Pawnbrokers Report Increase in Retail Sales but Eye Online Competition

The NPA announced today the results of the NPA 2017 Trend Survey. The survey, which was conducted in early 2018, focuses on industry trends as reported by pawnbroker members of the NPA for the 2017 calendar year. The NPA has compiled survey results since 2013 to explore long range trends and their implications.

Pawnshops are always trying to innovate and keep up with current trends. With retail growth is on the up, pawnbrokers are cautious of the future due to the success and rapid proliferation of competing online retail operations, such as Amazon, Google Ads, Facebook Marketplace, and eBay. 

Collateral pawn loans are the core of a pawnbroker’s business,and continue to successfully offer a platform from where borrowers can visit a brick and mortar location for a one on one experience. Gems N' Loans in southern California offers locations to the North County San Diego, Temecula and Orange County.