With retail media networks continuing to attract a significant increase in media dollars from endemic advertisers — one estimate from eMarketer puts omnichannel retail media spend in 2024 at just under $60 billion — there’s one part of the business that’s been almost overlooked. Ironically, it’s the part of the business that’s been around longest: in-store media.
Granted, a lot of the hype driving significant growth among RMNs is the ability to link shopper data with viewership on CTV and other digital platforms. But some companies are now taking steps to help improve stats that support in-store media efforts, which remain a part of campaigns — things like foot traffic, conversion rates, unique visitors, engagement levels and others.
Last week, in-store ad provider Vibenomics partnered with measurement firm Pathformance to develop more advanced in-store measurement tools that aim to tackle inconsistencies in evaluating and delivering in-store impressions. The first effort will address in-store audio with an eventual goal to assess in-store video, given how much digital out-of-home networks are leaning toward that medium.
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