Retail Media Therapy

Grace & Co | Retail Media Experts

Join us for a spot of Retail Media Therapy as Viv Craske and Colin Lewis discuss the biggest stories in retail media & commerce media. This podcast is brought to you by Grace & Co the marketing acceleration consultancy. Hosted on Acast. See acast.com/privacy for more information.

  1. 3d ago

    EP56: Commerce Media Special: McDonalds, CitiBank and Best Buy's crazy drone video

    EP56: McDonald’s, Best Buy & CitiBank – The Expanding World of Retail Media Viv Craske and Colin Lewis explore three major developments reshaping the industry. From McDonald’s ambitions to build a billion-dollar media business to Best Buy’s move into creative production and Citi’s commerce media network, the message is clear: retail media is becoming much bigger than ever before. McDonald’s enters the retail media game McDonald’s has announced plans to launch a media network, targeting $1 billion in revenue. But is there enough detail behind the ambition? Viv and Colin explore the potential of McDonald’s extensive first-party data, global footprint and evolving app strategy, asking whether the real opportunity lies in audience insights as much as advertising inventory. Best Buy becomes a creative production powerhouse Best Buy is positioning itself as more than a media seller, investing in a 70,000-square-foot production facility complete with sound stages, audio suites and influencer capabilities. Could offering creative services help retail media networks capture more value from advertisers? The hosts debate the commercial potential, margins and changing definition of core competencies. Citi makes its commerce media move With visibility across spending in travel, dining, entertainment and other categories, Citi is entering the commerce media space with audience insights, paid media and closed-loop measurement. Viv and Colin discuss the value of cross-category transaction data, how it compares with SKU-level insights, and why banks could become powerful media players. Brought to you by Grace & Co the marketing and commerce consultancy. Visit retailmediatherapy.com and follow the podcast for more. Grace & Co | Retail Media Experts Hosted on Acast. See acast.com/privacy for more information.

    EP56: Commerce Media Special: McDonalds, CitiBank and Best Buy's crazy drone video
  2. Oct 20

    EP55: Rate My Retail Media Strategy with Coop's Dean Harris

    In this episode of Retail Media Therapy, Dean Harris joins Viv Craske and Colin Lewis for Score My Strategy. Dean assesses six strategic opportunities for a growing retail media network, scoring each out of 10 and explaining where retailers should focus their investment, resources and attention. The central message: build a strong core business before chasing the next big opportunity. Key discussion points: 1. Self-serve advertising Self-serve can appeal to large brands and agencies with performance marketing teams, but it is not a guaranteed revenue generator. Retailers must consider their audience scale, competitive advantage, data quality, permissions, governance and technology investment before launching. 2. Agency engagement strategy Once a retail media network has established a stable business and strong relationships with existing brand partners, agency engagement becomes essential. Success requires structured, long-term relationship building, clear differentiation, relevant insights and a compelling value proposition - not simply sending emails or requesting meetings. 3. Off-site media Using retailer first-party audiences across platforms such as Meta, Google, TikTok, Pinterest and Reddit can extend campaign reach. However, retailers must understand the margin implications. Off-site activity may increase revenue while reducing net profit, particularly if it cannibalises higher-margin, retailer-owned media. 4. In-store digital screens Screens can demand significant upfront capital expenditure, partner investment and long-term commitment. Retailers should assess incremental value, payback periods and the risk of shifting existing revenue between channels. 5. Influencer marketing Influencer activity is an emerging opportunity, but its relevance depends on the retail category. Health and beauty may benefit significantly, while grocery networks may have more pressing priorities. Dean stresses the importance of saying no to good ideas to protect strategic focus. 6. AdTech orchestration Improving connectivity and simplifying operations across media channels should be a priority. Retailers do not necessarily need a costly, all-in-one orchestration platform; they need to make their channels work together more efficiently for clients. 7. Creative solutions Creative strategy is often undervalued in retail media. Dean highlights Co-op's co-creation approach, where dedicated creative and strategic planning can improve campaign performance and brand engagement. As campaigns span in-store, online, apps, CRM and off-site channels, joined-up creative becomes increasingly important. Key takeaway: Retail media growth is not about launching every new product or following industry trends. It is about prioritising opportunities that fit the business model, deliver incremental value and strengthen client relationships. Invest in the core, understand the economics, improve operational connectivity and make creativity a bigger part of the strategy. Grace & Co | Retail Media Experts Hosted on Acast. See acast.com/privacy for more information.

  3. Oct 12

    ROAS SPECIAL EP6: Retail Media and ROAS: What the hell do we do now?

