Retail technology company Jisp says sales have continued their upward trajectory, earning retailers almost £1.5m in the first quarter of 2024, up 104 per cent on the same period last year. This dramatic growth means Scan & Save has now achieved £5.4m in sales for retailers since launch.
With the cost-of-living crisis, including increasing rent and mortgage costs, still impacting the UK, shoppers have voted with their app selection with the number of registered Jisp app users jumping by 167 per cent.
This has seen Scan & Save shopper savings also surge in the period, up 115 per cent on the previous year, hitting £375,000 in only three months of the year. Total shopper savings since launch have reached almost £1.8m and continue to grow at pace.
The increase in daily Jisp app downloads by shoppers mirrors the trend of UK consumers seeking greater value and ways to make their budgets stretch further in a difficult financial climate.
Total scans of the app’s AR vouchers saw triple digit growth in Q1 2024 with an upturn of 125 per cent on Q1 figures for the previous year. Voucher taps and redemptions also enjoyed significant increases up 128 per cent and 130 per cent respectively. The average number of redemptions per store increased by 35%. The jump sees total redemptions since the launch of Scan & Save break through the 3m barrier.
“We finished 2023 brilliantly, with record shoppers, retailers and sales, and that trend has continued into 2024,” said Jisp’s managing director, Ilann Hepworth. “There is no doubt that as shoppers seek greater value and retailers look for ways to increase the profitability of their businesses to meet growing operating costs, Scan & Save has seen significant growth due to its ability to help on both of those counts.
“Shoppers benefit from industry leading discounts on the big brands they love, while retailers get footfall driving deals which enhance margin through our brand revenue share model. Brands also get a boost as traditionally you would see shoppers switch to own brand lines when budgets are impacted, but through Scan & Save people don’t need to trade down from their favourite branded products.”
