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News Briefs

  • 12/9/2024

    Skai Adds NIQ Digital Shelf Insights, Omnichannel Metrics

    skai NIQ retail media alliance

    Omnichannel advertising platform Skai and consumer and market research company NIQ (NielsenIQ) have formed a strategic alliance designed to enhance retail media performance with digital shelf intelligence and omnichannel measurement capabilities.

    NIQ’s Digital Shelf insights — including data on product content, inventory, pricing and promotions — are now accessible in Skai’s platform. This allows marketers to make real-time, data-driven adjustments to campaigns and boost performance across retail media networks globally, according to a Skai media release.

    “This collaboration unlocks capabilities we haven’t had access to before via any of our partners,” Harriet Dykes, retail media director at Dentsu, said in the release. “With metrics like total share of search, competitors’ paid and organic share and out-of-stock data directly accessible in Skai, we can set up automated, keyword-level actions for retailers across Epsilon and Criteo. This enables us to allocate budgets with precision and adapt in real time to outmaneuver competitors, marking a significant step forward in optimizing retail media performance for our clients.”

    The alliance can also help marketers:

    • Focus on keywords with low organic rankings and share of voice (SOV) for greater efficiency in paid media.
    • Adapt bids and strategies based on competitors’ paid and organic activity.
    • Leverage product quality insights to optimize content.
    • Dynamically adjust campaigns based on product availability and competitor stock levels.

    NIQ and Skai plan to expand on their collaboration, utilizing NIQ’s point-of-sales data to measure incrementality and exploring synergies between Skai Decision Pro’s forecasting capabilities and NIQ’s Media Mix Modeling solutions. These advancements aim to provide brands with a unified view of their media investments, enabling smarter strategies across the entire omnichannel commerce landscape.

    “Brands and agencies now have the tools they need to capitalize on retail media opportunities while staying agile in the face of market dynamics,” said Andrew Criezis, president of NIQ. “This alliance offers a comprehensive approach to optimizing retail media investments with real-time, actionable data.”

    “This collaboration is just the beginning, and we look forward to bringing even greater value and innovation to our clients in the months ahead,” added Gil Sadeh, president of Skai.

  • 12/4/2024

    Cyber Monday Outshines Black Friday

    cyber monday outshines black friday

    Commerce media company Criteo, which has insight into $1 trillion of annual e-commerce sales, shared Black Friday and Cyber Monday data with P2PI. The data looks at trends from the first 12 hours of Cyber Monday (midnight to noon ET) and compares sales results from that period to those from 2023. 

    Perhaps most notably, Cyber Monday outshined Black Friday. While online transactions in the U.S. saw only a 2% year-over-year (YoY) increase on Black Friday, Cyber Monday showed significantly stronger performance. During the first hours of the day, online transactions surged by 14% YoY, with unit sales experiencing double-digit growth across multiple verticals, including:

    • Luggage and bags: 41% 
    • Animals and pet supplies: +33% 
    • Apparel and accessories: +33%
    • Cameras and optics: +23% 
    • Sporting goods : +22% 

    “This year’s Black Friday results point to a strong holiday sales season, with consumers eager to spend on products despite a turbulent economic environment,” Criteo’s executive managing director for the Americas, Sherry Smith, told P2PI. “This heightened interest is a positive signal for brands and retailers that are looking to boost sales before the end of the year, and now is the time to continue the momentum by reaching consumers with personalized messaging wherever and whenever they shop — whether it's online, mobile, on social media or in-person. As AI investments surge, brands and retailers are poised to embrace AI-driven strategies — such as creative innovation and predictive commerce marketing — to eliminate guesswork, capitalize on growing consumer interest, and cultivate lasting customer loyalty in the year ahead.”

  • 12/4/2024

    Black Friday 2024 Consumer Trends

    black friday trends 2024

    GumGum, a contextual intelligence company that uses artificial intelligence to analyze content and determine consumer trends, revealed Black Friday shopper trends based on analysis of hundreds of thousands of digital web pages during the month of November.

    As the holiday season kicked off, Black Friday remained a critical moment for brands to capture consumer attention. GumGum’s contextual analysis highlighted the trends that shaped Black Friday 2024, from Amazon's dominance to surprising players in the grocery space, per a media release shared with P2PI. 

