EMERGENCY – CALLING ON ALL PAWNBROKERS
EMERGENCY EMERGENCY EMERGENCY EMERGENCY
Calling on ALL of our Pawnbroker Friends & Family!!
AS you all know we are facing a Tariff war and the short and long-term impact of these events are going to have a direct effect on our business.
Spoke to Craig Harrison(M&M MERCHANDISERS) today (04/14/2025) and several other well connected vendors and others who are in the supply mix, and here is what were hearing and seeing::
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Best Buy and other retailers have already valued up retail prices by 40% or more FYI
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Many large big box retailers and Ecom sites like Amazon and other have stopped shipments in their tracks coming out of China and some other countries
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Many Chinese manufacturers already have their cost of production and inventory now tied up in their warehouses and containers
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Many containers out to sea turned around and went back to China
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Many manufacturers in China have already seen massive personnel layoffs pending the Tariff wars and the rapid declination of orders
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In theory it could take them months to years to retool and reboot
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SUPPLY CHAINS ALREADY TIGHTENING UP
MY MESSAGE TO THE PAWN COMMUNITY RIGHT NOW IS MULTI – FOLD
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REMEMBER THE PANDEMIC
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LOTS OF SUPPLIERS WERE MONTHS BEHIND ON GETTING AND DELIVERING PRODUCT FOR RETAILERS ACROSS THE BOARD
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RETAIL BIG BOX WAS HAMMERED AND TOOK YEARS TO RECOVER
PAWNBROKERS
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WERE ONE OF THE BIGGEST RECYCLERS ON EARTH
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MANY OF US SOLD EVERYTHING THAT WASN’T BOLTED TO THE CEILINGS OUT OF STORES DURING THE PANDEMIC
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THIS SPELLS OPPORTUNITY
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START BUYING AS MUCH FROM YOUR CONSUMERS AS YOU CAN NOW
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LTV, OR LOAN TO VALUE RATIO’S CAN BE PUSHED UP TO THE UPPER LEVELS OF NEHA (MORE PEOPLE WILL REDEEM IN THEORY AND BUY THE PRODUCT)
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WE CAN ADVERTISE AND PUSH NOW OUR PRICES ARE TARIFF FREE CURRENTLY
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RETAIL MARGINS ON GOODS CAN REMAIN RELATIVELY STRONG (EXCLUDING AGING)
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BUY EVERYTHING IN SITE YOU CAN NOW FROM THE SUPPLIERS THAT CURRENTLY HAVE INVENTORY – APPLIES TO SOME RETAILERS, BUY THEIR PRE TARIFF INVENTORY WHEN AND WHERE POSSIBLE
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ALL OF THIS SPELL’S OPPORTUNITY, DON’T MISS THE BOAT
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JUST A FEW WORDS OF WISDOM OFF THE TOP OF MY HEAD, AND PAWN ON LADIES AND GENTLEMAN, MUCH MORE TO FOLLOW AND WE WILL BE WATCHING THE RETAIL TRENDS THROUGH ALL OF OUR FINANCIAL ANALYSIS WE PROVIDE IN REAL TIME TO WIDE RANGE OF OPERATORS IN THE USA AND ABROAD!!
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JERRY WHITEHEAD
PAWNSHOP CONSULTING GROUP, LLC
WWW.PAWNSHOPCONSULTINGGROUP.COM
PAWNSHOPCONSULTINGGROUP@GMAIL.COM
954-540-3697
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