Bloomberg
Japan’s resale market for luxury brand goods is worth almost 200 billion yen, according to a government report. Yahoo Japan Corp.’s auction website is dominant, but there’s plenty of competition. Mercari Inc. became Japan’s first startup unicorn with a marketplace app, and even EBay Inc. is returning to the market.
Visit https://www.bloomberg.com/news/articles/2018-03-21/used-louis-vuitton-bags-propel-japanese-pawn-shop-startup-to-ipo to view the full article online.
AP
Remington, which as roots dating to 1816, has lined up $100 million with lenders to continue operations. It remains unclear what will happen to its 3,500 or so employees as it reorganizes.
Visit http://abcnews.go.com/Business/wireStory/us-gun-maker-remington-files-bankruptcy-protection-54010621 to view the full article online.
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Associated Press
Police in the suburban St. Louis town of Arnold are investigating after a pawn shop employee fatally shot a man suspected of trying to rob his store.
Visit https://www.usnews.com/news/best-states/missouri/articles/2018-03-23/police-pawn-shop-worker-fatally-shot-suspected-robber to view the full article online.
KOB 4
Employees at a pawn shop in northeast Albuquerque are on high alert after a drive-by shooting in broad daylight earlier this week.
Visit http://www.kob.com/albuquerque-news/pawn-shop-employees-on-edge-following-drive-by-shooting/4840035/ to view the full article online.
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Reuters
The top cop for U.S. consumer finance has decided not to sue a payday loan collector and is weighing whether to drop cases against three payday lenders, said five people with direct knowledge of the matter.
Visit https://www.reuters.com/article/us-usa-cfpb-payday-exclusive/exclusive-trump-official-quietly-drops-payday-loan-case-mulls-others-sources-idUSKBN1GZ1A9 to view the full article online.
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Visit https://www.nationalpawnbrokers.org/calendar-of-events/ to view the full article online.
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