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    EZPW   US3023011063

EZCORP, INC.

(EZPW)
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EZCORP : Get paid for your unused and unwanted items while helping the environment

06/30/2021 EDT

Nikki Swies

Chief Revenue and Operations Officer

You've finally had enough of all the stuff cluttering your home so it's time for a clean out! As you move through your house or apartment, you separate 'keep' from 'toss' until you have a huge pile of items that you no longer need. 'I have two choices for all this stuff,' you think. 'I can throw it away or I can donate it.'

However, there's another option and it's one that is not only good for the environment but can also put some money in your pocket - sell your things to a pawn shop!

Pawn shops are often the unsung heroes of sustainability because they offer an opportunity to sell gently used items in good condition for cash. Those items then are resold to others at a price less than if they were purchased new.

Americans throw out A LOT

According to the Environmental Protection Agency (EPA), the U.S. had 292.4 million tons of waste in 2018. That's nearly 5 pounds of waste per personthrown into landfills each day. Can you imagine throwing away your body weight in trash multiple times each year? If you're 152 pounds, you'd be throwing yourself away each month!

Part of that waste comes in electronic form. We live in a world with rapidly evolving technology with the average lifespan of most electronic devices being just 1-2 years. According to Earth911.com, the U.S. generated nearly 7 million tons of e-waste in 2019. However, it's not always convenient to recycle electronics. In a 2019 International Telecommunications Union report,only 15 percent of potential e-waste is recycled in the U.S.

By utilizing pawn shops for both selling and purchasing, you can reduce your carbon footprint while making a long-term positive impact on your community and on the planet.

Save the planet and make money

Pawn shops like EZCORP's various stores (EZPAWN, Value Pawn& Jewelry, USA Pawn and Jewelryand others) procured more than 5.5 million used or pre-owned consumer product items in 2020 with a commercial value of $354 million, and resold nearly 7 million used or pre-owned items with a commercial value of $445 million during the same time frame.

When you bring in an item to sell or when you come in to purchase a pre-owned item, you're doing a good thing for the environment. When you reuse and recycle in this way, you reduce pressure on our landfills, cutting out all the resources - both material and power - that goes into manufacturing something new.

Pawn shops pioneered the notion of a circular economy- where reusing, recycling and other refurbishment efforts minimize waste, carbon emissions and pollution. The goal is to improve our resources' longevity and usefulness so we don't have to keep making - and disposing - of new ones. Pawn shops are neighborhood-based stores that sell pre-owned merchandise which is sourced and then recycled within each store's geographic area. They help to reduce the area's carbon footprint by not selling items that directly come from manufacturing facilities or distribution centers and eliminate the need for transportation services. Pawn shops are unique, essential and sustainable.

What to take to a pawn shop

While it's commonly known that pawn shops take electronics like computers, phones and TVs, as well as power tools and jewelry, did you know that you can take in almost anything of value that's in good condition? Here's a few items that make the list:

  • Vacuum cleaners (must have parts)
  • Kitchen appliances like air fryers and crockpots
  • Sewing machines
  • Single-serve coffee machines, like Keurigs
  • Designer purses and handbags
  • Musical instruments
  • High-end shoes
  • Lawn equipment
  • A/C wall units
  • Tire rims
  • Bicycles
  • Strollers

Remember - the nicer or the item, the greater chance you have that a pawn shop is willing to buy it. Do you have something brand-name? From Louis Vuitton® to Apple® to Christian Louboutin, if you have a brand that's known for high quality, it's worth taking it to a pawn shop for cash.

How to get top dollar

Make sure it works! Pawnbrokers are going to test it so if you try pass off something that doesn't work or is glitchy, odds are they'll question the authenticity of the other items you've brought with you.

Before you take in anything, make sure the item is clean and free of dust and debris. Remember, the newer the item looks, the greater chance you have to get a better offer! Also, bring in the manual, if you have one, as well as any accessories, parts or cords needed to use the item.

And don't discount broken jewelry! Pawn shops often take gold and precious gems, even if the item is broken. Many will purchase your broken jewelry to be melted down or processed for other uses.

The next time you clear the clutter from your closet or garage, make a little green and help keep re-sellable goods out of the landfill by taking items to your local pawn shop.




Nikki Swies is the Chief Revenue and Operations Officer at EZCORP. She believes that pawn shops contribute to a circular economy where pre-owned consumer merchandise can be purchased, used and resold, extending the use and lifecycle of millions of items each year.



BLOG TAGS:Sustainability, Reuse, Pawn



Disclaimer

EZCORP Inc. published this content on 30 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2021 13:06:10 UTC.


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Net income 2021 4,65 M - -
Net Debt 2021 - - -
P/E ratio 2021 87,6x
Yield 2021 -
Capitalization 409 M 409 M -
Capi. / Sales 2021 0,58x
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Free-Float 90,7%
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Technical analysis trends EZCORP, INC.
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Last Close Price 7,30 $
Average target price 8,50 $
Spread / Average Target 16,4%
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