Chance Chapman
EVP, Growth, Innovation and Media
VML Commerce
Chance Chapman leads the integration of creative commerce into retail media, emphasizing creativity as a crucial multiplier of clients’ investments. He has worked to deliver relevant, actionable, measurable media activations to consumers where they are, at the right time, across all retail media platforms and digital channels. Recent work includes the award-winning retail media campaign, OreoCodes, a commerce experience that taps into the minimalistic similarity between bar codes and a stack of Oreos, allowing customers to get offers directly from its all-time complementary partner, milk, that are redeemable at retail locations. Another recent effort was Lucky Charmology, where consumers scan their cereal bowl using technology created by VML’s in-house tech lab, which reveals a personalized fortune based on the magical charms in their bowl. The program has seen successful brand engagement with Lucky Charms while also turning every fortune into a repeat usage occasion, encouraging repeat purchases in partnership with Target. Chapman is an active member of the IAB Retail Media Measurement Group, where he contributes to establishing industry-wide retail media measurement guidelines and developing solutions that improve the interactive advertising and marketing ecosystem. In January, IAB unveiled the final version of the Retail Media Measurement Guidelines, a testament to collaborative expertise and industry-wide consensus. This comprehensive framework is not just a set of standards but a roadmap to enhanced transparency and consistency in retail media measurement.
The next big trend in retail media is: 1. Unified commerce approach. The shift from silos of e-commerce, customer and brand teams to a truly holistic approach, emphasizing seamless consumer experiences.
2. Convergence of retail models. The merging of first-party online retailer and marketplace models, driving strategic shifts in retail media to support diverse sellers and sophisticated, brand-centric advertising campaigns.
3. Balancing supplier and retailer relationships. Finding balance as suppliers seek more value from their investments in retail media and retailers seek increased investments from suppliers. Addressing the complexity of comparing trends across different retail media networks requires cohesive strategies and industry standards to maintain and strengthen these crucial partnerships.
The most exciting opportunity in retail media is: The rise of creative commerce, where innovative, brand-centric solutions are driving both sales results and brand love. This approach integrates creativity with commerce strategies, demonstrating that compelling, award-winning campaigns can effectively enhance consumer engagement and boost sales, setting a new standard for excellence in the industry.
The future of retail media is: Up and to the right. As retail media continues to evolve and expand, it will play an increasingly pivotal role in the commerce ecosystem, driving innovation and delivering measurable outcomes. Retail media spend is projected to reach $129 billion in the U.S. by 2028, driving the increasing importance of data quality and technology advancements to enable better targeting, measurement and optimization capabilities across various ad channels.