Loading...
You are here:  Home  >  2012  >  July
Latest

Pawn Shops Doing Well Despite Struggling Economy

By   /  July 31, 2012  /  Pawn Shops  /  No Comments

Pawn shops

As the economy continues to struggle and many small businesses are failing, pawnshops are thriving. The pawn industry itself can act as a barometer for the economy. Scott Harvey, owner of Triple T Pawn and Flea Market reports that as factories in his local area have slowed down, he has seen more people at his [...]

Read More →
Latest

Cash America Cancels Unit IPO and Sees Shares Slide

By   /  July 29, 2012  /  Pawn News  /  No Comments

CashAmericaShares

Cash America canceled a $500 million initial public offering of its Enova International Unit on Wednesday.  With warnings of a disappointing full year, shares slid 20 percent.  The company cited volatile markets as the reason for pulling the IPO and reported pawn lending faced weak demand in the second quarter. In a statement the company [...]

Read More →
Latest

Ramadan Increases Jakarta Pawnshops’ Profits

By   /  July 29, 2012  /  International Pawnbrokers  /  No Comments

ramadan

Ramadan is a heavy spending month in Indonesia.  With the Idul Fitri holiday which marks the end of Ramadan just three weeks away, people are flocking to pawnshops in Jakarta to sell gold, jewelry, cars and other items.  Customers turn to pawn stores for a variety of reasons.  Some use it to pay for their [...]

Read More →
Latest

Stan Tidwell Named “Pawnbroker of the Year”

By   /  July 26, 2012  /  Pawn News  /  No Comments

Pawnbroker of the Year

Stan Tidwell was named “Pawnbroker of the Year” at an award ceremony held July 17th at the 2012 Pawn Expo held in Las Vegas at The Cosmopolitan.  The NPA Pawnbroker of the Year award is given annually to an NPA member who has made accomplishments nationally for the pawnbroking industry. Tidwell’s selection was unanimous.  The [...]

Read More →
Latest

China to Launch Gold Trade on Local Market

By   /  July 24, 2012  /  Gold Price, International Pawnbrokers  /  No Comments

ChineseGoldTrade

China is set to start trading precious metals.  The country has introduced a “market maker” system with transactions done on an over-the-counter basis compared with the exchange-based pricing mechanism. China’s aim is to become a major gold trading center.  Draft rules released by China’s Shanghai Gold Exchange will include spot, forward and swap contracts for [...]

Read More →
Latest

How the Financial Crisis will cause Gold to Erupt

By   /  July 24, 2012  /  International Pawnbrokers  /  No Comments

FinancialCrisis

In the last 11 months every single fundamental factor in the world economy has deteriorated.  The euro-zone countries are unlikely to recover, the UK is only better off because they can print money and the U.S. in rough shape as well only many haven’t noticed with the euro-zone troubles going on. Japan has massive debts [...]

Read More →
Latest

High Gold Prices Have a Negative Effect on Pawn Businesses

By   /  July 24, 2012  /  Gold Price, Pawn Shops  /  No Comments

GoldPriceNegativeForPawn

While the rising value of gold has boosted business for many, some pawn shops are feeling the negative effects as well.  Over the last few years traditional jewelry stores and cash for gold shops have seen their sales increase by 10-40%, but the skyrocketing prices have produced some negative side effects for pawn shops according [...]

Read More →
Latest

Pawn Shops Feel the Effects of Lower Gas Prices

By   /  July 19, 2012  /  Pawn Shops  /  No Comments

PawnGasPrices

Low gas prices have pawn stores and payday loaners feeling the pinch, which has experts tightening second-quarter earnings estimates.  A 50 cent per gallon decline in the price of gas gives household disposable income about a 0.5% boost, and with the price of regular unleaded down 60 cents since April, consumers will be seeing that [...]

Read More →
Latest

Pawnbrokers’ Broad Skill Set

By   /  July 18, 2012  /  Pawn News  /  No Comments

PawnbrokerSkills

In recent years the unique set of skills employed by pawnbrokers has made for several interesting and popular reality TV shows.  This unique skill set includes assessing the worth of items, reading people, negotiation, banking skills and community investment.  Pawnbrokers’ inventory is unpredictable and they need to be able to assess a wide variety of [...]

Read More →
Latest

Pawn Master Company Seeks to Expand Business

By   /  July 18, 2012  /  Pawn News  /  No Comments

PawnMartExpandsBusiness

Developer of pawnshop management software PawnMaster, Data Age Business Systems announced that it would be taking measures to grow its company. In the last four years the company, whose goal has been to grow and strengthen its leadership role in the pawn industry, has experienced double-digit growth.  The U.S. pawn industry is comprised of around [...]

Read More →