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Home   About   Membership   Resources   Government Affairs   Meetings & Events Feb. 12, 2013
 
 
 


Pawn that Prada at Pawn America?
Minneapolis Star Tribune
There's a new player in town on the high-end fashion resale circuit: Pawn America, where you can now swap last season's Coach bag, too-tight True Religion jeans or barely worn Kate Spade pumps for cash. Pawnshops have been polishing their image over the past several years, aided by the recession, when even upper-class snobs were trading in cherished belongings, and the reality TV shows "Pawn Stars" and "Hardcore Pawn." Now the Minnesota-based chain Pawn America is expanding its inventory in some stores to include designer clothing and accessories, aiming to compete with such upscale resale shops as June, Fashion Avenue and Rodeo Drive.
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H & B Jewelry & Loan, Oregon's oldest pawn business, expands
The Oregonian
Oregon's oldest pawn business has opened a shop in Hillsboro. H&B Jewelry & Loan, which has two stores in Portland, has been passed on from father to son for three generations. President Marc Tobin, who has run the store since 2007, said he chose to expand to Hillsboro because the Portland stores were attracting many customers from Washington County.
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Video: Owner of Max Pawn appears on 'The Morning Blend'
KTNV-TV
Michael Mack, owner of Max Pawn in Las Vegas, recently appeared on "The Morning Blend." He discussed how his shop is hosting its first benefit for The Shade Tree and Noah's Animal House. See how you can get some sweet deals and help a great cause.
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Sacramento, Calif., pawnshop owner survives being shot in the face
KXTV -TV
VideoBrief
The owner of a downtown Sacramento, Calif., pawnshop is recovering after he was shot in the face during an attempted robbery last month. The bullet pierced Jesse Figueroa's right cheekbone. "I was just shot in the face; at gun point robbed," Figueroa recounted. "That's about it."

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Wisconsin: Scales used by metal buyers are mostly accurate
The Associated Press via Milwaukee Journal Sentinel
State consumer protection officials surveyed nearly 130 scales used by Wisconsin precious metal buyers and found they were accurate most of the time or had errors in the seller's favor. With the value of gold rising recently, more people with unwanted jewelry are taking it to precious metal resale shops.
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Secrets of the jewelry industry: What your jeweler won't tell you
Yahoo Finance
VideoBrief
Nearly 20 percent of Americans will give jewelry to loved ones on Feb. 14, spending more than $4.4 billion on diamonds, gold and silver according to the National Retail Federation Valentine's Day Consumer Intentions and Actions Survey. But gift buyers need to ask certain questions before they splurge on diamonds, rubies and other gemstones says Antoinette Matlins, an internationally recognized jewelry expert and author of many books including Jewelry and Gems: The Buying Guide. In an interview with The Daily Ticker she discusses the most alarming trends in the jewelry business and how consumers can protect themselves.

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Gold prices tick higher, thin trade exaggerates moves
The Economic Times
Gold shrugged off a weaker euro to edge up on Monday, with thin trade due to the Lunar New Year break exaggerating movements, while platinum and palladium hovered below their strongest levels in 17 months.
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Union County, NC, ordinance requires pawnshops to take customer's photo
WCNC-TV
Some business owners in Union County, N.C., are worried that new rules designed to protect victims of crime will drive customers away. A new ordinance requires that pawnshops, cash converter businesses, and scrap metal yards take a photo of every customer selling an item.
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New pawnshop in Coldspring, Texas, offers loans, deals
Cleveland Advocate
A new pawnshop recently opened in Coldspring, Texas, that offers discounted merchandise and loans of up to $1,300. Jack's Pawnshop opened in January and is the latest venture of Jack Michael, owner of Coldspring Auction Services. Michael explained that the pawnshop became a natural extension of his auction business. He needed more items to sell and he also wanted to provide more services to the community by offering loans.
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Proposed changes hard sell for pawnshops in Georgia community
Forsyth County News Online
Pawnshop owners voiced opposition to proposed changes and additions to Forsyth County, Ga., regulations during a recent commission meeting. The measures are aimed at recovering stolen goods and deterring thieves. The "most substantive changes" under consideration include requiring electronic filing of a daily report and taking digital photos and fingerprints of sellers, said County Attorney Ken Jarrard.
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TRENDING ARTICLES
44 percent of US families live week-to-week (UPI)
Rare $1,000 bill on 'Pawn Stars' becomes Old Man's keepsake (Las Vegas Sun)
Neighbors show support for wounded Sacramento pawn shop owner (KXTV-TV)
The rise of online pawnshops (The Huffington Post Canada)
Las Vegas: Meet the 'Pawn Stars' and donate to charity too (Los Angeles Times)

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NPA Weekly NewsBrief
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