Music Magpie – Mobile News

News, Retailers

musicMagpie global revenues dip by £8.1 million but UK sales hold firm

Pioneer secondary market provider musicMagpie’s global revenue dipped by £8.1 million, from £61.9 million to £53.8 million, for the six months to May compared to the same period last year. This drop is primarily attributed to strategic changes in its USA operations, shifting to a sourcing-only model. Despite the overall revenue decline, UK consumer technology

Staff Reporter
2 July 2024

News, Retailers

Music Magpie in takeover talks with BT and investment group Aurelius

Leading re-commerce company Magpie is in takeover talks with both BT and pan-European alternative investment firm Aurelius Group A statement from musicMagpie said: “Discussions between the parties are ongoing and remain at a very early stage. Accordingly, there can be no certainty that any offer for the Company will be made from either of the

Staff Reporter
20 November 2023

News, Retailers, Retailers

Music Magpie announces 42 per cent trading performance despite ‘challenging’ Q1

Despite facing challenges such as postal strikes and diminishing consumer confidence, Music Magpie’s trading performance showed a 42 per cent increase compared to the same period in 2022. Store sales accounted for 79 per cent of total sales, up from 72 per cent in the previous fiscal year.