Major Amazon change could see sales surge at online retailer
manchestereveningnews.co.ukSales at musicMagpie could surge after a major change was introduced by Amazon, it has been revealed. The Stockport-headquartered company has increased its product availability on the retail giant's website as a result of it re-opening the ability to list refurbished B grade ('very good') and C grade ('good') conditioned products in the UK and US.
musicMagpie said the change opens up the possibility of selling its entire consumer technology stock such as mobile phones and games consoles on Amazon, "hereby greatly increasing the sales potential for this platform". READ MORE: Click here to sign up to the BusinessLive North West newsletter The recent change has been made more significant after musicMagpie announced a rise in consumer technology revenue during the first half of its current financial year, offsetting the post-pandemic fall in disc media and books.
Consumer technology revenue rose 15.9% to £46m while disc media and books dropped by 23.6% to £25.3m in the six months to the end of May this year.
Overall, the listed firm's revenue dipped slightly from £72.7m to £71.2m. musicMagpie also posted losses of £1m compared to £17.7m in the prior period which included one-off costs of around £22.9m.
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