Retail sales up 110% through Jisp

The number of users of Jisp’s Scan & Save mobile app were up by 8% in February 2024 when compared to the previous month, while retail sales up by 27% on January 2024 and 110% on same period in 2023.

Jisp said it is seeing an increase of use in its Scan & Save app as consumers demand value.

February saw increases in the core metrics across the app, with scans, taps and redemptions up 45%, 43% and 42% respectively versus January 2024.

When compared to the same period in 2023, there are increases of 150%, 177% and 174% across the same metrics.

The amount shoppers saved was up 38% in February 2024 on the month previously, and 144% in the same period in 2023.

Retail sales through Jisp rise 342% in 2023

Ilann Hepworth, managing director at Jisp, said: “The cost-of-living crisis is unrelenting, and the recent budget announcement has done little to allay the broader concerns of many cash strapped shoppers.

“It’s not surprising then that shoppers are seeking value and exploring ways they can save and earn extra cash. Scan & Save has been delivering that value to shoppers far and above what other loyalty and rewards platforms can offer, and shoppers recognition of that value is a driving force behind the phenomenal growth we’re experiencing.”

Retail sales for February 2024 were up 27% on the month previous, returning more than £500k in the month, bringing retail revenue to almost £1m in only the first two months of the year, Jisp claimed.

Total retail sales reached £3.5m for 2023, with Jisp suggesting that 2024 is on track to significantly outperform the previous year’s figures.

Hepworth continued: “We’re also unique in that over 50% of our brand funding is put back into the supply chain, supporting independent convenience stores, through our margin enhancement model, shoppers, through our loyalty reward payments, and charities, while our brand partners secure a targeted digital marketing package which drives sales and offers the lowest cost per acquisition on the market.”