Music Magpie CEO focused on ‘buying, selling and renting more’ to improve profits

Music Magpie CEO Steve Oliver

Music Magpie founder and chief executive Steve Oliver has said the company is focusing on “buying more, selling more and renting more” after reporting expected, albeit lacklustre, full-year results.

The online retailer reported a 14.2% decline in gross profit, a 46.7% decrease in EBITDA and a 0.2% fall in revenue, despite reporting record numbers for Black Friday.

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