Music Magpie is an online retailer specialising in refurbished electronics, phones, CDs, Blu-rays DVDs, games and books. It was acquired by AO.com in 2024. Retail Week provides news, analysis, features and opinion about Music Magpie and the electricals sector.
AO released its half-year results today, recording a 12% increase in B2C retail revenue to £423m and a 10% profit before tax increase to £18m despite added costs of £4m from the national minimum wage and national insurance.
Online electricals specialist AO.com has reported increased annual sales and profits, helped by a raft of initiatives.
Electricals giant AO has agreed a deal to acquire secondhand tech expert Music Magpie.
Music Magpie has reported a fall in revenues during the first half of the financial year
Music Magpie has reported a decline in overall revenue and profit for the year ending November 30, 2023.
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