Global Information Inc. would like to present a new market research report, "U.S. Pawnshops: An Industry Analysis" by MarketData Enterprises, Inc..
Marketdata Enterprises new 111-page study examines the operations of pawn shops, an "alternative financial service" that provides the small loans that banks ignore. The study explores: the nature of the business, industry size/growth, demand factors, customer demographics, major issues, payday lending, operating ratios, major competitors, and more.
Pawn shops in the United States now number 11,000+ and growing, and constituted a $14.5 billion industry last year. The business is fragmented and not dominated by large national chains.
"The industry appears to be almost recession-proof, as the ranks of the "unbanked" consumer continue to grow. Pawn shops provide a service that traditional banks cannot - short term loans for small amounts of money. However, operations are more complex than meets the eye, and they must conform to strict state regulations.", according to Research Director, John LaRosa.
According to John LaRosa, "the industry has benefitted from soaring gold prices, coupled with positive publicity via the popular reality TV show - Pawn Stars. The industrys image has changed and pawn shops are considered more mainstream as affluent consumers now use them to raise quick cash. Even Beverly Hills and Palm Beach have pawn shops that discreetly serve the rich by buying their high end jewelry."
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