Today, brands are embracing more channels to connect with customers and bring together their full online end-to-end consumer journey. With the advancement of retail media in recent years, opportunistic brands are able to utilize low funnel activations, such as retailer onsite search and banner media, to now utilize retailer customer data to take those sponsored ads to meta placements, entertainment services (e.g. Youtube) and instore screening.
As a channel, retail media is set to grow to a £25bn opportunity in Europe alone by 2027, and according to Forrester 70-90% of brands will depend on it for growth. With new features, packages and even retailers opening their proposition to embed retail media, this forecast could rise even further.