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The CPG Guys

Retail Media 2024 recap with Andrew Lipsman - Media, Ads + Commerce

Dec 25, 2024
Andrew Lipsman, Founder of Media Ads & Commerce, shares his deep insights on the evolution of retail media networks. He discusses the major shifts of 2024, including how retailers are embracing RMNs as authentic media channels. Lipsman also reveals findings from a recent survey on RMN spending, motives behind it, and the urgency for marketers to adapt to these changes. The conversation highlights the pivotal role of data-driven marketing and the importance of understanding new advertising strategies in a rapidly transforming retail landscape.
44:04

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Retail Media Networks are evolving as retailers transition into media entities, yet many face internal resistance in integration.
  • Brands are realigning their retail media strategies to incorporate upper-funnel tactics, emphasizing the importance of first-party data usage.

Deep dives

The Rise of Retail Media Networks (RMNs)

Retail Media Networks (RMNs) have gained significant traction in recent years, driven largely by the success of platforms like Walmart Connect and Amazon. Retailers are now recognizing the need to evolve into media companies as they grapple with the increasing demand for media capabilities from stakeholders, including investors. Despite this shift, many retailers face resistance in integrating media and merchandising, as their core competencies traditionally lie in retail operations. The 2025 outlook indicates that a critical transition is underway, where retailers may finally embrace their media potential, but this will require overcoming internal organizational barriers.

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