musicMagpie was founded in 2007 by Steve Oliver and Walter Gleeson. The company became a household name after it turned the business of reselling old CDs, DVDs and games into an industrial- scale operation. Now, it is the biggest reseller of physical media and consumer technology in the world.
More than a decade later, the company is thriving and its core focus is now on consumer technology. Consumers looking to sell their unwanted Phones, MacBooks, iPads, Consoles, Wearables and more can now trade-in to musicMagpie for the best price on the market, while price-savvy customers can purchase good as new condition refurbished devices from the musicMagpie Store with a 12-month warranty for a fraction of the price of new. The company has over 100,000 5-star ratings on Trustpilot with more than six million happy customers.
musicMagpie operates as Decluttr in the US and uses exactly the same business model as in the UK. Customers trade-in their unwanted tech and media to Decluttr. These items are then refurbished and listed for sale on the Decluttr website, as well as the Amazon and eBay marketplaces.
Decluttr has experienced significant growth. It has more than doubled revenues in the last 12 months to a run rate in excess of $50m, with the consumer electronics category climbing to over 50% of total revenue for the first time.
The group employs 750 people, exports to 140 countries around the world and boasts an annual turnover of over £120m. It also became the first business in the world to get more than five million positive reviews on eBay.
In just over a decade, musicMagpie has reinvented itself as a business. It’s gone from buying physical media such as CDs, DVDs, and games, which it built its branding and reputation on, to becoming the leading consumer technology business in the UK.