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Home   About   Membership   Resources   Government Affairs   Meetings & Events Apr. 3, 2012

Pawnshop boom
KVOA-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In this tight economy, with so many people getting denied for bank loans, pawnshop owners say more people are using personal possessions as collateral. A trend pawnshops in Tucson, Ariz., are seeing. The manager of USA Pawn and Jewelry, Corey McClellan says that since 2007 profits have doubled each year. He says it's result of a bad economy, and many Tucsonans are pawning and selling to make ends meet. More

'Cajun Pawn Stars' shines spotlight on Central Louisiana
Alexandria Town Talk    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The television industry certainly is buying the wares hocked by the Louisiana tourism industry these days. But who is the final beneficiary? Reality TV is a mainstay, and Louisiana residents have been getting their Warholian fame since Fox first aired "American Idol." The push to bolster tourism in the state has increased exponentially since Hurricane Katrina in 2005, and Central Louisiana now is getting its share of attention. Seven Louisiana-based reality shows are on major cable networks. Alexandria claims History Channel's "Cajun Pawn Stars," a half-hour program about the dealings of Jimmie DeRamus and his family at Silver Dollar Pawn Shop. More

Downed economy increases role of pawnbrokers
WPBN-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In this economy, getting a loan is not easy. That is why more and more people are turning to pawnshops, hoping they will play the role long held by neighborhood banks. At Ace Buyers in Traverse City, Mich., most costumers are not looking to sell items. Instead, they are offering collateral for a short term loan. More

Northern Colorado businesses mix, match security innovations to keep robbers away
The Coloradoan    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It's not unusual for gun stores or pawnshops selling guns to have a loaded gun readily accessible to the clerk. "What kind of bonehead would try to rob a gun store?" said Ray Steele, Jr., owner of Friendly Pawn in Loveland, Colo. "Most of the pawnshops sell guns. I guess it would stifle me." He said he has had no hold-ups since the store opened more than 30 years ago. Steele uses a series of cameras at his business that can be accessed on his iPhone at any time. More

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Ezcorp vs. First Cash Financial
Seeking Alpha    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Ezcorp. and First Cash Financial both operate in the pawnshop and pay day lend industry. When comparing the financial performance of the two companies it becomes obvious that pawnshops perform well in tough economic times. More

California Pawnbrokers Association launches grassroots campaign to support pawn industry statewide
PRWeb via The San Francisco Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The California Pawnbrokers Association launched a new call to action on the association's website at The launch is part of CAPA's recent steps to integrate grass roots campaigning platforms into their legislative efforts in Sacramento. More

Reward offered for robbers who tied up 3 women, stole $500,000 in merchandise from South Carolina pawnshop
Anderson Independent Mail    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Jim Sitzman is offering a large reward after two armed robbers took hundreds of thousands of dollars of jewels from his Jewelry Depot in Anderson, S.C. "Two young Hispanic men who came into my store traumatized my wife and my niece," Sitzman said. "They influenced my wife in a way no one should have to deal with." More

Northwoods Pawn opens shop in Wisconsin community
Wausau Daily Herald    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Residents are asking why Gary Reissmann would move his shop, Northwoods Pawn, from Eagle River, Wis.,to within a half-mile radius of two competitors in the Schofield-Weston, Wis., area. The answer is simple: There simply wasn't enough business during his three years in the Northwoods to keep the store profitable, he said. "I had to get where the gettin's good," he said. More

10 tips for pawnshop consumers
MSNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Do your research. Do some online research to see what others have said about working with area pawnshops. Then, choose a reputable shop and broker you feel comfortable with. To research pawnshops in the area visit This is one of 10 tips the Better Business Bureau says anyone should consider when looking for a pawnshop. More

Facing few options, Americans turn to pawn shops when savings run out
MSNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
When Aimee Mattera and her fiancé Lenny Maker's multimillion-dollar cable installation business closed, the couple quickly found themselves short on cash and decided to take loans from a pawnshop. Instead of heading to your typical pawnshop, they headed online to Pawngo, a digital pawnshop. More

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Guns and ammunition sales at an all-time high in Reno, Nev.
Reno Firearms Examiner    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Firearm and ammunition sales in Nevada are surging as several factors combine to get Reno buyers into the gun shops. A major manufacturer ceasing new orders to keep up with demand, post-SHOT Show offerings becoming available, anticipation of a president with an anti-gun agenda and gun ownership being at an all time high are among the reasons why demand is skyrocketing. More

New pawnshop rule targets stolen goods in Bedford, NH
Bedford Patch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Bedford Town Council in New Hampshire voted unanimously to approve a new pawnshop ordinance that aims to help police identify possible stolen goods. Police Chief John J. Bryfonski and Lt. Michael Griswold, appearing before the council, said the impetus of the ordinance was the regional exposure to residential burglaries. More

Chicago man gets 10 years for attempted robbery
at Gary, Ind., pawnshop    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A Chicago man who drove the getaway car for a group trying to rob guns from a Gary, Ind., pawnshop was sentenced to 10 years in prison. Lawrence Andre "P.J." Williams, who is in his late 20s, was 1 of 4 Chicagoans who tried to steal more than a dozen firearms from Jack's Pawn Shop. The employees had other plans. More


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Masked man robs Maple Ridge pawnshop in Metro Vancouver
Maple Ridge News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A man wearing a mask robbed a pawnshop in Maple Ridge, British Columbia. The man entered Common Exchange Pawn Brokers, pepper sprayed one employee in the face and smashed a glass display unit to steal jewelry from within. More

Gold edges up, eyes on currency market
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gold prices inched up in the first trading day of the second quarter, waiting for fresh cues from the currency market as investors digest data from China and the United States as well as developments in the euro zone. More

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