NRF
The retail industry is expected to see a net increase of more than 2,000 store openings this year despite misleading headlines about store closings, according to new data from the IHL Group. And NRF expects retail sales to grow at least 4.5% for the year, beating expected growth in the GDP.
Visit https://nrf.com/blog/no-sign-of-the-retail-apocalypse?utm_medium=Mainstreet%20SmartBrief%20News&utm_source=Email&utm_campaign=NRF%20Research&utm_content=IHL%20Blog to view the full article online.
10 News
Federal prosecutors say investigators with the Bureau of Alcohol, Tobacco, Firearms and Explosives sent a convicted felon acting as a confidential informant in to attempt purchasing a gun.
Visit https://www.wtsp.com/article/news/crime/pawn-shop-owner-sentenced-to-six-months-for-selling-guns-to-convicted-felon/67-600570307 to view the full article online.
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InStore
A former jewelry-store worker in Texas has been charged with theft for allegedly taking jewelry from her employer and then pawning it.
Visit https://instoremag.com/shine-times/28423-former-employee-charged-with-stealing-18-000-in-jewelry-pawning-it?ajs_uid=2682A9288356F2V&oly_enc_id=2682A9288356F2V&ajs_trait_oebid=3126C4693801B6M to view the full article online.
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American Banker
High-cost loans by banks offer a mirage of respectability. A component of this illusion is the misguided ideathat limiting payment size to 5% of gross income means the loan is affordable for most borrowers. But these products will be unaffordable for many borrowers and ultimately erode protections from predatory lending across the board.
Visit https://www.americanbanker.com/opinion/high-cost-bank-loans-a-step-in-the-wrong-direction to view the full article online.
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KGWN
City National Pawn helped to find a child's missing bike in Cheyenne, Wyo. The staff worked to make sure the bike was returned to Ty Bronder.
Visit https://www.kgwn.tv/content/news/Local-Pawn-Shop-Helps-Twelve-Year-494952071.html to view the full article online.
National Pawnbrokers Association PO Box 508, Keller, TX 76244 P: (817) 337-8830 | info@NationalPawnbrokers.org |