MusicMagpie hit by postal strikes and inflation – but there are reasons to be cheerful MusicMagpie Online retailer MusicMagpie was hit hard by postal strikes and low consumer confidence, although an “improved trading performance” after February saw a strong rebound. MusicMagpie – who specialise in consumer tech and disc media – said revenues were at £61.9m, down from £71.3m last year. Total gross profit for the group was also slightly lower, [...]
MusicMagpie turns corner from postal strike misery with earnings boost MusicMagpie MusicMagpie reported its earnings rebounded after a post-February rally helped the tech retailer shake off the impact of postal strikes and low consumer confidence. Underlying earnings shot up 42 per cent to £2m in the second quarter, with the Stockport headquartered firm seeing pre-tax earnings rise 7.7 per cent over the entire period, dented by [...]
Musicmagpie eyes sale of business as value plummets Retail & Leisure Musicmagpie has failed to break into the US market with sales in the region plummeting from £18.4m to £14.7m in the first half of 2023.
BT and Aurelius walk away from Musicmagpie deal November 27, 2023 BT and Aurelius Group have both confirmed today they have no intention of making an offer for Musicmagpie
Revenue drops for Musicmagpie as it struggles in the competitive second-hand market June 28, 2024 Musicmagpie has slashed costs to offset lower revenue.
Revenue dips for musicMagpie as book sales slump June 16, 2022 Seller of refurbished products musicMagpie posted a solid performance for its half year results this morning, despite economic headwinds battering the industry.
Revenue dips for musicMagpie as pandemic boom fades and belts tightened July 27, 2022 Shares dropped nine per cent in early morning trading for musicMagpie after the circular economy firm reported how squeezed wallets were cutting into profits and margins.
Musicmagpie sees earnings boost from Black Friday and its ‘smart for the planet’ solution March 13, 2024 Musicmagpie has reported a boost to annual earnings after the second-hand smartphone seller experienced a "record" Black Friday last November.
Musicmagpie share price soars after strong results on Black Friday tech sales December 14, 2023 Musicmagpie shares soared as much as 24 per cent on Thursday after the second-hand smartphone seller said it saw a record Black Friday.
‘Recommerce’ firm MusicMagpie reports slide in profits as pandemic boom subsides March 2, 2022 Refurbished tech selling platform MusicMagpie reported a slide in profits today after a pandemic-induced boom in demand subsided last year.