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Upcycle the Items That Your Holiday Gifts Replaced!

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“For environmentally-conscious consumers, the pawnshop offers a unique opportunity. Donating or selling unused items is one of the best types of recycling because there are no resources required to process or replace the item. Instead, it finds a new home rather than depreciating in a drawer, on a shelf or worse, taking up landfill space.”

 

Despite widespread gloom and doom reports leading up to the holiday season, the news from retailers for Christmas 2017 sales is good–USA Today reports that U.S. year-end holiday retail sales rose 4.9% compared to the same period last year, a welcome gift to U.S. retailers amid new signs of consumer confidence.

Online retail shopping similarly increased 18.1%, while overall consumer buying during the holiday period set a record for dollars spent, according to the sales report issued by Mastercard SpendingPulse.

Some of the biggest jumps, both online and in-store, were seen in electronics and appliances (7.5%), jewelry (5.9%), and home furnishings and home improvement (5.1%).

These results are consistent with what American Jewelry and Loan reports for their 2017 holiday season. In addition to engagement rings, which are always a staple of the season, owner Les Gold shared that “we’ve seen many customers this year who are looking for an upgrade to their existing bridal sets.”

In addition to fine jewelry, other luxury items are commonly upgraded during the holidays. Beth Anundi of Capital Pawn in Salem, Oregon, has seen so many customers bring their luxury handbags to her store that she recently launched a dedicated Instagram channel to highlight the couture.

Upgrades were even more popular in electronics and technology. “By now, most households have at least one personal computer, so today’s customer is often looking to upgrade with newer models of laptops, tablets, or other personal technology” added Seth Gold, who works alongside Les at their family’s fourth-generation pawnshop.

Martin Strasser of Premier Jewellery and Loans in Kelowna, British Columbia adds “Re-cycled retail is here to stay. Not all gifts are the perfect fit, so we encourage our customers to ‘recash’ instead of ‘regift’.” 

Taylor Packwood of Top Cash Pawn in Plano, Texas notes that timing is key when considering the value of electronics “for previous years electronics and tech, values will be dropping drastically, so cashing in quick is key”.

This leads to the question–what becomes of the items that these gifts replaced? For environmentally-conscious consumers, the pawnshop offers a unique opportunity. Donating or selling unused items is one of the best types of recycling because there are no resources required to process or replace the item. Instead, it finds a new home rather than depreciating in a drawer, on a shelf or worse, taking up landfill space.

For customers who mark a milestone by upgrading a sentimental piece of jewelry, for instance, the pawnshop offers a unique way to recoup a portion of the investment of the upgrade when they sell the original.

Similarly, while hardcore geeks may want the latest technology and the fastest processors, their existing gear may work sufficiently for a student or someone whose needs are less sophisticated. Increasing an item’s lifespan by selling it to a pawnshop is great for the environment because it generates less waste and uses fewer resources. According to the EPA, more than 4.6 million tons of e-waste ended up in US landfills in 2000.

“We’re accustomed to seeing lots of people come to the shop on the first few days after Christmas with items that they either don’t want or no longer need because they’ve been given a replacement as a gift,” Seth said. “It makes a lot of sense because the customer gets cash in their hand fast whereas selling online can be a hassle, consignment can take weeks, and returns can be a nightmare.”

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Individuals who are interested in converting their gold, jewelry, watches, luxury items, game systems, or other technology into cash are invited to stop by one of American Jewelry and Loan’s three Metro Detroit locations and find out why they’re known as being ‘Where Detroit Cashes In‘ for 40 years. For questions about the pawning process or available inventory, email [email protected].

 

Inside the CEO Mind at American Jewelry & Loan

Inside the CEO Mind

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On September 19, 2017, business leaders from across the region gathered at American Jewelry and Loan’s Detroit store for a sold-out event Inside the CEO Mind hosted by the Detroit Regional Chamber. Les and Seth Gold shared stories from their unique journey and how facing their fears has led to hardcore success. Learn more about upcoming Chamber events at www.detroitchamber.com.

 

Seth Gold Named to DBusiness Magazine’s List: 30 in Their 30’s

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DBusiness magazine has named 30 of Detroit’s most dynamic business leaders to their annual 30 in Their Thirties list.
American Jewelry and Loan is proud to announce that Seth Gold is a member of the class of 2017.

Read more at www.dbusiness.com.

Join Seth alongside his father at their iconic Detroit store on Tuesday, September 19th at Inside the CEO Mind hosted by Detroit Regional Chamber.

Detroit Regional Chamber Hosts Event at American Jewelry and Loan

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Detroit Regional Chamber will host an upcoming session of Inside the CEO Mind at American Jewelry and Loan. Les Gold and Seth Gold will share their unique perspectives as successful business owners and reality television stars while providing insight into the unique perspective of multi-generation business owners.

This don’t-miss event is being held on Tuesday, Sept. 19. The Golds will discuss their journey and insights on how their company separates themselves from competitors by being Detroit’s go-to pawn shop for more than four decades.

Seating for this event is limited and expected to sell out — hurry to register or learn more at www.detroitchamber.com.

Les and Seth Gold Attend Mackinac Policy Conference 2017

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Les and Seth with Margaret Trimmer-Hartley from Junior Achievement at #MPC17

[From Detroit Regional Chamber’s To-Do List 2016 Final Report]: After meeting at the Mackinac Policy Conference last year, American Jewelry and Loan, Junior Achievement, Operation HOPE, and Greenpath Financial Wellness collaborated and developed a partnership that offers workshops on improving credit scores and other financial wellness tips.

