Comic: Peak RMN?
Have we reached peak retail media yet? Seems like everyone’s got one! A comic styling by guest artist Michela Buttignol.
Have we reached peak retail media yet? Seems like everyone’s got one! A comic styling by guest artist Michela Buttignol.
Kroger Precision Marketing, the grocer’s advertising and data business, announced an expansion into CTV and video inventory channels. “It’s critical to … move into these channels that are increasing with respect to where advertisers are investing their dollars,” Kroger SVP Cara Pratt told AdExchanger.
The grocery chain Albertsons in-housed its advertising services and tech business in February, and is still making big changes to the group. “It’s really about owning the tech stack and the product vision,” said Evan Hovorka, head of retail media products.
Sam’s Club, the membership-based retailer owned by Walmart, recently rebranded its advertising business as the Member Access Platform (MAP) as it charts its own course alongside other emerging retail media platforms. The notion of “member access” is what sets Sam’s Club apart from other retailers that are focused entirely on advertising as a way to monetize customers, said Lex Josephs, a VP at Sam’s Club and GM of the MAP business.
Retail media is the hottest thing in online advertising and one of the most important categories for the future of programmatic growth. And the most important thing about retail media 2.0, a catchall for retailers using first-party data to target and monetize their audiences, is that the real value doesn’t come from the inventory or even who’s making the buy. It’s all about the data.