. "We have a broad spectrum of customers that come in for the holidays." More

TruTV's 'Hardcore Pawn: Chicago' gives network best launch ever
Hollywood Reporter    Share    Share on FacebookTwitterShare on LinkedinE-mail article
"Hardcore Pawn" is no one-trick pony. The TruTV series' Chicago-based spinoff premiered to record numbers. The first episode pulled in 2.1 million viewers at 9:30 p.m., just beating the previous network record of 2 million set by "Hardcore Pawn" in 2010. More

Gold is on a 12-year hot streak
The Associated Press via Business Insider    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gold prices edged higher after President Barack Obama said that a budget deal to avoid the "fiscal cliff" was in sight, if not yet complete. The advance capped a 12th consecutive year of gains. February gold rose $19.90, or 1.2 percent, to $1,675.80 an ounce. More

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4 predictions for small business finance in 2013
FOX Business    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Small business owners face a New Year filled with uncertainty as 2013 begins. The Federal Reserve predicts the economy to grow at a rate somewhere between 2.1 and 3 percent in 2013. That's better than the GDP growth rate we experienced in the first half of 2012, but not what we need to turn the economy around. Startups and growing businesses create most of the country's private sector jobs and continue to play an important role in the American economy. Securing financing became easier in the past 12 months, but companies must still be diligent in preparing to obtain capital. More

Homeless men rescue Cincinnati pawnshop owner from brutal attack
The Cincinnati Enquirer    Share    Share on FacebookTwitterShare on LinkedinE-mail article
David Hale was walking to the main branch of the public library on downtown Cincinnati, Ohio, when he saw a man approach pawnbroker Gary Wagner at an ATM. "He put his arm around his neck and took him to the ground," Hale said. "He started punching him. That's when I ran over and got in between them, trying to separate them." Chad McClain heard Wagner scream for help and joined Hale’s efforts. More

The eBay of pawnshops?
Crain's Chicago Business (blog)    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Would mainstream consumers flock to pawnshops if the stores were a little less shady? Definitely, says George Souri, of Chicago-based private equity firm Atria Group. "With traditional pawnshops, let's face it: There's a stigma attached," said Souri, who recently led a group of investors in launching Ultrapawn. "People aren't comfortable, so there's an underserved consumer market." Ultrapawn, which involves both online and bricks-and-mortar components, targets customers used to shopping at Bloomingdale's and Nordstrom. More

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6 simple rituals to reach your potential every day
Fast Company    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Becoming and staying productive isn't about hard-to-follow programs or logging your every move in an app. It's about self-care. Here are daily to-dos to get you started. More

Is your neighborhood pawnshop reputable? Bakersfield, Calif., officials ID some
Bakersfield Californian    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sheriff's officials recently released more details of their recent crackdown on second-hand goods shops, including the names of those that have been following the law. The Kern County Sheriff's Department described a two-day operation during which it found that only 14 of 50 shops checked were licensed and following the laws regulating such outfits. More
 
 


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