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Home   About   Membership   Resources   Government Affairs   Meetings & Events Jul. 17, 2012


Pawnshops are going upscale for affluent clients
The Arizona Republic via USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawnbrokering might be associated more with dingy storefronts cluttered with junk and customers desperate to scrape up enough cash for groceries or rent. But the recession, credit crunch and slow economic recovery have hit Americans up and down the socio-economic ladder, and that has created an opportunity to serve a more high-end clientele for firms. "We're seeing an increase in these kind of stores in Beverly Hills and other affluent neighborhoods," said Emmett Murphy, a spokesman for the National Pawnbrokers Association. "People in all walks of life are in need of short-term credit." More



National Pawnbrokers Association announces the 2012 Future Business Leader Scholarship awards
PRWeb via The San Francisco Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The National Pawnbrokers Association (NPA) is pleased to announce the recipients of this years Future Business Leaders Scholarships. Six students were selected to receive a $1,000 scholarship. Dana Meinecke, executive director of the National Pawnbrokers Association continues to emphasize the importance of giving back to you communities. "The Future Business Leaders Scholarship has awarded $106,000 since it's inception in 2003," Meinecke said. "The NPA motto reads, 'Although the children in our country represent less than 25 percent of the population, they are 100 percent of the future!' " More

Pawnshop family keeps the banter going
The Detroit News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It's hard to believe "Hardcore Pawn" has been on the air since 2009, but it has. And if Les Gold, who owns American Jewelry and Loan in Detroit where the show takes place, has his druthers, the reality series will be on for years. More

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Georgia pawnshop makes plans for Marietta
The Marietta Daily Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Cruchelow Jewelry and Loan, the pawnshop forced out of a Kennesaw, Ga., shopping center in recent weeks, apparently plans to set up shop in Marietta, Ga. Marietta granted a business license effective July 1 for the store. When a reporter visited the shop, there was no sign the store opened yet. More

2012 gold price forecasts cut further; silver flounders
The Economic Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gold experts have further cut back price forecasts for the metal this year after a sluggish first half, a quarterly Reuters poll showed, while gains in the dollar and a dearth of physical demand are likely to clip any attempted return to last September's record high for the rest of the year. The precious metal is still on track to post another record-breaking average in 2012, extending its bull run into a twelfth year as ultra-loose monetary policy in key economies keeps interest rates at rock bottom. More



Is Spring Lake, NC, pawnshop Guns Plus ready for TV stardom?
The Fayetteville Observer    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Life is settling back to normal at Guns Plus. At least, for the time being. The Spring Lake, N.C., pawnshop, which specializes in all manner of weaponry, is the setting for "Combat Pawn," a new reality show on TruTV that debut July 15. "I think we're back to business as usual," said store owner Chris Hatley. "I don't want any of my guys' heads to get too big." More

Pawnshop tips: How to find and sell true treasure
ABC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
How do you uncover cold hard cash hiding in plain sight? One of Lara Spencer's new favorite "Good Afternoon America" segments "So Not Junk" shows you just that. TruTV's "Hardcore Pawn" stars, Les Gold and daughter Ashley Broad, are professionals at uncovering the hidden value in items most people consider junk. Gold is a third-generation pawnbroker and owner of American Jewelry & Loan in Detroit. His daughter has been involved with the family business since she was only seven years old. More
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Salem, NH, pawn slip ordinance challenged
The Eagle Tribune via The Keene Sentinel    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Some call it a steal" — buying items through pawnshops at a very low price. But to Deputy Police Chief Shawn Patten, the word has a different meaning. Thousands of items are sold each year to Salem, N.H.,'s 21 pawnbrokers, including many that are stolen, Patten told community leaders. More

Short on cash? Luxury pawnshop Borro loans $10,000 to $1 million
Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Since 2008, London-based luxury pawnshop Borro has helped broker more than 20,000 short-term loans to asset-rich, cash-poor folks, using "toys" as collateral. Now Borro is bankrolling New Yorkers (and neighbors), and its founder and chief executive, Paul Aitken, says he plans to open a California outpost by year-end. More



Thrift and pawnshops thrive despite economy
WBND-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
VideoBrief
While some people flock to stores just like Goodwill, others try to make some more money by going to stores like Worldwide Jewelry and Pawn in South Bend, Ind. "If you need $20 bucks to get through the week to finish off your week, it's really difficult to go to your bank and get $20 bucks, so they just come to us and we help them get to work the rest of the week or the month" said Manager Lisa Rodas.
More

Hardcore Pawn breaks out in Season 6 with 2.5 million premiere viewers
HULIQ    Share    Share on FacebookTwitterShare on LinkedinE-mail article
truTV has a breakout hit with Hardcore Pawn. In its sixth season, the season premiere attracted more than 2.5 million viewers—33 percent over the Season 5 premiere. More

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People turning to pawnbrokers in London to free-up cash
QCK    Share    Share on FacebookTwitterShare on LinkedinE-mail article
People are increasingly turning to U.K. pawnbrokers to cash in valuable possessions that they bought prior to the financial crisis in 2008, at the height of the consumer boom. More


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NPA Weekly NewsBrief
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