88% of brands say they’re pressured to use retailers’ media networks
The growth in brands using retail media networks (RMNs) is being fueled by pressure from retailers, according to a new report. Eighty-eight percent of the companies surveyed by the Association of National Advertisers said they are somewhat or heavily influenced by retailers to buy advertising on their RMNs.
“It’s a power struggle right now,” according to an anonymous advertiser quoted in the report titled “Retail Media Networks: A Forced Marriage or A Perfect Partnership.” “For many brand marketers, RMNs are seen to be a ‘have to buy’ versus a ‘want to buy.’”
Dig deeper: Why we care about retail media networks
Further, one advertiser said they “play defense as much as offense with retail media networks.” Explaining that because of “economic uncertainty and rising inflation, consumers can switch to private label and the retailers own these. We use RMNs to protect our brands as much as build our brands.”
