Pawn shops prospering in Sacramento, nationally

The Sacramento BeeOctober 16, 2011 

Pawn shops, once considered the seamy underside of commerce, have become a mainstream destination for individuals and small businesses looking to cope in today's economy.

As a result, many pawn shops are prospering both locally and nationwide.

A recent market report by Los Angeles-based industry research firm IBISWorld said the pawn shop industry "has thrived through tough economic times," with a 2.6 percent annual growth rate since 2006.

During that time, industry profit margins increased from about 15.5 percent of revenue to 17.5 percent.

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