Originally posted by minestrone
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Good news - 3OO jobs created!
This is music to Osborne's ears - private business lead recovery!
Pawnbroker Albemarle & Bond to create 300 jobs
The group, which has 169 stores and 38 gold-buying "pop-up" shops, said it will take advantage of lower high street rents to open the outlets in 2012.
Albemarle said it has benefited as banks tightened their lending criteria, "failing to provide people with straightforward and inexpensive ways to borrow".
Chief executive Barry Stevenson said this trend, and the industry's efforts to change its image over recent years, mean 2012 will herald "the age of the pawnbroker".
He added: "With fewer people able to get credit through the banks, pawnbroking has an opportunity to play an increasingly important role in many people's finances, whether they need some quick cash to get the car through its MOT, or run a business and need some cash to tide them over until a customer pays."
He added that Albemarle has some of the highest redemption rates in the industry, with people bringing back the same item several times when they need access to cash.
More from the source: Pawnbroker Albemarle & Bond to create 300 jobs - Telegraph
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What's not to like?!?!
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