Rising above the retail gloom
posted on 22-Jun-2009
Cash Generator is bucking the trend of many high-street retailers, reporting excellent growth in both key income streams and the opening of new stores.
Retail sales are up 4.7 per cent, the buying of pre-owned items from the public has increased by 18 per cent, cheque cashing has improved by 13.1 per cent and pawn broking has reached a staggering increase of 101.3 per cent. Collectively,franchise and company-owned stores have increased gross profits significantly by 11 per cent.
Cash Generator attributes the success to a number of different factors. The growth in popularity of internet sites such as eBay and Amazon has made buying pre-owned goods of every kind increasingly more fashionable, plus the company's focus on delivering what the customer wants - a great price for a top quality item or instant cash is reaping rewards.
Julian Urry, Managing Director of Cash Generator, commented: "The challenging economic conditions are ideal for Cash Generator. The buying and selling of pre-owned or graded goods has never been more popular
and, as a result, we are attracting consumers looking for a great deal and strong value for money on fully guaranteed items."
