The Home Depot’s retailer media network, Orange Apron Media, has partnered with retail media technology company Pentaleap Inc. to enhance its sponsored products strategy.
Orange Apron Media has incorporated Pentaleap's retail media technology to deliver more relevant, timely ads that align closely with shopper needs during their shopping journey, according to a media release.
Pentaleap’s Fluid Relevancy Engine, which utilizes an algorithm that processes extensive contextual data, helps Orange Apron Media dynamically position ads to the right customers at the right time.
"By integrating sponsored products with the intelligence that powers our site's relevancy, we ensure our advertisements are tailored to our shoppers,” Babcock added. “This approach boosts both customer satisfaction and advertiser experience.”
Advertisers have already been leveraging these enhanced sponsored ads, and Home Depot says it has already observed a “notable uptick” in returns on ad spend.
Pentaleap’s Retail Media Platform
This news coincided with Pentaleap unveiling its modular retail media platform, which creates an “open, efficient ecosystem” for advertisers and RMNs, including existing partners Staples, THG, Casio America and Pague Menos, according to a company statement.
For RMNs, the Publisher Manager portal gives “full control over site monetization” with tools like the Fluid Ad Server, SSP and yield management, designed to drive additional revenue without sacrificing relevancy, per the statement.
For advertisers, the Campaign Manager streamlines campaign creation, allowing them to tailor bids to priority terms, products and audiences with dynamic pacing, suggested bids and real-time reporting.
"We believe retailers should have the freedom to connect with any demand partners, fostering more open, efficient bid auctions," said Andreas Reiffen, CEO of Pentaleap. "Our goal is to make retail media accessible to all brands while ensuring seamless purchasing experiences. By promoting non-exclusive partnerships, we're committed to helping retailers thrive and compete with giants like Amazon."
"Amazon and Walmart have set a high bar for search ad coverage, consistently leading the way in showcasing sponsored products,” added Andrew Lipsman, independent analyst & consultant at Media, Ads + Commerce. “By closing the gap, other RMNs can accelerate their monetization simply by unlocking the potential from their existing inventory."
Pentaleap is currently in contract discussions with emerging RMNs in North America, South America, Australia and Europe, Middle East and Africa (EMEA).