{"id":8062,"date":"2024-07-02T18:09:42","date_gmt":"2024-07-02T18:09:42","guid":{"rendered":"https:\/\/tup.kxe.temporary.site\/3-challenges-for-marketers-as-retail-media-networks-evolve\/"},"modified":"2024-07-02T18:09:42","modified_gmt":"2024-07-02T18:09:42","slug":"3-challenges-for-marketers-as-retail-media-networks-evolve","status":"publish","type":"post","link":"https:\/\/okdesign.ca\/en\/3-challenges-for-marketers-as-retail-media-networks-evolve\/","title":{"rendered":"3 challenges for marketers as retail media networks evolve"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>While retail media networks (RMNs) continue to evolve, they are fragmented and confusing for brands. Two experts in data and marketing\u00a0 \u2014 Keen CEO Greg Dolan and Len Ostroff, SVP of sales and partnerships at Crisp \u2014 spoke about RMNs <a rel=\"nofollow noopener\" href=\"https:\/\/martech.org\/conference\/spring\/\" target=\"_blank\">at The MarTech Conference<\/a> (free registration to view the entire program).<\/p>\n<p>Here are the three biggest challenges of RMNs and insights into how marketers can overcome them.<\/p>\n<p><strong><em>Dig deeper: <\/em><\/strong><a rel=\"nofollow noopener\" href=\"https:\/\/martech.org\/why-we-care-about-retail-media-networks\/\" target=\"_blank\"><strong><em>Why we care about retail media networks<\/em><\/strong><\/a><\/p>\n<p>Your customer\u2019s journey is more complicated than ever. If you\u2019re a brand that depends heavily on retailers \u2014 for instance, a consumer packaged good \u2014 many of the important steps the customer makes are on a retailer\u2019s website or in a store. Much of the data that proves the effectiveness of marketing campaigns is owned by these retailers.<\/p>\n<p>Len spoke about his experience in digital advertising, where he found that retailers shared a lot of data with their suppliers. The tricky part for marketers is that there\u2019s no standard for how the data is shared and no standard way to compare measurements across retailers. (Last year, the IAB kicked off a process for the industry to standardize <a rel=\"nofollow noopener\" href=\"https:\/\/martech.org\/iab-releases-new-guidelines-as-retail-media-networks-mature\/\" target=\"_blank\">by releasing measurement guidelines<\/a>.)<\/p>\n<p>Although the disparity in measurement standards presents a challenge to marketers, brands must explore the advertising opportunities available through each retail network \u2014 because within those networks are the touchpoints close to your customers\u2019 sales.<\/p>\n<p>Here, Len explains why data from different retailers is important and how marketers use it.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/martech.org\/3-challenges-for-marketers-as-retail-media-networks-evolve\/about:blank\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\" style=\"position:absolute;top:0;left:0;width:100%;height:100%;\" title=\"Integrations and the future of marketing data: Retailers share a lot\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/player.vimeo.com\/video\/951190944?badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479\"><\/iframe><noscript><iframe src=\"https:\/\/player.vimeo.com\/video\/951190944?badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\" style=\"position:absolute;top:0;left:0;width:100%;height:100%;\" title=\"Integrations and the future of marketing data: Retailers share a lot\"><\/iframe><\/noscript><\/p>\n<p>Just because your valued customers make purchases through similar processes at different retailers doesn\u2019t mean the retailers themselves have similar RMNs. Each retailer has taken a unique approach in building its RMN.<\/p>\n<p>The consequences of this mean that a media strategy that works well at one retailer might not necessarily follow for another. Each RMN has its own particular \u201cspin.\u201d Marketers must compare and match what the RMN offers with the brand\u2019s campaign goals.<\/p>\n<p>In the video below, Len and Greg discuss how RMNs have evolved. Hearing about their experience makes it easier to see why each RMN is so different.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/martech.org\/3-challenges-for-marketers-as-retail-media-networks-evolve\/about:blank\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\" style=\"position:absolute;top:0;left:0;width:100%;height:100%;\" title=\"Integrations and the future of marketing data: Evolving market\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/player.vimeo.com\/video\/951191736?badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479\"><\/iframe><noscript><iframe src=\"https:\/\/player.vimeo.com\/video\/951191736?badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\" style=\"position:absolute;top:0;left:0;width:100%;height:100%;\" title=\"Integrations and the future of marketing data: Evolving market\"><\/iframe><\/noscript><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-loyalty-is-the-gold-standard-for-data\">Loyalty is the gold standard for data<\/h2>\n<p>Not all customer data is equal. When engaging existing customers, loyalty data is perhaps the most valuable in driving repeat purchases and finding out what campaign strategies work best.