Expansion of Kiosk Locations

Musicmagpie

10/08/2023 07:00

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RNS Number : 8478I  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) 870 479 2705

 Steve Oliver, CEO

 Ian Storey, COO

 Matthew Fowler, CFO

 Powerscourt (Financial Public Relations)  Tel: +44 (0) 20 7250 1446

 Rob Greening

 Genevieve Ryan

 Sam Austrums

About 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
(https://url.avanan.click/v2/___http:/www.musicmagpieplc.com/___.YXAxZTpzaG9yZWNhcDphOm86MmVhMWEwZTkwZjZlZTI4YTYzMmVjYzNlYzA4ZjFiNmQ6Njo1OGU3OjllMDBiNjdkNjA1ZjI5ZDM3NGU2NzEwNzkzMDQxMTQ5NDZmNzVjOGUzMTVjZGE1YmY3ZGEzYjFkNzY4MjVmYzc6cDpG)

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