musicMagpie plc Expansion of Kiosk Locations
10 Agosto 2023 - 3:00AM
RNS Non-Regulatory
TIDMMMAG
musicMagpie plc
10 August 2023
10 August 2023
musicMagpie plc
("musicMagpie", or "the Group")
MUSICMAGPIE EXPANDS ITS KIOSK LOCATIONS
SMARTDrop Kiosks will be installed in new high footfall sites
from this week
musicMagpie, a circular economy pioneer specialising in
refurbished consumer technology, is expanding its SMARTDrop Kiosk
network, starting with three new high profile and high footfall
sites this week. The sites are Manchester Arndale (Manchester),
Cribbs Causeway (Bristol) and Willow Brook (Bristol). Each of the
sites are within major shopping centres and together these attract
over 50m visitors per year.
musicMagpie completed an initial rollout of 290 SMARTDrop Kiosks
into Asda stores across the UK in October 2022, and these latest
shopping centre kiosks, along with The Trafford Centre (Manchester)
kiosk announced earlier this year, represent additional
installations in complementary locations, giving greater access to
a wider range of customers. For customers, the kiosks offer an even
faster and easier way to recycle unwanted phones for instant cash.
Customers take their phone to a kiosk, receive a valuation, deposit
it and then have the money paid to their bank or PayPal account
within minutes.
SMARTDrop Kiosks have proved to be hugely popular with customers
since their launch in November 2020, and now account for 45% of
musicMagpie's Consumer Technology sourcing in the UK. The Group is
looking to expand the reach of its SMARTDrop Kiosks by placing them
in new high footfall sites across the country, making selling and
recycling mobile devices even more convenient and accessible for
consumers.
Steve Oliver, Chief Executive Officer and Co-Founder of
musicMagpie, said: " We're thrilled to announce that our SMARTDrop
Kiosks will be arriving at three new major locations this week,
following the successful rollout in Asda stores across the country.
Our SMARTDrop Kiosk in The Trafford Centre has been one of our most
successful installations to-date, and with millions of people
visiting each of these new sites every year these will serve to
increase brand awareness and promote the service making it easier
than ever for customers to trade in their phone for cash, while
doing something positive for the environment."
Enquiries
musicMagpie plc Tel: +44 (0) 870
Steve Oliver, CEO 479 2705
Ian Storey, COO
Matthew Fowler, CFO
Powerscourt (Financial Public Relations) Tel: +44 (0) 20
Rob Greening 7250 1446
Genevieve Ryan
Sam Austrums
A bout musicMagpie
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. Nearly 400,000 consumer technology products were
resold in FY22. In addition, the Group re-sells approximately 10m
books and disc media each year that could have ended up as waste.
During 2022, musicMagpie's UK consumer tech and disc media
customers, along with its trade partners, helped to save over
43,000 tonnes of CO2 by buying, selling and renting with the Group
- an amount equivalent to providing heating for over 16,000 homes,
or powering more than 50,000 flights from London to New York. 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 4.4* rating on UK Trustpilot
with over 266,000 reviews, and is honoured to have won Best
Refurbished in the Uswitch Telecoms Awards 2023 as well as Best
Online Retailer and Best Secondary Market Provider at the Mobile
News Awards 2023.
For further information please visit : www.musicmagpieplc.com
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRASSMFIUEDSEIA
(END) Dow Jones Newswires
August 10, 2023 02:00 ET (06:00 GMT)
Musicmagpie (LSE:MMAG)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Musicmagpie (LSE:MMAG)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024