    What the Hell Do We Do About Measurement Now? | Retail Media Therapy ROAS: the metric everyone wants, but is it really the one marketers and online advertisers should be chasing? In this final episode of our special six-part series, The Retail Media Guide to Everything You Always Wanted to Know About ROAS and Measurement, But Were Afraid to Ask, Viv Craske and Colin Lewis revisit the biggest lessons, challenge some long-held assumptions, and share practical advice for brands and retail media networks trying to make sense of measurement. Why has Return on Ad Spend (ROAS) become the default measure of success? And what happens when the relentless pursuit of efficiency comes at the expense of brand and category growth? Viv and Colin explore why a high ROAS isn't necessarily a sign of success, how the industry became so fixated on the metric, and why it's time to look beyond a single number. They revisit insights from previous episodes, including Andrew Lipsman's case for incremental ROAS (iROAS) and Sky Frontier's argument for brands and retailers to collaborate more closely on measurement. They also unpack why incrementality isn't something you need to measure constantly, and why understanding the methodology behind your numbers matters just as much as the results themselves. So, what should you actually do? Viv and Colin share actionable takeaways for both brands and retail media networks: agree on measurement expectations upfront, align on campaign objectives, understand the limitations of your chosen methodology, and build measurement into joint media planning. They also explore the metrics worth watching beyond ROAS, including share of voice, market share, long-term customer value and, crucially, penetration. Because if your goal is sustainable brand growth, acquiring new customers may tell you far more than the return from a single campaign. The big takeaway? Don't let one metric dictate your marketing strategy. Understand what you're measuring, question the assumptions behind the numbers, and focus on the outcomes that genuinely matter to your business. Join Viv and Colin for the final instalment of this measurement therapy session. Listen now, follow Retail Media Therapy, and visit retailmediatherapy.com. Grace & Co | Retail Media Experts Hosted on Acast. See acast.com/privacy for more information.

    ROAS SPECIAL EP6: Retail Media and ROAS: What the hell do we do now?
  4. Sep 30

    ROAS SPECIAL EP5: Albertson's iROAS retail media measurement secrets

    Albertson's Media Collective iROAS Measurement Secrets How much can the methodology behind iROAS change the story your retail media data tells? In this episode of Retail Media Therapy, Viv Craske takes a deep dive into iROAS measurement, exploring research from Albertsons Media Collective and Northwestern University’s Kellogg School of Management. The study examined 42 digital advertising campaigns and compared different approaches to measuring incremental return on ad spend. The results reveal just how much methodology matters. Across the campaigns, the difference between the highest and lowest reported ROAS was 6.5x. Even more strikingly, 83% of campaigns flipped from a positive to a negative incremental return depending solely on the measurement methodology used. Viv breaks down three key approaches to iROAS measurement: Pre/post analysis – simple and accessible, but unable to fully separate advertising impact from other factors influencing sales.Randomized controlled trials (RCTs) – widely regarded as the gold standard for incrementality measurement, but more difficult to implement, particularly for omnichannel retailers.Synthetic controls – a middle ground that uses comparable unexposed audiences or markets to estimate what would have happened without advertising. The episode also explores how audience definitions and revenue calculations can dramatically change reported iROAS. For example, focusing specifically on previous brand buyers reduced one reported result from $2.27 to just $0.22. So what should advertisers do? The key takeaway is transparency. Before comparing iROAS figures, advertisers need to understand how the result was calculated, how test and control groups were constructed, what assumptions influenced the model, and how incremental revenue was determined. And Retail Media Networks need to be transparent about how they are measuring their online media results. Because without understanding the methodology, two iROAS numbers may not actually be measuring the same thing. Grace & Co | Retail Media Experts Hosted on Acast. See acast.com/privacy for more information.

