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Home   About   Membership   Resources   Government Affairs   Meetings & Events May 25, 2010

Pawnshop business booming in down economy
KDVR-TV    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Pasternack's Pawn Shops in Denver have been in Scott Pasternack's family since 1919. As you might imagine, he's seen a strange item or two come through his doors. "This guy walked in with a fake leg and pawned it off. He had to hop out of here," says Pasternack. Now, Pasternack is seeing something even new to him: unemployed customers who are pawning off high-priced items to start their own small business. "They can get the cash they need from a short-term loan and start a business or pay off their mortgage for the month." More

Sears, Kmart get in the gold buyback game
National Jeweler Network    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sears and Kmart stores are among the latest chain retailers to begin offering a formalized gold buyback program, with the stores now offering the services via their jewelry departments. According to a news release issued by Sears Holdings, the buyback program is being launched in conjunction with Pro Gold Network, a Madison Heights, Mich.-based purchasing, manufacturing and refining facility. Consumers looking to sell gold or silver items can pick up ProKits in the jewelry department of Sears and Kmart stores. More

Pawnshop clerk honors ashes of woman she never knew
The Columbus Dispatch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
No one ever drops into a pawnshop looking for a deal on a set of cremains. Too bad. For the past couple of years, Donna O'Dell, a clerk at Uncle Sam's Pawn Shop in Columbus, Ohio, has offered to give up a box of human ashes for a price not to be refused — free. "I've had Goldie for two years now," O'Dell said. "I was brought up to believe that you respect the dead as much as you respect the living. With my faith, I just don't believe that you can throw something like this out." More

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2 million complaints to banks, while pawnbroking on the ascendant
The Earth Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It has been revealed that at the end of last year, more than two million complaints were made to United Kingdom banks. The Financial Services Authority disclosed the staggering information, as pawnbrokers continue to celebrate increased interest in their industry due to the loss of trust consumers are feeling towards Britain's banks. More

Pawnshop owner new member of Irving City Council in North Texas
The Dallas Morning    Share    Share on
FacebookTwitterShare on LinkedinE-mail article
Roy Santoscoy and Mike Gallaway, Irving, Texas' newest City Council members, have a lot in common. Both own businesses in south Irving. Both are minorities elected May 8 to what had been an all-white council. Both are bald. The goals the men will bring to their first regular council meetings spring from a common vein of civility. Santoscoy, who owns Roy's Pawn Shop on Irving Boulevard, wants to build consensus amid controversy on a council whose meetings have often been marked by political discord. More

History Channel's 'Pawn Stars' meet fans in Port Charlotte, Fla.
Suite101    Share    Share on FacebookTwitterShare on LinkedinE-mail article
All it took was a phone call from Steve Duke, owner of Westchester Gold and Diamonds, to entice two celebrities of History Channel's Pawn Stars to visit Port Charlotte, Fla. More than 2,500 fans came out last week to the Southwest Florida pawnshop, some waiting more than half an hour, to meet Rick "The Spotter" Harrison and Austin "Chumlee" Russell. More

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Tucson, Ariz., city leaders pass pawnshop ordinance
KOLD-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Owners of pawnshops and second-hand stores will now have to reach deeper into their tills after city leaders have passed an ordinance, charging new fees. Businesses that conducted at least 1,000 transactions the previous year will have to buy a license for $1,000 from the city. According to the new ordinance, they must also buy a ticket for each transaction form, but unlike former proposals that would have required a ticket for each qualifying item listed on the form, all items would be included under the single document by the revised ordinance. That would cut the fee by at least one-third of earlier proposals.

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Why gun sales are faltering
Bloomberg BusinessWeek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The firearm industry marches to its own drummer. It thrives when manufacturers and retailers — together with the voluble National Rifle Association — convince heat-inclined consumers that tougher gun control is on the way. That paradox of declining gun sales in an era of relative gun friendliness was on display at the NRA's annual meeting in Charlotte, N.C. Keynote speaker Sarah Palin, during a raucous sold-out rally at the Time Warner Cable Arena, tried to stoke fears of regulatory oppression. Still, she conceded that President Barack Obama and his allies have avoided the gun issue. More

Ezcorp buys $8.2 million in Cash Converters International shares
Austin Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Austin, Texas -based pawn and loan giant Ezcorp Inc. has purchased 16.2 million shares of similarly-modeled Australian company. Ezcorp purchased the Cash Converters International Ltd. stock for about $8.2 million, assuming about 32.8 percent of the company's outstanding ordinary shares. The investment is the second time Ezcorp's bought into the company after buying a chunk of shares last November. More


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NPA Weekly NewsBrief
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