Letter from the President

Happy New Year!!! I do not think much will change during the first three months of our new 2021, however I do believe that we will continue to grow even through our typical tax season. I do hope everyone had a great holiday season. I am certainly glad to be done with 2020 and am looking forward to 2021 and getting back to our life and workplace back to some type of new normalcy. I want to add a huge Thank You for everyone pulling through the best we could during 2020. It was a great effort and was leaving like none of us has ever done before.

We had great instore sales numbers with two location Florin Mall and Broadway hitting our annual projected sales goals, but with the Covid-19 virus hitting us in March of 2020, the projections should have been adjusted down a little bit. All locations except one sold more in 2020 than 2019 instore sales numbers and that was West Sacramento but only off by 1.5%. All those sales numbers are terrific numbers. The large drop in our loan balance should have affected our Pawn Service Charges we collected less the 1% less in 2020 compared to 2019. So, despite 2020 and all the problems it caused for all of us I would say we had a pretty darn good year. We did struggle with our eBay and our scrap gold sales, but we have learned in those departments.

I am confident we can all work together to help each other and our Loyalty Pawn family have a strong 2021!

Gratefully

Stan Lukowicz, III