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Home   About   Membership   Resources   Government Affairs   Meetings & Events June. 21, 2011

It's a hot time to be a pawn star
Newsweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A 23-year industry veteran with a pair of pawnshops in suburban Chicago, Lee Amberg says he could tell as far back as 2006 that hard times were coming. "Suddenly we saw our demographic expanding," he says. "We had more customers coming to us from middle-class communities and even upper-middle-class communities. We saw the erosion of the economy before you were even reading about it." Except, who listens to a pawnbroker? "We have our thumb on the true pulse of the economy," Amberg says with a sigh, "but we're laughed at or ridiculed because we're in the pawn business." More

Saints player recovers stolen Super Bowl ring from Florida pawnshop
WVUE-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
New Orleans Saints linebacker Stanely Arnoux has his stolen Super Bowl XLIV ring back. Miami pawnbroker Alberto Iturrey says he paid $1,200 to a customer for the $30,000 ring, but it did not take long for him to figure out who the ring belonged to.

Can pawnshops go mainstream?
MSN Money    Share    Share on FacebookTwitterShare on LinkedinE-mail article
First the popular "Pawn Stars" on the History Channel, now some serious financial backing as Internet Pawn, which reported making about 1,000 loans worth $1.4 million since it was founded in 2009, has been turned into Pawngo. There's definitely a market.  More

Betting on racino: New pawnshop open for business near New York's Aqueduct
The Daily News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The first bet has yet to be laid down at New York's Aqueduct racino, set to open in late summer. But one spinoff business already has set up shop in anticipation of when customers' hot streaks run cold. Amit Verma, owner of the pawnshop Nassau Buyers said he's anticipating a flurry of business once Resorts World New York opens. More

San Diego pawnshop purchases rare Van Cleef & Arpels jewels
Diamond News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
San Diego Jewelry B uyers has announced an extraordinary new jewelry purchase. The luxury pawnshop has acquired a rare and stunning Van Cleef & Arpels pendant and matching earrings. The hand-crafted platinum set features multi-carat flawless and internally flawless diamonds and pear-shaped mixed-cut emeralds. More


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Backhoe used in pawnshop theft
4029TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Cooper's Pawn Shop in Fort Smith, Ark., was broken into recently around 4:30 a.m. Police said officers found a backhoe had been used to break through the front doors of the business. The burglar stole a tractor and aligned the backhoe straight into the front doors of the shop. More

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Sioux Falls, SD, defers action on pawnshop database registration
Argus Leader    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Sioux Falls City Council voted to defer a vote on a controversial ordinance that would require pawnshop and secondhand store owners in this South Dakota community to register the purchases in a national database that would be accessed by law enforcement officials. Pawnshops already are required to enter each item they buy in a database that links to a national list of stolen property. But police say other businesses haven't been required to do the same. More

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Alabama woman arrested after pawning a leased laptop
WAFF-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The arrest of a Hartselle, Ala., woman on theft charges is exposing a growing problem for Decatur, Ala., police — people getting items from a rent-to-own company then selling or pawning them. Police officials want people to know that they're working with these rent-to-own companies as well as local pawnshops to crack down on the practice. More

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UK pawnbroking chain receives 2 major awards    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawnbroking chain Ramsdens, located in North East England, has been awarded two prestigious awards for its success last year. The recognition was the result of the company's inclusion in both the Sunday Times Virgin Fast Track 100 companies and in the Top 10 of the Sunday Times PwC Profit Track 100. More

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Gold rises as stalled greek debt plan renews demand for a haven
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gold futures rose for the fifth straight session as negotiations for a Greek bailout stalled, boosting the appeal of the precious metal as an investment haven. Equity markets fell in Europe after the continent's finance leaders said further aid to Greece is dependent on the country enacting austerity measures including asset sales and budget cuts. Gold priced in British pounds reached a record. More

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