Loading...
You are here:  Home  >  'pawn business'
Latest

Pawn Shops: New Image for an Old Industry

By   /  July 30, 2013  /  Pawn Shops  /  No Comments

pic9

The pawn business has experienced significant growth in the past few years, but the industry has been around for thousands of years. Pawnbroking goes as far back as 3000 years in history with pawn shops in Imperial China.  They were common in ancient Greece and Rome as well.  Queen Isabella of Spain is believed to [...]

Read More →
Latest

Will Low Gold Prices Slow Pawn Business?

By   /  April 18, 2013  /  Pawn News  /  No Comments

pic6

Gold prices have hit a three-year low, and the effect on business for many pawnbrokers is significant.  “When gold goes down, we are less busy,” says Scott Simon whose family owns 18 pawn shops in Long Island and Queens.  While some have chosen to liquidate their gold holdings before prices drop even further, many more [...]

Read More →
Latest

Pawn Business Remains a Growth Industry

By   /  April 18, 2013  /  Pawn Shops  /  No Comments

pic5

In a down economy, the pawn business remains a growth industry.  Pawnbroker Greg Twarowski owns America’s Super Pawn, a chain of three stores.  He says sales are up significantly from 2012 with a 25% increase in two of his stores.  Twarowski wasn’t satisfied with the growth and opted to open a new store instead.  Carats [...]

Read More →
Latest

Pawnbroker Provides Service Banks Can’t

By   /  April 2, 2013  /  Pawn Shops  /  No Comments

pic13

At 82 years old, Bob Cooper has been in the pawn business for a long time.  He runs the shop with his son and the help of various family members, and for the Coopers their business is about helping people who are strapped for cash by providing small, short-term loans banks can’t.  “I have customers [...]

Read More →
Latest

Hong Kong Pawn Shop Moves into Mortgage Lending

By   /  March 16, 2013  /  International Pawnbrokers  /  No Comments

pic9

Oi Wah Pawnshop’s IPO was small at just HK$98 million, but it attracted the attention of investors.   The IPO was oversubscribed by 1,085 times and shares surged 34% on the first day of trading.  As the broader markets fell yesterday, however, Oi Wah shares also plunged almost 7 percent.  For 37 years the company has [...]

Read More →
Latest

Pawn Chain is Expanding after a Good Year of Business

By   /  February 11, 2013  /  Pawn Shops  /  No Comments

pic1

Oregon’s oldest pawn business is expanding after improved business in 2011.  H&B Jewelry & Loan distinguishes itself from other pawn stores by focusing on high-end jewelry and precious metals and stones, in addition to other quality merchandise.  The chain has been passed on from father to son for three generations and aims to avoid the [...]

Read More →
Latest

SOE Ministry wants Calls for Regulations to Indonesian Pawn Industry

By   /  January 28, 2013  /  International Pawnbrokers  /  No Comments

pic14

An official at the State-Owned Enterprise Ministry has called for the Financial Services Authority to regulate Indonesian pawnbrokers.  According to Gatot Trihargo, acting deputy for services at the SOE Ministry, there was only one broker in the past, Pegadaian, and so there are currently no government agencies monitoring such businesses.  In fact, Perum Pegadaian was [...]

Read More →
Latest

Upscale Pawn Shops Cater to the Wealthy

By   /  January 12, 2013  /  High End Pawn  /  No Comments

pic3

The wealthy are increasingly looking outside their traditional means of finance and visiting the local pawnshop.  The pawn industry in recent years has changed its image and by offering short-term cash with speed and discretion has begun to target a more mainstream and wealthy clientele.  Industry analysts are surprised by the growth of the higher-end [...]

Read More →