| Type | Public (NYSE: CSH) |
|---|---|
| Industry | Retail |
| Founded | 1984 |
| Headquarters | Fort Worth, TX, USA |
| Area served | United States |
| Key people | Daniel R. Feehan (CEO) (President) & (Chief Executive Officer)[1] |
| Services | pawnbroker and payday loan services |
| Revenue | US$ 1,031M |
| Operating income | US$ 149M |
| Net income | US$ 81M |
| Total assets | US$ 1,187M |
| Total equity | US$ 575M |
| Website | CashAmerica.com |
Cash America International, Inc. (NYSE: CSH) is a Fort Worth, Texas, retailer which operates over 1,000 (as of March 21, 2011) pawn shops in the United States.
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In addition to operating pawn shops, the company also provides check-cashing services and short-term unsecured loans (commonly referred to as "payday loans") both through its pawn shops as well as in self-standing facilities, and also on the Internet under the name "enovafinancial".[2]
Company was founded by Jack Doherty in Irwing, Texas in 1983 as a single pawnshop. The chain grew through rapid aquisitions finally being listed in New York Stock Exchange in 1990 (Symbol:CSH). Starting in 1995, it started its growth in brick and mortar stores through acquisitions in Sweden and UK. In 1998, it created the Cash America franchise system. In 2003, it merged with Cashland with a combined volume of 5 billion dollars in loans. In 2004 it sold its European brick & mortar store assets and bought the last independent chain stores in United States, Super Cash. In 2006, it purchased Enova Financial (CashNetUSA) to create an internet based division. This allowed the company to enter the global markets again as they rapidly expended their operations in UK, Australia, & Canada.[3]
In 2008,500th store was opened along with expansion in Mexico with a majority steakholder status in the second largest pawnshop chain, Prenda Fácil, in Mexico. In 2010, it acquired Maxit Financial.[4]