Walmart game change concerns pawn shop owner - WALB.com, Albany News, Weather, Sports

Walmart game change concerns pawn shop owner

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Georgia Loan and Pawn Owner Todd Faircloth Georgia Loan and Pawn Owner Todd Faircloth
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ALBANY, GA (WALB) -

Walmart plans to expand its video game trade-in program, but some pawn shop owners say that could hurt their business.  

Georgia Loan and Pawn Owner Todd Faircloth is worried that trading and selling used video games will just be the beginning for Walmart. He thinks the big chain could move to other things like electronics.  He says video games only account for five percent of his business.

But when Walmart announced a plan to expand its video game trade-in program, allowing customers to bring in used video games for store credit, that troubled him.  

"The problem that I have with that is if they get into that, they may get into other electronics and other things that will impact his business dramatically," said Faircloth.    

He mostly buys and trades stereo equipment and firearms, electronics, and DVDs.  Faircloth says taking in used items is a big responsibility, one that he's not sure Walmart can handle.  

He says people need proper training, and he interacts with law enforcers on a weekly basis.      "We have to make daily reports to the police department with serial numbers and everything, where as if you have young kids, which Walmart does have working there, they may not get everything like they should. The pawn shops usually have set people that have been working there a long time that knows all the procedures and what to do."  

He's says he's curious to see if the police will require Walmart to make daily reports. The new trade-in program is set to start at the end of the month at Walmart and Sam's Club.

 

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