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Home   About   Membership   Resources   Government Affairs   Meetings & Events June. 1, 2010

Pawnshops adjusting to economy, too
The News Tribune    Share   Share on FacebookTwitterShare on LinkedinE-mail article
The star of the 1964 movie, "The Pawnbroker," would likely not recognize a pawnshop 46 years later, where the price of gold has topped $1,200 per ounce, where a recession has depleted the number of buying customers and where, on the History Channel, a show called "Pawn Stars" has repainted the old gloom with a coat of glitz. "I think that was the stock Hollywood version of it that came from the movie — it was the sort of a place where unscrupulous people would come," said Emmett Murphy, spokesman for the National Pawnbrokers Association. Today, he said, pawnshops are "well-lit places. What we're seeing — people think pawn is cool." And pawnbrokers, he said, "are micro-finance lenders." More



Pawn Stars' Rick Harrison awarded "Pawnbroker of the Year" by the National Pawnbrokers Association
PR Web    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The National Pawnbrokers Association, the leading trade association representing the pawn industry, announced the nomination and unanimous selection of Rick Harrison, star of the History Channel's hit TV series Pawn Stars, along with the staff of Gold and Silver Pawn as NPA's "Pawnbroker of the Year" for 2010. The nomination stems from the overwhelming success of Pawn Stars, the History Channel's top rated show, which has dramatically improved the image of the modern day pawnbroker. More

The new touch-face of vending machines
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Vending machines in neon-splashed Tokyo have electronic eyes that evaluate customers' skin and wrinkles to determine whether they are old enough to buy tobacco. In bathrooms at upscale Canadian bars, vending machines with flat irons enable women to defrizz their locks. In Abu Dhabi, the lobby of a luxury hotel has a vending machine that dispenses gold bars and coins at more than $1,000 an ounce. More

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Pawnbroker chain back in the black
Crain's Manchester Business    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Cash Generator Ltd, the second-hand goods and pawnbroking chain in the U.K., is back in profit after reporting increased sales. The privately-owned business owns a small number of its own stores but operates mostly on a franchise basis. More

Big box pawnshop: Sell, buy or hock at new chain store
The Capital Times via Madison.com    Share    Share on
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Ryan Martin had never been in a pawnshop before so he wasn't sure what to expect when he entered the new Pawn America, carrying a Fender guitar amplifier to sell. But instead of walking into a dimly lit store in a seedy part of town, dealing with a guy behind iron bars wearing a visor, Martin was inside the former Circuit City big box in Madison, Wis., talking to a young woman in a white sports shirt. Martin ended up getting $200 cash for the amp, a good price considering he bought it used a year ago for $300. More



Survey: Gold may advance as European concern spurs demand
Bloomberg BusinessWeek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gold may advance as Europe's sovereign-debt crisis boosts the precious metal's appeal as a haven asset, a survey showed. Twenty-two of 26 traders, investors and analysts surveyed by Bloomberg, or 85 percent, said bullion would rise. Two forecast lower prices and two were neutral. Gold for delivery in August was up 3.4 percent at $1,215.50 an ounce at 11:30 a.m. in New York. More

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Need cash? Off to the pawnbroker
Toronto Star    Share    Share on FacebookTwitterShare on LinkedinE-mail article
"Please take a number off the wall and step into the booth," advises a sign near the back of McTamney's, the historic Church St. pawnbrokers in Toronto. The place doesn't smell like an old shoe, nor does it emit any Dickensian musk, though McTamney's has been at this location since 1916. The buy-and-sell business. There's that. And the pawnbroker business. More



Albemarle & Bond plans aggressive store openings next year
Retail Jeweller    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawnbroker and retailer Albemarle & Bond in the U.K., has announced an aggressive store opening plan for the next financial year 2011, cashing in on the current trend for consumers selling their gold. The company has announced its core business has grown 10 percent year-on-year and expects its 12 month results, due June 30, to be in line with its expectations. More

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Phuket pawnshops in Thailand were busy in April
The Phuket Gazette    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Government-run pawnshops in Thailand did a roaring trade last month in the run-up to the new school term that began in mid-May. More than 10,000 people pawned goods valued at over 200 million baht at the island’s three government-licensed pawnshops in April. The Phuket City Municipality Pawnshop currently has 247 million baht out on loan, while the Patong Municipality Pawnshop has over 100 million baht and the Cherng Talay Pawnshop has over 50 million baht. More



Pawnshop permit OK'd
Watertown Daily Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Watertown Plan Commission in Wisconsin granted a conditional use permit to the owners of a proposed pawnshop. Travis Schlender and Brad Stewart, owners of the planned pawnshop were granted the permit under the condition they follow amendments to the pawnshop code that are currently being considered by the Watertown Common Council. The biggest amendment to the code involves a provision that requires all secondhand dealers, secondhand jewelry dealers or pawnbrokers in Watertown to electronically report most items that were purchased or received with the Northeastern Wisconsin Property Reporting System computer program. More

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