(Alliance News) - musicMagpie PLC shares jumped on Monday after it said its products will launch on retailer Walmart Inc's e-commerce platform.

Shares in the Stockport, England-based used-technology reseller were up 13% to 32.09 pence each in London on Monday morning.

musicMagpie said decluttr's refurbished disc media is now available to buy on Walmart's online marketplace, Walmart.com, a US-based e-commerce platform.

musicMagpie said decluttr will bring preowned CDs, DVDs and video games to Walmart customers at competitive prices, under the new agreement.

"The Walmart collaboration adds an additional sales channel for decluttr's products, allowing access to Walmart's 120 million monthly website visitors. This will supplement existing sales through decluttr's own website as well as on other marketplaces," the company explained.

Further, musicMagpie noted that Walmart recently announced the launch of Walmart Restored, a programme created to help customers discover refurbished electronic products on Walmart.com.

musicMagpie expects its refurbished consumer technology products to be added to this programme in early 2023.

Co-Founder & Chief Executive Steve Oliver said: "Walmart's mission to provide high quality items at low prices aligns with our own, and the newly launched Walmart Restored programme mirrors our commitment to the circular economy and sustainability. This is an exciting new sales channel for us as we continue to grow our decluttr brand in the US and partnering with such an iconic household name will continue to foster trust not only in decluttr, but also in refurbished products as a category."

By Sophie Rose, Alliance News reporter

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