    Key findings include:

    • Amazon dominated Black Friday conversations with 43.6 million mentions from Nov. 1-27 — far outpacing Walmart (5.9 million) and Target (3.7 million).
    • Mentions of Black Friday surged from 2.1 million in October to 2.8 million in November.
    • Affordable fashion brands like H&M (975,000 mentions) and Target (3.7 million mentions) leaned heavily into Black Friday messaging, while luxury brands like Dior and Chanel fell behind.
    • Tech/electronics brands dominated search traffic, led by Samsung (7.9 million mentions) and LG (3.4 million). High-profile products such as the Samsung Galaxy were key drivers.
    • Black Friday isn’t just about shopping anymore — “it’s evolved into a holiday ritual,” GumGum said. Retailers like Kroger (814,000 mentions) and Aldi (3.1 million mentions) leaned into Thanksgiving dinner promotions, reflecting the event’s growing ties to family and festivities.
  • 12/2/2024

    Best Buy Creates Dedicated Breville Space in Select Stores

    breville best buy

    Best Buy is rolling out dedicated merchandising space for Breville kitchen products in nearly 50 stores nationwide for the holiday season. 

    The move is to provide shoppers a visible and easy access point to small appliances as they are a “popular choice on [holiday] wish lists,” the retailer said in a corporate blog post. The space will feature unboxed appliances and product information cards displayed above boxed items for purchase. 

    The lineup of Breville products merchandised in the space will include: 

    • Barista Touch Impress & Oracle Jet espresso machines.
    • Joule Oven Air Fryer Pro machines.
    • The Juice Fountain Cold XL juicers.

    “Whether you’re searching for the ideal gift for a loved one or just looking to make holiday hosting easier, these spaces showcase a lineup of different small appliances that bring the cafe and kitchen magic to your home,” the retailer said.  

    Additionally, Best Buy said its Blue Shirt experts/associates are available to help shoppers explore a variety of Breville products that can “elevate your kitchen experience.” 

  • 11/24/2024

    Salsify Appoints New Chief Financial Officer

    salsify

    Salsify, a product experience platform, has named David Forlizzi as its new chief financial officer. Forlizzi takes over for Mary Jefts, who is stepping down after more than seven years. She is one of the longest-serving executives outside of the company’s founders.  

    “[Jefts] has been a cornerstone of Salsify’s journey from the early days when we were under $10 million in revenue,” Piyush Chaudhari, CEO of Salsify, said in a media release. “Her leadership helped build the strong financial infrastructure we stand on today.” 

    Forlizzi will be responsible for overseeing Salsify’s global financial and IT business functions, driving productivity and bolstering a finance and IT team that will play a key role in supporting the company’s success.

    “Now, [Forlizzi] joins us at an exciting new chapter,” Chaudhari added. “His financial expertise and strategic vision are precisely what we need to scale further in this next phase of growth. With his leadership, we’re well-positioned to build on our success, tap into new market opportunities that build value for our customers and reinforce Salsify’s role as the leader in the rapidly advancing [product experience management (PXM)] space.”

    Forlizzi brings more than two decades of experience in financial leadership roles at both private and publicly traded technology companies to Salsify. Most recently, he served as CFO at Veracode, where he led the financial strategy to support expansion and its position in the cybersecurity SaaS space. Before Veracode, he served 11 years as CFO at Infovista, a global software and services company. He began his career at PricewaterhouseCoopers, advising technology companies across Boston and Europe, on growth strategies and financial discipline, per the release.

    “I am excited to join Salsify at such a pivotal time in the company’s growth journey,” Forlizzi said. “I’m looking forward to contributing to Salsify’s next chapter of growth, building strong relationships with the Salsify team, customers and investors, while driving financial and operational excellence across the organization.”

    Forlizzi is also a certified public accountant and a graduate of Bentley College in Waltham, Massachusetts, with a Bachelor of Science degree in accountancy. 

    Salsify currently has more than $200 million in cash and no debt, according to the company. In 2023, 70,000 Salsify PXM users across 140 countries completed 365 million automated workflow tasks, publishing 740 million products across 950 destinations worldwide. Salsify said the move was bolstered by a $38 million investment in research and development and an expanded global customer success team.

  • 11/19/2024

    CVS Media Exchange Introduces Private Marketplace

    cvs media exchange

    CVS Media Exchange (CMX), CVS Health’s retailer media network, recently introduced the CMX Private Marketplace, giving marketers a more direct way to access and roll out enhanced Sponsored Product campaigns. 

    [Also Read: CVS Media Exchange Launches Self-Serve Offering]

    As highlighted on CMX’s website, the new Private Marketplace offers brands:

    • An enhanced Sponsored Product experience that strategically places brands to help guide consumers as they’re considering purchases in high-intent areas of CVS.com. According to CMX, this solution expands targeting capabilities to reach customers beyond a brand’s category — whether in-grid, within results or on product detail pages.
    • Access to 14- and 30-day lookback windows, allowing brands to see offline sales insights at the SKU level for a campaign. By combining Sponsored Product and Dynamic Ranking, marketers can also unlock “more sought-after top slots for better brand visibility.” 
    • Assistance building, monitoring and optimizing campaigns so brands can launch in “as little as two business days.”
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