<\/p>\n<p>Many retailers have loyalty programs and memberships. Sam\u2019s Club, for instance, requires membership for retail customers <a rel=\"nofollow\" href=\"https:\/\/martech.org\/sams-clubs-retail-media-network-rolls-out-new-experience-and-targeting-capabilities\/\">and also has an RMN<\/a>. Brands can establish loyalty programs of their own. These programs are crucial for amassing first-party data, which is more important than ever with the deprecation of third-party cookies and new privacy regulations.<\/p>\n<hr\/>\n<hr\/>\n<p>Len explains here why he thinks loyalty data is so important. If you\u2019re a retailer, it\u2019s driving your RMN. If you\u2019re a brand, it\u2019s a game changer for which RMNs you include in your digital strategy.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/martech.org\/3-challenges-for-marketers-as-retail-media-networks-evolve\/about:blank\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\" style=\"position:absolute;top:0;left:0;width:100%;height:100%;\" title=\"Integrations and the future of marketing data: Loyalty data is gold\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/player.vimeo.com\/video\/951192617?badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479\"><\/iframe><noscript><iframe src=\"https:\/\/player.vimeo.com\/video\/951192617?badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\" style=\"position:absolute;top:0;left:0;width:100%;height:100%;\" title=\"Integrations and the future of marketing data: Loyalty data is gold\"><\/iframe><\/noscript><\/p>\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile is-vertically-aligned-center has-black-color has-white-background-color has-text-color has-background\" style=\"grid-template-columns:44% auto\">\n<figure class=\"wp-block-media-text__media\"><a rel=\"nofollow\" href=\"https:\/\/www.surveymonkey.com\/r\/HN2NQGJ\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" width=\"549\" height=\"354\" alt=\"2024 Replacement Survey Logo\" class=\"wp-image-392896 size-full\" srcset=\"https:\/\/martech.org\/wp-content\/uploads\/2024\/06\/2024-replacement-survey-logo.png.webp 549w,https:\/\/martech.org\/wp-content\/uploads\/2024\/06\/2024-replacement-survey-logo-524x338.png.webp 524w,https:\/\/martech.org\/wp-content\/uploads\/2024\/06\/2024-replacement-survey-logo-175x113.png.webp 175w\" data-lazy-sizes=\"(max-width: 549px) 100vw, 549px\" src=\"https:\/\/i0.wp.com\/martech.org\/wp-content\/uploads\/2024\/06\/2024-replacement-survey-logo.png.webp?resize=549%2C354&#038;ssl=1\"\/><img data-recalc-dims=\"1\" fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" width=\"549\" height=\"354\" src=\"https:\/\/i0.wp.com\/martech.org\/wp-content\/uploads\/2024\/06\/2024-replacement-survey-logo.png.webp?resize=549%2C354&#038;ssl=1\" alt=\"2024 Replacement Survey Logo\" class=\"wp-image-392896 size-full\" srcset=\"https:\/\/martech.org\/wp-content\/uploads\/2024\/06\/2024-replacement-survey-logo.png.webp 549w,https:\/\/martech.org\/wp-content\/uploads\/2024\/06\/2024-replacement-survey-logo-524x338.png.webp 524w,https:\/\/martech.org\/wp-content\/uploads\/2024\/06\/2024-replacement-survey-logo-175x113.png.webp 175w\" sizes=\"(max-width: 549px) 100vw, 549px\"\/><\/a><\/figure>\n<\/div>\n<p><!-- START INLINE FORM --><\/p>\n<p><!-- END INLINE FORM -->\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/martech.org\/3-challenges-for-marketers-as-retail-media-networks-evolve\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While retail media networks (RMNs) continue to evolve, they are fragmented and confusing for brands. Two experts in data and marketing\u00a0 \u2014 Keen CEO Greg Dolan and Len Ostroff, SVP of sales and partnerships at Crisp \u2014 spoke about RMNs at The MarTech Conference (free registration to view the entire program). Here are the three [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":8063,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-8062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>3 challenges for marketers as retail media networks evolve - OK Design<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/okdesign.ca\/en\/3-challenges-for-marketers-as-retail-media-networks-evolve\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 challenges for marketers as retail media networks evolve\" \/>\n<meta property=\"og:description\" content=\"While retail media networks (RMNs) continue to evolve, they are fragmented and confusing for brands. Two experts in data and marketing\u00a0 \u2014 Keen CEO Greg Dolan and Len Ostroff, SVP of sales and partnerships at Crisp \u2014 spoke about RMNs at The MarTech Conference (free registration to view the entire program). 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