MusicMagpie (MMAG)

Sector:

Retailers

Index:

FTSE AIM All-Share

 7.15p
   
  • Change Today:
      0.000p
  • 52 Week High: 32.50
  • 52 Week Low: 6.80
  • Currency: UK Pounds
  • Shares Issued: 107.81m
  • Volume: 149,316
  • Market Cap: £7.71m

MusicMagpie secures online deal with Walmart

By Michele Maatouk

Date: Monday 09 Jan 2023

LONDON (ShareCast) - (Sharecast News) - MusicMagpie shares rallied on Monday after the company said its products are now available on Walmart.com.
The group, which specialises in refurbished consumer technology and disc media in the UK and US, said decluttr's refurbished disc media is now available to buy on Walmart's online marketplace, with refurbished consumer technology products set to follow early in the year. Decluttr is MusicMagpie's US division.

The company noted that Walmart.com is one of the fastest-growing eCommerce platforms in the US.

The Walmart collaboration adds an additional sales channel for decluttr's products, allowing access to Walmart's 120m monthly website visitors, it said.

Chief executive and co-founder Steve Oliver said: "We're thrilled to announce that we are teaming up with the biggest retailer in the world, which will allow us to offer our suite of refurbished and pre-owned products to its tens of millions of customers.

"Walmart's mission to provide high quality items at low prices aligns with our own, and the newly launched Walmart Restored programme mirrors our commitment to the circular economy and sustainability. This is an exciting new sales channel for us as we continue to grow our decluttr brand in the US and partnering with such an iconic household name will continue to foster trust not only in decluttr, but also in refurbished products as a category."

At 1050 GMT, the shares were up 13% at 32.09p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MusicMagpie Market Data

Currency UK Pounds
Share Price 7.15p
Change Today 0.000p
% Change 0.00 %
52 Week High 32.50
52 Week Low 6.80
Volume 149,316
Shares Issued 107.81m
Market Cap £7.71m

MusicMagpie Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.88% above the market average21.88% above the market average21.88% above the market average21.88% above the market average21.88% above the market average
15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average
Price Trend
94.17% below the market average94.17% below the market average94.17% below the market average94.17% below the market average94.17% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
51.63% below the market average51.63% below the market average51.63% below the market average51.63% below the market average51.63% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average

MusicMagpie Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
15:40 37 @ 7.50p
15:40 365 @ 7.50p
15:32 8,919 @ 6.88p
14:57 6,948 @ 7.20p
14:38 6,605 @ 6.87p

MusicMagpie Key Personnel

COO Ian Storey

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