9 January 2023

musicMagpie plc

("musicMagpie", or "the Group")

musicMagpie's refurbished disc media is now available to buy on Walmart.com

The Group's refurbished consumer technology products will follow in early 2023

musicMagpie, a circular economy pioneer specialising in refurbished consumer technology and disc media in both the UK and US, is pleased to announce a new offering between its US brand, decluttr, and Walmart. decluttr's refurbished disc media is now available to buy on Walmart's online marketplace, Walmart.com, with refurbished consumer technology products set to follow in early 2023.

Walmart.com is one of the fastest growing eCommerce platforms in the US. Adding decluttr brings thousands of quality preowned CDs, DVDs and video games to Walmart customers at competitive prices.

In addition, Walmart recently announced the launch of Walmart Restored, a programme created to help customers discover high quality refurbished electronic products on Walmart.com. In early 2023, decluttr's refurbished phones, iPads, MacBooks and consoles will be added to this programme.

The Walmart collaboration adds an additional sales channel for decluttr's products, allowing access to Walmart's 120m monthly website visitors. This will supplement existing sales through decluttr's own website as well as on other marketplaces.

Steve Oliver, Chief Executive Officer and Co-Founder of musicMagpie, 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."

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About musicMagpie plc

Operating through two trusted brands - musicMagpie in the UK and decluttr in the US - musicMagpie's core strategy is simple: to provide consumers with a smart, sustainable and trusted way to buy, rent and sell refurbished consumer technology and physical media products with sustainability running to the very heart of its operations. Founded in 2007, the Group has an established presence in the UK, with operations in Stockport, Greater Manchester, and in the US in Atlanta, Georgia.

musicMagpie has a strong environmental and social focus, as demonstrated by its trademarked 'smart for you, smart for the planet' ethos. Over 400,000 consumer technology products were resold in FY21. In addition, the Group re-sells approximately 2,500 tonnes of books and disc media each year that could have ended up as waste. During 2021, musicMagpie's UK consumer tech and disc media customers, along with its trade partners, helped to save over 50,000 tonnes of CO² by buying, selling and renting with the Group - an amount equivalent to providing heating for over 18,000 homes. The Group has been given the London Stock Exchange's Green Economy Mark in recognition of its contribution to the global green economy.

When selling to musicMagpie, the customer is offered a fixed valuation via the website, provided with free logistics to ship the products and (subject to it being 'as described') receives payment for their product on the day of arrival at the Group's warehouse. The Group also recently partnered with Asda to give customers the option of using its SMARTDrop Kiosks in store for a fast and easy way to recycle phones for instant cash. Customers purchasing from musicMagpie receive branded refurbished product for a fraction of the price of buying new.

The Group has the highest number of seller reviews on both Amazon and eBay and has consistently achieved extremely positive feedback scores. The Group also has a 4.5* rating on UK Trustpilot with over 247,000 reviews. 

For further information please visit: www.musicmagpieplc.com