Skip to content
Search
AI Powered
Latest Stories

Jisp retailers thriving despite UK recession

Jisp retailers thriving despite UK recession

Scan & Save retailers are thriving despite news of the UK slipping into a technical recession following a 0.3 per cent drop in GDP in the last quarter of 2023.

The Office for National Statistics (ONS) revealed this February a 0.3 per cent decline in gross domestic product (GDP) between October and December 2023, which followed on from a 0.1 per cent drop in the previous quarter.


Contrary to market conditions, retailers working with Jisp to offer customers Scan & Save are seeing significant growth in their businesses, with the app being identified as delivering 20 per cent growth in store turnover.

"As a convenience store owner, partnering with Jisp has been a game-changer for my business,” said Harmeet Singh, Nisa Local Convent Road, Ashford. “The discounts they provide not only attract more customers but have significantly boosted my turnover by nearly 20 per cent. Their commitment to supporting small businesses is truly commendable."

Retailers have already seen returns of £900,000 in the year so far through Jisp’s Scan & Save, with the app encouraging repeat visits to stores through discounts that are available everyday of a promotional period.

“Since we joined Jisp our sales have shot up by about 15 per cent, meaning extra profit. It was one of the best decisions we ever made,” said Jav Iqbal, Nisa Local Feltham Road, Ashford. “If you are willing to put the time and effort into Jisp then the rewards are amazing.”

Jisp’s top three performing stores are certainly reaping the rewards. Between them, Pak Supermarket, Nisa Colley Gate and Best One Avondale have racked up almost 150,000 redemptions between them since the start of the year. That’s a lot of additional sales and margin enhancing top ups, with retailers receiving an extra 6p every time a voucher is tapped and redeemed against a product in their store.

With the country still in the grip of a cost-of-living crisis, the discount and loyalty rewards platform is helping many families weather the storm of increased household bills and diminishing grocery budgets.

Whereas the rewards on many loyalty schemes are capped at a certain amount, Jisp’s promise of 10p back on every product purchased through Scan & Save is not only sector leading, it’s allowing top redeemers to earn hundreds of extra pounds to spend in their local store, while also saving over £3,000 annually on groceries.

“With the country falling back into a recession and the cost-of-living crisis still raging on, we’re pleased to offer some respite to retailers and their customers,” said Esther Lawrence, Jisp’s retail director. “Scan & Save is helping retailers offer a genuinely rewarding loyalty package to their customers, which given how pinched budgets are currently is having the added benefit of keeping shoppers coming back more often.

“The discounts and reward customers can earn exceed many offered through the nation’s supermarkets, and the footfall, sales and margin driving nature of the app means retailers reap the reward as well. It’s a win-win scenario.”

More for you

Britvic growth in annual revenue and profits

Strong numbers for Britvic

Britvic, the soft drinks manufacturer set to be acquired by Carlsberg, has posted robust annual results after investment in marketing and product innovation helped it maintain demand for its brands.

Over the year to Sept 30, the company’s pre-tax profits climbed 10.5 per cent to £173.2 million despite a £21.3m hit related to the proposed Carlsberg deal. Britvic stated that its growth was driven by both volume and price-mix, with strong demand for brands such as Pepsi, Tango, Lipton, MiWadi and Ballygowan.

Keep ReadingShow less
Met Police identifies four suspects in Post Office Horizon scandal

Met Police identifies four suspects in Post Office Horizon scandal

The Metropolitan Police has identified two new suspects in its investigation into possible criminal offences as part of the Post Office Horizon scandal. This takes the total number of individuals to four as the force also revealed it believes more suspects will be identified as the inquiry progresses.

Scotland Yard said members of the investigation team met with Sir Alan Bates, the leading Post Office campaigner, and fellow victims to update them on the development.

Keep ReadingShow less
Discover Britain's top hotspots for independent shops

(Photo by Chris J Ratcliffe/Getty Images)

Discover Britain's top hotspots for independent shops

New research by American Express Shop Small reveals the nation’s top 10 hotspots for independent shops, showcasing the small businesses and the valuable role they plan in their local communities.

American Express partnered with retail experts GlobalData to identify the top high streets for independent shops through ranking factors such as the number of independent outlets, variety of business types, and vibrancy of the high street.

Keep ReadingShow less
'Walkable high streets boost economy'
(Photo by Christopher Furlong/Getty Images)
Getty Images

'Walkable high streets boost economy'

Shoppers who walk and wheel spend more than those arriving by car, states a recent report, demonstrating the significant economic and social benefits of investing in walkable town centres, challenging traditional views on urban accessibility.

The findings published in third edition of "The Pedestrian Pound Report", recently published by Living Streets, the UK charity for everyday walking, come at a critical juncture for British high streets, with a record number of retail failures in 2022 and a vacancy rate of nearly one in seven by the end of 2023.

Keep ReadingShow less
Yvette Cooper

Home secretary Yvette Cooper speaking at the annual conference hosted by the NPCC and APCC on 19 November 2024

Photo: GOV.UK

Home secretary pledges to restore neighbourhood policing

Home secretary Yvette Cooper has announced plans to rebuild neighbourhood policing and combat surging shop theft as part of an ambitious programme of reform to policing.

In her first major speech at the annual conference hosted by the National Police Chiefs’ Council and Association of Police and Crime Commissioners on Tuesday, Cooper highlighted four of the key areas for reform: neighbourhood policing, police performance, structures and capabilities, crime prevention.

Keep ReadingShow less