Crealytics Releases H1 2024 Sponsored Products Benchmarks Report
Thursday, May 16, 2024
NEW YORK, May 8, 2024 /PRNewswire/ -- Crealytics, a leading ad tech firm in the retail media industry, today released its 1H24 Sponsored Products Benchmarks Report. The report offers invaluable insights into the rapidly evolving world of online retail media, with a focus on sponsored product ads across various retail media networks (RMNs).
The report highlights a significant opportunity for retailers beyond Amazon to capture a larger share of the e-commerce advertising market. As Amazon generates the majority of its ad revenue through on-site monetization--particularly sponsored products which contribute an impressive 75%--other retailers can learn from this model and optimize their own retail media networks to tap into this lucrative revenue stream.
"Our latest report highlights the immense potential of retail media advertising and the critical role of sponsored product ads in driving revenue growth," said Lars Djuvik, CSO of Crealytics. "While an omnichannel approach is essential, sponsored product ads form the core foundation, often accounting for up to 70% of retail media revenue. By providing valuable benchmarks and insights, we aim to help businesses optimize their strategies and unlock their full potential."
Key findings from the report include:
-- A comprehensive ranking of RMNs based on sponsored product ad
performance, including metrics such as ad coverage, attention, and page
placement.
-- Insights into the most dominant brands in retail media and their
advertising strategies.
-- A look at how well RMNs cover long-tail searches and the opportunities
for improvement.
-- Seasonal category trends, including Christmas and New Year, and the
impact of major events like CeraVe's Superbowl ad push.
The Crealytics Sponsored Products Benchmarks Report H1 2024 is now available for download here. For more information or to schedule an interview with a Crealytics spokesperson, please contact press@crealytics.com.
About Crealytics:
The world's leading retailers use Crealytics' retail media and performance marketing solutions to conquer the modern digital advertising landscape. With an approach based on measurement, incrementality, and data activation, Crealytics' advanced technologies and agency services drive revenue for more than 60 of the world's largest eCommerce brands, including ASOS, Foot Locker, and Urban Outfitters. Crealytics' diverse, inclusive work environment includes over 200 international employees who work remotely and from worldwide offices, including New York, Berlin, London, and Mumbai. For more information, please visit crealytics.com.
Contact
Rodrigo Ceron,
Field Marketing Director
press@crealytics.com
View original content:https://www.prnewswire.com/news-releases/crealytics-releases-h1-2024-sponsored-products-benchmarks-report-302139247.html
SOURCE Crealytics
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