
At a time when social media networks are accelerating their move into ecommerce, "shoppable" ad formats, and
electronic retailing, a major retail media platform is extending its reach on one of the most popular ones. Kroger Precision Marketing this morning announced it has added Snapchat as a retail
media channel.
As part of the expansion, Kroger said it will be integrating its proprietary first-party retail data with Snapchat's "immersive ad formats," including "Snap Ads" and "Story Ads"
to its retail media network reach.
“With third-party cookies on the verge of extinction, brands need ways to connect with their customers and activate effective digital campaigns on
social platforms,” Kroger Precisions Marketing Senior Vice President Cara Pratt stated.
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Utilizing the data Kroger generates from its
loyalty card members, it said it will offer new Snapchat consumer targeting segments including:
- Current, Lapsed & New Brand Shoppers
- Package Label Qualifications
- Audience Extension Lookalikes
- Snapchat Interests & User Behavior
According to
recent estimates from GroupM, the retail media marketplace has already surpassed
$100 billion and is one of the fastest growing segments of the advertising marketplace.