Click HERE to learn more about our Financial Literacy Workshops.

See the entire To-Do List Speech at Detroit Public Television’s You Tube Channel. Learn more about the Detroit Regional Chamber at their website.

 

Les and Seth Gold Deliver Keynote Address to Midwest Pawn Convention

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In addition to a seminar on operational excellence for family-owned businesses, Les and Seth shared their secret to success with pawnbrokers from all over the country at the 2017 Midwest Pawnbrokers Convention held May 5-7 in Nashville, Tennessee.

Day Three- Entrepreneurship Master Class

By | Business, from Staff | No Comments

ENTREPRENEURSHIP OAKLAND–MASTER CLASS

At the third and final segment of our Entrepreneurship Oakland Master Class, the panel shared insights that continue the conversation about success in business leadership.

This week’s expert panelists included: Vladimir Gendelman from Company Folders, Tonya Acha from Asentiv, Matthew Farrell from Core Partners, Damany Head from the Pontiac Regional Chamber and TNE Ventures, Wesley Mathews from High Level Marketing, and Rob Cote from Security Vitals.

 

Most of our distinguished panelists are members of the Entrepreneurs’ Organization – Detroit Chapter. Learn more about EO Detroit at www.eonetwork.org.

 

 

Three Tuesdays in March: March 14, 21, 28th
8-9:30am
American Jewelry and Loan Pontiac
546 N Telegraph Rd, Pontiac, MI 48341
COST: $185 per person
Includes: Attendance at all three sessions, materials, certificate of completion, refreshments, and a FREE Individual membership in the Pontiac Regional Chamber

SESSION ONE: TUESDAY, MARCH 14TH
Negotiating for Entrepreneurs
Business Planning Basics
Untangling the Red Tape
Networking Best Practices

SESSION TWO: TUESDAY, MARCH 21ST
How to Conduct Market Research
FREE Community Resources for Business Owners
Finding the funding
Legal & Financial Considerations
Marketing, Advertising, and PR

SESSION THREE: TUESDAY, MARCH 28TH
Accounting and banking basics
eCommerce and Digital Marketing
Business Wisdom from a Pawnbroker
Commitment to Community

Learn more in this article from Crain’s Detroit.

DOWNLOAD A FLYER.

Presented in conjunction with the Pontiac Regional Chamber:

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Day Two – Entrepreneurship Master Class

By | Business, from Staff | No Comments

ENTREPRENEURSHIP OAKLAND–MASTER CLASS

On March 21, 2017, aspiring entrepreneurs and community leaders met for the second of three panel discussions in the Entrepreneurship Oakland Master Class, presented by American Jewelry & Loan and the Pontiac Chamber of Commerce. The panel discussed utilizing free resources available within local communities, conducting market research, social media best practices, marketing, how to find funding for your business or organization, and more.

This week’s expert panelists included: Matthew Farrell from Core Partners, Vladimir Gendelman from CompanyFolders.com, Rob Cote from Security Vitals, Lisa Crawford-Palmer from Studio 8 Fitness, and Devan Green from Pontiac Library.

Les Gold, third generation pawnbroker and owner of American Jewelry & Loan, joined the panel to offer his expertise. His son and business partner, Seth Gold, moderated the panel and contributed his own business wisdom.

Missed the first two panels? You are still welcome to join us for the final panel discussion this coming Tuesday, March 28- click HERE to register! The third segment of our Entrepreneurship Master Class will navigate topics such as eCommerce and internet marketing, accounting and other financial topics, and community involvement. Each of the hourlong sessions in the course are conducted over coffee and refreshments.

The Entrepreneurship Oakland Master Class is a series of conversations conducted amongst a panel of successful business owners and leaders. Each of the three panels will provide plenty of hard-won business wisdom from experienced entrepreneurs. These conversations, moderated by American Jewelry and Loan’s own Les and Seth Gold, invite some of the region’s most successful and experienced business owners to share their experiences on topics ranging from accounting to marketing, hiring, networking, and more! Participants are sure to leave full of new ideas and strategies to make their business successful and profitable.

Most of our distinguished panelists are members of the Entrepreneurs’ Organization – Detroit Chapter. Learn more about EO Detroit at www.eonetwork.org.

Course fee of $185 includes all materials, a certificate of completion, refreshments, and an individual membership in the Pontiac Regional Chamber. All proceeds benefit the Pontiac Regional Chamber.

 

Three Tuesdays in March: March 14, 21, 28th
8-9:30am
American Jewelry and Loan Pontiac
546 N Telegraph Rd, Pontiac, MI 48341
COST: $185 per person
Includes: Attendance at all three sessions, materials, certificate of completion, refreshments, and a FREE Individual membership in the Pontiac Regional Chamber

SESSION ONE: TUESDAY, MARCH 14TH
Negotiating for Entrepreneurs
Business Planning Basics
Untangling the Red Tape
Networking Best Practices

SESSION TWO: TUESDAY, MARCH 21ST
How to Conduct Market Research
FREE Community Resources for Business Owners
Finding the funding
Legal & Financial Considerations
Marketing, Advertising, and PR

SESSION THREE: TUESDAY, MARCH 28TH
Accounting and banking basics
eCommerce and Digital Marketing
Business Wisdom from a Pawnbroker
Commitment to Community

Learn more in this article from Crain’s Detroit.

DOWNLOAD A FLYER.

Presented in conjunction with the Pontiac Regional Chamber:

index

 

 

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