Often that is about using existing retail media in considered and inventive ways, such as arresting video on product detail pages, or an ingenious way of using search to switch and disrupt the consumer journey.
A helpful reframing of retail media is to think about it not as media at all. Instead, consider the experience of a placement or activation, and don’t just focus on a single moment but points in a customer journey that build toward a transaction.
Retail media is about three steps:
Connect: Get the planning and the plumbing right up front. Connect the program, the people and the processes to cover the entire journey. Work through what’s behind the shelf (channel planning, category planning, assortment pricing), at the shelf (product content, CX/UX, ratings and reviews) and where the shopper goes beyond the shelf (CRM, shoppable media)
An end-to-end approach leads to holistic solutions, like the award-winning “Walmart & So Yummy 360° Shoppable Campaign.” The idea centered on So Yummy’s food reality show competition, “Unbox’d.” Each episode featured three social media food influencers competing to create the best meal from a surprise box of ingredients, with shoppable recipes that led to Walmart.com.
Create: To resonate with consumers, retail media requires insights to fuel the creative process. Mars Pet Nutrition and Mediacom in Australia observed a trend on social media for cat owners to turn delivery boxes into feline playgrounds. So, they partnered with Amazon, and transformed the boring brown box into an innovative media space. Three worlds of play were presented by Mars’ cat food brand Whiskas—a cat castle, office and car. A QR code on the boxes led to a brand page on Amazon, with instructions on how to construct the playgrounds and encouraging sharing on social media.
Convert: Like all things in retail and commerce, it comes down to execution. Do points 1 and 2 well, and you’ll see better sales conversion on any shelf. In the Mars example above, there was a 70% uplift in ad-attributed sales on Amazon and ROI increase of 4.6%.
It’s not rocket science. And it shouldn’t be purely science. Just don’t ignore the art of retail media. Creativity is the missing link that can make all the difference.