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NPA Weekly NewsBrief
Aug. 19, 2008  
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It Takes a Golden Touch to Buy, Sell Used Jewelry
from Arkansas Democrat Gazette

Douglas Braswell, owner of Braswell & Son, said he’s seen more and more people hawking their jewelry — 40 to 60 people a day compared with five or six a year earlier. Gold is traded on a division of the New York Mercantile Exchange, where the market price is set for the precious metal. More



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The Pawn Shop Business is Picking Up
from PBS
While business for retailers is slowing, some other sectors are picking up steam. The pawn shop industry is undergoing a surge in popularity as Americans rush to sell their treasures or borrow against their value. More

Behind the Counter: Pawnbroker Takes on Misconceptions
from The Tacoma News Tribune
Stewart Rowland has been in the pawnshop business for 22 years. He started working in a Ponders Corner pawnshop in Lakewood, Wash. when he was just 16. He stayed there for 19 years, then bought his own shop, Pawnbrokers Northwest just a few doors down. Rowland has been in business long enough to have seen several ups and downs in the economic cycle. More

Construction Workers Are Pawning Tools
from WECT-TV6
When it comes to the slow economy, businesses large and small are suffering. And that's certainly true in the construction field. At Pawn U.S.A. off Carolina Beach Road in Wilmington, N.C. the shelves offer the usual variety of merchandise, but the owners say the tools are overflowing. In general they have about four times the amount of construction merchandise. More

   Product Showcase: Pawnguard

The PawnGuard has 35 individual drawers. It takes time to open each one, and they can only be opened one at a time. With time-delay enabled, it takes even more time between drawers. The bad guys depend on fast, lucrative and small targets, and that's why jewelry is a primary target. And that's why PawnGuard keeps you protected. It takes time. More info



Pawn Shops Gaining Popularity in Tough Economic Times
from WVBT-TV
Linda Bress, co-owner of Bress Pawn Shop in Norfolk, Va., says her business has jumped at least 50 percent in the last year, mostly from people buying and selling gold. Bress says you can save about 50 percent on jewelry by going to a pawn shop, versus a traditional retailer. More

Ezcorp Abandons Value Financial Acquisition
from The Associated Press via Forbes
Pawn shop chain Ezcorp Inc. said last week it was abandoning its efforts to acquire Value Financial Services Inc. after the privately held company said it was terminating the deal. Value Financial, the nation's largest privately held pawnshop operator, notified Ezcorp executives that it planned to terminate the two-month-old acquisition agreement. More

What Small Business Owners Need to Know About 401(k)s
from U.S. News & World Report
Running a small business can be a life-consuming process, so sometimes small-business owners miss the forest for the trees. Maybe that's why only about 16 percent of businesses with fewer than 50 employees in the United States have 401(k) plans. More

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Idaho Falls Pawn Shops May Be Required to Keep Extra Records
from KPVI-TV
The Idaho Falls Police Department is asking city leaders to consider an amendment to the city’s pawnbroker ordinance. This would make it mandatory for pawn shops to keep computer records of serial numbers of every item the shop buys or sells. Police say this will help them track down stolen property. More

Small Business Owners' Outlook Bleak
from Fortune Small Business via CNN
The National Federation of Independent Business' monthly Index of Small Business Optimism fell one point to 88.2 in July, continuing one of the longest strings of recession-level readings in the 22-year history of the survey. More




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