NPA This Week in Pawn

Ban on high-cost loans may be coming

NPR
The U.S. military realized some years ago that a lot of service members were getting into serious trouble with payday and other loans with annual interest rates of 300% or higher.

Visit https://www.npr.org/2019/11/07/776769597/a-ban-on-high-cost-loans-may-be-coming to view the full article online.

Jewelers top luxury ‘Brand Intimacy’ study

Diamonds.net
Rolex, Cartier and Tiffany & Co. captured the top three spots in the luxury category when it comes to the emotional connection customers have with a brand, according to a study of “brand intimacy.”

Visit https://www.diamonds.net/News/NewsItem.aspx?ArticleID=64367&ArticleTitle=Jewelers%2bTop%2bLuxury%2b%25e2%2580%2598Brand%2bIntimacy%25e2%2580%2599%2bStudy to view the full article online.

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Retail theft, pawn shop resale cases grow in Utah

The Pyramid

Utah retailers are experiencing a trend of continuous and severe retail theft from their stores, where persons steal merchandise with the intent of selling it to buy more drugs.

Visit https://www.heraldextra.com/sanpete-county/news/retail-theft-pawn-shop-resale-cases-grow/article_82b7d334-58d3-5c85-8b51-91e990a96741.html to view the full article online.

Prestige Pawn & Jewelry win award

Tampa Bay Times

Nora Romano describes Prestige Pawn & Jewelry as “the reinvented pawn-shop experience.”

Visit https://www.tampabay.com/news/hernando/2019/11/04/reinvented-pawn-shop-finds-success-in-spring-hill/ to view the full article online.

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More than half of consumers may go into credit card debt for the holidays

RetailDive
Fifty-two percent of millennials said they are willing to add to their debt, while 49% of Gen Xers and 34% of baby boomers said the same, according to a CreditCards.com survey of 2,571 adults.

Visit https://www.retaildive.com/news/more-than-half-of-consumers-may-go-into-credit-card-debt-for-the-holidays/566947/ to view the full article online.

Five trends driving the future of retail

Forbes
Retailers who know their customers best have always been able to sell more. Collecting and analyzing customer data can lead to effective, personalized shopping experiences, but only if you know how to do it.

Visit https://www.forbes.com/sites/sophiamatveeva/2019/10/31/five-trends-driving-the-future-of-retail/#1827360136da to view the full article online.

National Pawnbrokers Association