musicMagpie has said its profits are set to be below previous expectations as the "worsening economic outlook and increasing cost of living pressures on the UK consumer" is set to impact this year's Black Friday sales.
The Stockport-headquartered company added that its revenue generated in the second half of its financial year will show lower growth compared to the first half than previously expected.
However, the business said it remains confident in the group's "strategy and in its medium-term growth prospects, underpinned by the growing and differentiated rental proposition".
