Marketers and agencies grapple with divisions over who controls retail media spend
Executive dysfunction behind the scenes at brand advertisers is making it harder for them to track and direct retail media investments.
The segment is one of the fastest growing areas of investment (accounting for over $140 billion of global ad spend, per eMarketer) and has provided a new stream of revenue for major retailers in the U.S., U.K. and Europe.
In Target’s latest earnings report, for example, strong performance at its retail media unit ($649 million in annual revenue, a 25% increase over 2023) offset gloomy net revenues across the rest of its business. Walmart’s retail media ad business tells a similar story, having grown 27% year over year in 2024 to net in $4.4 billion in global ad revenue.
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