    ROAS SPECIAL EP5: Albertson's iROAS retail media measurement secrets
  5. Sep 23

    ROAS SPECIAL EP4: When and how to measure iROAS

    What does incrementality really mean, and how can brands understand whether their retail media investment is actually driving growth? In this episode of Retail Media Therapy, Viv Craske and Colin Lewis are joined by Skye Frontier, EVP at Incremental, to unpack one of the most important topics in retail media measurement: incrementality. At its core, incrementality asks a simple but critical question: Would the sale have happened if the advertising had not happened? This counterfactual is at the heart of understanding whether advertising is genuinely generating additional sales, rather than simply receiving credit for sales that would have occurred anyway. The conversation explores why traditional ROAS and last-click attribution can provide an incomplete picture of media effectiveness, and how brands can use iROAS, experimentation, test-and-control approaches, causal inference and marketing mix modelling (MMM) to better understand what is driving growth. Skye explains why strong baseline data is essential to incrementality measurement, including sales, distribution, pricing, promotions, seasonality, external factors and media exposure. The discussion also looks at the challenge of siloed retail media measurement, where individual retail media networks may only see sales within their own ecosystem, while brands need to understand how advertising influences purchasing across multiple retailers and channels. The episode also examines the relationship between incrementality, penetration, new-to-brand and new-to-category growth. Rather than treating these as interchangeable metrics, the conversation considers how advertising can contribute to incremental growth alongside other factors such as distribution and physical availability. Another key theme is practicality. Should brands measure incrementality on every campaign? The discussion explores how advertisers can prioritise measurement around the decisions that have the greatest potential impact, while recognising that an experiment showing no incremental effect can still provide valuable insight. Finally, the episode looks at branded keywords, media efficiency versus effectiveness, and why incrementality should be considered alongside pricing, promotion, assortment, competition and other commercial factors. Topics covered: Retail Media, Incrementality, iROAS, ROAS, Retail Media Networks, MMM, Marketing Mix Modelling, Media Measurement, Incremental Sales, New-to-Brand, New-to-Category, Penetration, Branded Search and Advertising Effectiveness. Grace & Co | Retail Media Experts Hosted on Acast. See acast.com/privacy for more information.

    ROAS SPECIAL EP4: When and how to measure iROAS
  6. Sep 16

    ROAS SPECIAL EP3: Is ROAS The Root Of All Evil?

    ROAS SPECIAL EP3: Is ROAS The Root Of All Evil? In this Retail Media & Measurement special episode with guest Andrew Lipsman, we ask the question: "Is ROAS helping retail media grow - or holding it back?" Is it, in fact the root of all evil in Retail Media and online advertising? In this special episode of Retail Media Therapy, Viv Craske and Colin Lewis are joined by retail media analyst and consultant Andrew Lipsman to question one of marketing's most influential metrics: ROAS (Return on Ad Spend). Andrew argues that an obsession with ROAS can encourage marketers to optimise for short-term, attributable sales rather than genuine incremental growth, brand building and long-term effectiveness. The conversation explores why high ROAS doesn't necessarily mean effective advertising, how branded search and retargeting can inflate performance numbers, the limitations of attribution and “new-to-brand” metrics, and why creative and broader brand-building activity can get overlooked. So what should marketers measure instead? Andrew makes the case for incremental ROAS (iROAS) while also discussing the potential role of market share and other measures in understanding marketing effectiveness. In this episode, we discuss: Why ROAS can encourage short-term thinkingROAS vs. incremental ROAS (iROAS)Attribution and attribution windowsBranded search and retargetingNew-to-brand metricsIncrementality in retail mediaBrand building vs. performance marketingThe role of creative in advertising effectivenessRetail media's halo effectMarket share as a broader business measureWhy high ROAS doesn't always mean high incremental salesHow marketers can think beyond the ROAS number This episode asks marketers to look beyond the headline ROAS number and consider whether their advertising is genuinely generating incremental sales and contributing to long-term brand growth. Featuring: Andrew Lipsman, Viv Craske & Colin Lewis Topics: Retail Media · Advertising · ROAS · iROAS · Incrementality · Marketing Measurement · Brand Building · Performance Marketing · Attribution · Retail Media Networks Grace & Co | Retail Media Experts Hosted on Acast. See acast.com/privacy for more information.

