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Home   About   Membership   Resources   Government Affairs   Meetings & Events Aug. 3, 2010

Los Angeles shop owners credit 'Pawn Stars' for boosting business
Los Angeles Business Journal    Share   Share on FacebookTwitterShare on LinkedinE-mail article
The popular cable show "Pawn Stars" has done more than document the goings-on at a Las Vegas hock shop. It's been drumming up business at L.A. collateral lenders. The show, which has been a ratings hit for the History Channel since the third season started in June, focuses on the valuable historic oddities brought in for sale or hock — and the colorful characters who run the shop and authenticate the merchandise. Oren Charisky, owner of West Hollywood pawnshop La Jolla Jewelry, said he can thank the show for inspiring customers to pawn items ranging from a Civil War musket to a pipe once owned by Hugh Hefner. More

Pawnshops see new faces, different
Wichita Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Bruce Harris, owner of A-OK Inc., says his pawn, retail and loan business has nearly doubled during the recession. Harris says revenue at his business, which was $6 million in 2008, is up to $11 million. "We could do 20 (million dollars) by the end of the year," Harris says. He's also looking to add at least 20 more people to the 107 workers he has to help keep up with the growth. Its growth, he says, is being fueled by the recession, as more cash-strapped customers turn to his loan and retail services. More

'Pawn Star' honored in Vegas
KVVU-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawn Stars, the hit reality television series appearing on the History Channel, was recognized recently for it's accomplishments. Produced in Manhattan by Leftfield Pictures, the series is filmed in Las Vegas where it chronicles the daily activities at the Gold & Silver Pawn Shop, a 24-hour family business.

Haleyville, Ala.'s, Pawn Star
HBTV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Fran Bishop is regulated by 12 different government departments and her biggest worry is not shoplifting, it's the government pickpocket. Bishop owns Dollar Pawn and she's a founding member of the Alabama Pawn Brokers Association, a former President of the National Pawnbrokers Association, and currently serves as Government Relations Chair of the NPA, where she has the honor of lobbying our nation's legislators. She recently told the Rotary Club that the nationwide redemption rate is 80 percent. "We want people to redeem their merchandise," she said. Dollar Pawn holds items for 60 days before moving an item over to its retail operation. More

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The hottest new tour attraction in Las Vegas
NBC Los Angeles    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The hottest, newest tourist attraction in Las Vegas is not a posh hotel, or a hip nightclub, or even a sold out Vegas show. The most popular and most unexpected tourist attraction in Las Vegas is a pawnshop, but not just any pawnshop. Four of the most unlikely TV stars own and run "Gold and Silver Pawn," which also happens to be the setting of one of the biggest reality shows on TV.

The pawn business is good
WALB-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
One person's misfortune, may turn into a fortunate find for others. As the economy struggles to recover, many people are turning to pawnshops to make quick and easy money. Others are turning to them to find quality merchandise at a good price. At Dawson Road Pawn in Albany, Ga., TV's, guns, laptops and jewelry, are some of the hottest selling items.

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History in the making: Pawn power
Las Vegas Review-Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It has become the most unlikely tourist attraction in town. And if the notion of a pawnshop as a Las Vegas tourist draw seems odd, just think of the Gold & Silver Pawn Shop as a more populist version of the Liberace Museum, but with portraits of Jesus and Jim Morrison instead of the glittering pianist. On a recent, and very hot, morning, the parking lot of the shop looks like an expensive Dodge'em ride at a downscale carnival. Cabbies, tourists in rental cars and the occasional local fight for space. Visitors walk into and out of the store clutching bags containing T-shirts, bobbleheads and other swag to remind them of the time they visited the set of TV's hottest reality show. More

Cash or trash
KGPE-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Strapped for money; more and more Americans are searching inside their homes for items they don't really need, things they can pawn and turn into fast cash. James West, owner of Gateway Pawn Shop in Clovis, Calif., says business is booming. Folks are looking to make a buck and/or shop for a great deal. "Everything from electronics, to musical instruments, to jewelry to just about anything — comes through the door," West said.

New pawnshop opens in Zimmerman, Minn.
Star News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
What used to be Always a Deal in Zimmerman, Minn., is now the new location for A-Z Pawn. Andover resident Jerry Lewandowski is the store's owner and said the store opened in June. Growing up, Lewandowski said he got the idea to open a pawnshop since his father used to own one in East Bethel, and now owns A-Z Buy, Sell, Trade in Elk River, Minn. People have a number of choices when going to the pawnshop, they can either buy, sell, trade or take out a loan. More

La Grange, Ill., faces federal lawsuit over pawnshop denial
The Chicago Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail
The village of La Grange, Ill., and three community leaders have been sued in federal court by the bank and property management firm that worked unsuccessfully with a Berwyn businessman to open a pawnshop in downtown La Grange last year. Oxford Bank and Trust, with corporate offices in Oak Brook, and Fifth Avenue Property Management, with corporate offices in California, filed the lawsuit earlier this month is U.S. District Court in Chicago. They claim in the suit that their constitutional rights were violated when the village refused to issue Andrew Grayson a building permit and amended a zoning ordinance to exclude pawnshops following the public outcry that arose after the village had initially granted him a business license to operate All-Star Jewelry & Loan. More

State of economy reflected in pawnshop businesses
The Knoxville News Sentinel    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The economy may still be suffering through the current recession, but pawnshop managers say they see signs that it has improved in recent months. "We went through two solid years where we had an increase in loans. And I could see the construction business grinding to halt by all the tools on my sales floor," says Susan Sherrod, manager of Westside Pawn in West Knoxville, Tenn. More


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Gold rises as Euro strengthens
CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gold prices climbed in Europe as the euro firmed to a three-month high against the dollar and prices of other commodities like crude oil jumped on the back of rising equity markets. Simon Weeks, head of precious metals at the Bank of Nova Scotia, said gold had risen above the 100-day moving average at $1,183 an ounce on the back of currency moves and rising oil prices. "Next resistance is $1,200-$1,205," he said. More

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NPA Weekly NewsBrief
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