I suggested this in a (paper) letter two years ago to management to set up a web site. Pick the best of the best, and put it on the Web, set an account up with Fedex, and away the products go. Cash America is a NY stock exchange company with a long track record, people would much rather buy from them than some fly-by-night start-up. A lot of hard to move inventory in one location might really be hot in another location. Also with their international operations in Europe, that could be used as a base for sales on the net there.
Ive been told that PWN is about ready to move into Neb, has anyone heard anything about this, I cant believe that they would want a state like that, they have a 4 month holding time, and much lower interest rates. Anyone have any input, or heard anything ? By the way a company called USPN is also doing a web site, due to start some time this month, seems to be the way to go! Sure hope we get it soon.
They currently have a team of managers and long-time pawn shop people looking at the web very seriously. Biggest concern is the logistics of physically shipping the articles from individual locations. Test sales on ebay went great however with small items such as jewelry. Should be much-reduced turnover times on items which normally would set on shelves for months. They seem to be very paranoid about spending the money, however. Personally, i think that spending the money would increase the market cap on this company DRAMATICALLY. They only need to GET THE WORD OUT and thus change the model for their typical (buying) customer. Probably the best investment this company could ever make.
That Cash has agreed to list their items with the guys at BIDZ.COM any way that is what those guys are saying. I think the guys at USPN should go to an established site no one will shop theirs like the main sites.<eom>
Check out First Cash on the Web. They have a fairly descent site. Look for many others to follow. I know EZ-Pawn is coming out with their E-Commerce in July August 1999. Check us out at www.pawnonline.com