    ROAS SPECIAL EP3: Is ROAS The Root Of All Evil?
  7. Sep 10

    ROAS SPECIAL EP2: ROAS is a Toxic Love Language

    ROAS SPECIAL EP2: ROAS is a Toxic Love Language ROAS. It's everywhere. In media plans. In ad consoles. In AOP meetings. In strategic decks. And, apparently, in the emotional lives of marketing and sales teams. In this episode of The Retail Media Therapy Guide to Everything You Wanted to Know About ROAS But Were Afraid to Ask, Viv and Colin are joined by Mrunal Bhagat, Retail Media Lead at Pearson, to tackle the uncomfortable question: Has retail media been speaking ROAS for so long that we've forgotten how to speak business? Mrunal's answer is provocative: ROAS is a fraud metric. Sales teams live in the commercial world - EPOS and sales performance. Marketing teams live in ad consoles and media metrics. These worlds don't always collide. So what happens? They find something they can both understand: ROAS. As Mrunal puts it, it's the common denominator. Viv has an even better description: ROAS is the shoutiest person in the room. And if ROAS were a romantic partner? A toxic love language. Constantly sliding into your DMs asking: "Hey. Where are you? Want to talk about ROAS?" Meanwhile, incrementality and other potentially useful measures are sitting quietly in the corner, being left on read. IN this episode, we talk about: Why ROAS became the common language between marketing and salesWhy Mrunal calls ROAS a "fraud metric"The difference between a post-media metric and a commercial decision frameworkThe Trojan Horse modelCustomer wallet shareIncrementalityShare of model: Why AI and LLMs are changing product discoveryWhy today's purchase journey looks nothing like it did 20 years agoWhy we need measurement frameworks designed for the future - not just better rear-view mirrors Grace & Co | Retail Media Experts Hosted on Acast. See acast.com/privacy for more information.

    ROAS SPECIAL EP2: ROAS is a Toxic Love Language
  8. Sep 8

    ROAS SPECIAL EP1: Where did Retail Media ROAS come from?

    ROAS SPECIAL EP1: Where did Retail Media ROAS come from? ROAS. Four little letters that have somehow taken over retail media. It appears in conference decks. It lives in ad-platform dashboards. Vendors love it. CFOs ask for it. Marketers stare at it while quietly wondering whether they’re measuring the right thing at all. In this first episode of The Retail Media Therapy Guide to Everything You Always Wanted to Know About ROAS But Were Afraid to Ask, Viv and Colin get on the measurement couch to ask a deceptively simple question: Why the hell did ROAS become the default language of retail media? And, more importantly, should it have? First: let's stop mixing up the words Measurement, metrics, attribution and incrementality are related, but they are not the same thing. Measurement tells you what happened.Metrics give you ways of quantifying performance. ROAS is one of them.Attribution tells you what gets the credit - assigning a sale or outcome to a touchpoint or campaign.Incrementality asks the much more awkward question: what did your activity actually cause that wouldn't have happened anyway? So why is everyone obsessed with ROAS? The episode explores four big reasons. 1. Amazon. For a long time, retail media was effectively synonymous with Amazon. As Amazon evolved into a major pay-to-play advertising platform, particularly around sponsored products, suppliers understandably wanted to know whether their increasingly expensive investment was generating a return. ROAS made sense in that environment. And then, apparently, we collectively decided it should make sense everywhere. 2. Ad tech. Ad platforms have helped bake ROAS into the operating system. Set your ROAS target. Optimise towards your ROAS target. Report your ROAS. Lovely and simple. Possibly too simple. 3. Retail media was treated as performance media. Retail media audiences are often close to the bottom of the funnel, so a performance metric like ROAS feels like an obvious fit. But retail media has grown up. It now spans on-site, off-site and in-store, and increasingly plays across the funnel. Different objectives and different funnel stages require different measures. One metric to rule them all? Probably not. 4. Humans like simple numbers. This may be the most powerful reason of all. ROAS is easy to understand. A higher number sounds better. And therein lies the trap. The ROAS paradox One of the central arguments in this episode is that optimising relentlessly for high ROAS can actually restrict growth. Why? Because chasing efficiency can encourage brands to focus on people who are already highly likely to buy - rather than finding new customers, building penetration or supporting genuinely incremental growth. You can therefore celebrate a beautiful ROAS number while quietly strangling your brand's growth. The goal isn't to kill ROAS. It's to stop treating it like the answer to every question. Because if your only tool is a hammer, eventually every business problem starts looking suspiciously like a nail. And sometimes it's actually a CFO. What's coming next? This is only the beginning of the ROAS Special Series of Retail Media Therapy podcasts exploring measurement. Future episodes will dig into: Why everyone is suddenly obsessed with incrementalityWhat iROAS actually tells usWhat happens when we go beyond ROASWhether there are better metrics for modern retail mediaMarketing Mix Modelling (MMM) - and whether it's the answer or just assumptions stacked on top of assumptionsHow brands, agencies and retail media networks can make better measurement decisionsGrace & Co | Retail Media Experts Hosted on Acast. See acast.com/privacy for more information.

    ROAS SPECIAL EP1: Where did Retail Media ROAS come from?

About

Join us for a spot of Retail Media Therapy as Viv Craske and Colin Lewis discuss the biggest stories in retail media & commerce media. This podcast is brought to you by Grace & Co the marketing acceleration consultancy. Hosted on Acast. See acast.com/privacy for more information.

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