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In-store retail media spending will exceed $1 billion by 2028
Retail media’s digital ascent has created momentum for physical stores as the next frontier
Cost, complexity, and competing priorities will hinder momentum
Retailers exploring digital in-store media can leverage current capabilities for near-term strategies
The in-store retail media landscape is complex, but there are multiple paths to success
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About This Report
Physical stores are the new frontier for retail media. But undeveloped tech capabilities, competing priorities, and unproven new formats are hurdles retailers need to address.
In-store retail media spending will exceed $1 billion by 2028
Retail media’s digital ascent has created momentum for physical stores as the next frontier
Cost, complexity, and competing priorities will hinder momentum
Retailers exploring digital in-store media can leverage current capabilities for near-term strategies
The in-store retail media landscape is complex, but there are multiple paths to success
Sources
Media Gallery
The rapid growth of online retail media coupled with increased in-store digital connectivity highlights the potential for physical stores as the next frontier for retail media. But lagging tech capabilities, competing priorities, and unproven new formats create an uncertain path forward for retailers.
Key Question: How big is the opportunity for in-store retail media, and what should retailers and brands focus on in the near term?
Key Stat: By 2028, in-store retail media spend will reach over $1 billion but will make up less than 1% of total omnichannel retail media ad spending.
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Table of Contents
Executive Summary
In-store retail media spending will exceed $1 billion by 2028
Retail media’s digital ascent has created momentum for physical stores as the next frontier
Cost, complexity, and competing priorities will hinder momentum
Retailers exploring digital in-store media can leverage current capabilities for near-term strategies
The in-store retail media landscape is complex, but there are multiple paths to success
In-Store Retail Media Spend Will Top $1 Billion—but Will Not Reach 1% of Total Retail Media—by 2028 (billions in US in-store retail media ad spending, % change, and % of omnichannel retail media ad spending, 2024-2028)
In-Store Retail Media Spend Will Top $1 Billion—but Will Not Reach 1% of Total Retail Media—by 2028 (billions in US in-store retail media ad spending, % change, and % of omnichannel retail media ad spending, 2024-2028)
In-Store Retail Media Spend Will Top $1 Billion—but Will Not Reach 1% of Total Retail Media—by 2028 (billions in US in-store retail media ad spending, % change, and % of omnichannel retail media ad spending, 2024-2028)
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