🚀 𝗛𝗼𝘁 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗜𝗔𝗕 𝗘𝘂𝗿𝗼𝗽𝗲 𝗪𝗼𝗿𝗸𝘀𝗵𝗼𝗽 𝗶𝗻 𝗣𝗮𝗿𝗶𝘀! 🚀 Our team just returned from Paris, where IAB Europe’s workshop on In-Store Retail Media delivered some valuable insights. Alongside our own Retail Media experts, Courtland Dearing and Thao Tram Lam, Jonathan Scheepers, Monetisation Strategist at Criteo, also participated. He shared key takeaways that we've highlighted in the post below. Building on Jonathan's insights, Courtland, our team lead Retail Media Technology & Innovation, had some powerful insights to share: 1️⃣ 𝗡𝗼𝗻 𝗮𝗻𝗱 𝗡𝗲𝗮𝗿-𝗘𝗻𝗱𝗲𝗺𝗶𝗰 𝗔𝗱𝘃𝗲𝗿𝘁𝗶𝘀𝗲𝗿𝘀: Essential groups to target for capturing linear TV budgets. Crafting a strategy for these advertisers can significantly boost your retail media impact. 📺 2️⃣ 𝗔𝘂𝗱𝗶𝗲𝗻𝗰𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: Your in-store shopping audience is a key differentiator. Leverage your loyalty program to gain valuable insights and stay ahead of the competition! 🛒 3️⃣ 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝗠𝗲𝗮𝘀𝘂𝗿𝗲𝗺𝗲𝗻𝘁: In-store media measurement is ripe for innovation. From calculating incremental sales uplift to measuring the ROPO (Research Online, Purchase Offline) effect, Retail Media Networks (RMNs) are exploring new ways to offer these insights for the first time. 🚀 We at DOUGLAS Marketing Solutions are thrilled about what's coming next! Don't miss out—subscribe to our newsletter to stay ahead with the latest in Retail Media, in-depth case studies, exclusive insights, and expert analyses. Join the excitement and be part of the future of Retail Media! 🔥 https://lnkd.in/eJUPrqTT #RetailMedia #InStoreMarketing #DigitalMarketing #DOUGLASMarketingSolutions #MarketingTrends
Back from Paris where IAB Europe hosted an excellent workshop at our Criteo office with leading retailers across the region on the topic of 𝐈𝐧-𝐒𝐭𝐨𝐫𝐞 𝐑𝐞𝐭𝐚𝐢𝐥 𝐌𝐞𝐝𝐢𝐚. Key takeaways for me: 1️⃣ The use of retailer 1st party data in targeting, planning & execution, and measurement is critical in the definition of what is considered Retail Media. Today, definitions vary between European markets and verticals and a standardised framework needs to accommodate for these nuances. 2️⃣ Consistency in definition of, and standards for metrics between digital and physical Retail Media (as well as the broader digital marketing ecosystem) should be preserved for broader adoption by advertisers and scalability of activation. 3️⃣ Methodologies adopted by retailers for measuring sales uplift and incrementality reflect unique characteristics of the businesses and their shoppers' (omni-channel) journey. Most variables used for calculating success metrics are common across retailers though, which allows for a higher degree of standardisation and robustness of performance measurement. Looking forward to continuing the work on this topic over summer and working towards an IAB industry framework. Ahold Delhaize Auchan Retail Douglas Marketing Solutions dunnhumby ICA Gruppen Kingfisher plc MediaMarktSaturn Retail Media Retailink by Fnac Darty REWE Group SMG