Retail technology company Jisp has announced that it has seen continued rapid growth in the first half of 2024. Retail sales through the app topped £2.2million in the first half of the year, up 79 per cent on the same period in 2023.
The impressive H1 figure suggests the business will finish the year ahead of 2023 by year end, with the business having reported retail sales of £3.5million for the whole of 2023. The continued growth means Scan & Save has now earned retailers £5.8million since launch.
Shopper savings through the app have also seen growth with over £541,000 saved by shoppers in the first part of 2024, up 63 per cent on the same period of 2023. It means shoppers are on track to save over a million in 2024 through Scan & Save, with £1.8million having been saved since launch.
Total scans of the app’s AR vouchers also saw an upturn of 97 per cent versus H1 figures for 2023. Voucher taps and redemptions through Scan & Save were also up 100 per cent and 99 per cent respectively.
The number of stores trading with Jisp at the half year point also saw a jump of 59 per cent versus the same period in 2023. With the cost-of-living crisis still taking its toll on shoppers’ budgets, and by extension retailers sales, Scan & Save’s popularity has grown significantly as retailers look to offer value in their stores in a way that rewards loyalty and keeps shoppers coming back for more.
Shoppers meanwhile are looking for simple ways to save money, and Jisp’s app-based solution offers straightforward discounts and cash rewards to be spent back in store – top redeemers can save over £3,000 per year, while earning upwards of £800 in rewards.
“We ended 2023 exceptionally strongly and we were determined we would start 2024 in a similar rich vein of form,” said Jisp’s managing director, Ilann Hepworth. “Jisp’s proposition is extremely relevant in current market conditions. In the challenging environment shoppers, retailers and brands are all facing into, we offer a solution that provides brands with a promotional route to market, fully supported by an extensive retail media package, that drives sales, retailers receive a loyalty rewards platform that builds loyalty, grows footfall and basket size and enhances margin, and shoppers receive exclusive discounts on top brands while earning rewards at a level far exceeding those offered by other loyalty card schemes.”
Meanwhile, working with Bioderma and utilising its Scan & Win proposition, Jisp successfully delivered a multi-regional, simultaneous campaign activation in-store utilising smart digital, to connect auditable social actions with in-store execution.
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