Tech firm Jisp has seen retail sales rocket over £2.2m in the first half of 2024, up 79% compared to H1 2023. The business believes it is on track to top 2023’s retail sales of £3.5m.
The number of stores trading with Jisp has risen 59% since H1 2023, with Scan & Save’s popularity growing during the cost of living crisis. The loyalty scheme has earned retailers £5.8m since launch.
Shopper savings through the app reached £541,000 in H1 2024, up 63% on H1 2023. Jisp claims Scan & Save shoppers look set to save over a million pounds in 2024, with £1.8m having been saved since launch.
Total scans of the app’s AR vouchers also saw an upturn of 97% versus H1 figures for 2023. Voucher taps and redemptions through Scan & Save were also up 100% and 99% respectively.
The firm claims its 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.”
Following its launch at the Confex Trade Show in March, Jisp’s new wholesale specific loyalty platform, Jisp claims that ‘Confex Savings Club’ has attracted a lot of interest from Confex members up and down the UK resulting in a number of wholesalers registering with Jisp to take Confex Savings Club into their businesses.
