Retail media networks will challenge Google and Meta in Canada. While the duopoly will command 60.4% of digital advertising in Canada in 2023, retail media networks—including Amazon Media, Walmart Connect, and Loblaw Media in Canada—are catching up with ecommerce-related search and display.
Consumer purchase history is the main attraction. The duopoly relies on behavioral data (e.g., search history on Google, interests and browsing activity on Meta’s properties). But retail media relies on rich, first-party consumer purchase data.
- Brands in Canada cited first-party data as the primary benefit of working with retail media networks, per August 2022 Merkle polling.
- Retail media has a data advantage that fills the void left by cookie deprecation and the removal of third-party identifiers.