Devon Pawn Shop

06/29/2026

The small business in Rogers Park has for decades operated a service unlike those seen in such TV shows as “Pawn Stars.”

06/24/2026

We are so proud to be able to run a small business in the city of Chicago for 36 years. We love serving thousands of customers in our community and far beyond.  Today this article was written about us in the Chicago Tribune.

The small business in Rogers Park has for decades operated a service unlike those seen in such TV shows as “Pawn Stars.”

06/18/2026

Something is going on in the handbag business. After years of explosive growth, shoppers are slipping away.

Sales of luxury bags are down almost 10% from peaks seen in 2023, data from Bain & Company shows, equivalent to a roughly $8 billion hole in annual spending.

Data from the resale market and social-media listening tools shows that shoppers are still obsessed with luxury handbags, but their tastes are evolving in ways that are unhelpful for luxury companies’ profits.

Demand has shifted away from designer stores to the secondhand market. The shift isn’t only about price. Resale trends suggest that carrying a vintage luxury bag is becoming cooler than buying new. In May, searches for vintage bags were up 131% compared with the same month of 2025, data from The RealReal shows.

Consumers perceive older bags to be better quality, and buying vintage is a way to look different in an era of algorithm-driven fashion trends. Buying vintage also requires knowledge of fashion history, which is emerging as a new status symbol itself.

If the shift away from buying new goods really takes hold, it is a problem for luxury brands.

🔗 Read more: https://on.wsj.com/4oD6lBt