Walmart Connect is focusing on three strategic areas that will set it up to become one of the top ten advertising platforms in the U.S.:
- Growing offerings across Walmart’s digital properties – Walmart Connect is utilizing the reach of its native digital properties including Walmart.com, pickup & delivery and the Walmart App to offer holistic campaigns including search and display media, across the digital shopper experience, putting advertiser messages right next to where customers are making purchasing decisions. This part of the business is growing fast – last fiscal year, it saw nearly double the amount of revenue and more than double the number of advertisers.
- Introducing innovative in-store experiences – Walmart Connect is unveiling new omni capabilities that allow advertisers to reach Walmart’s millions of customers who shop in its physical stores each week. The retailer is now offering media activations on in-store TV walls and self-checkout screens with nearly 170,000 digital screens across 4,500+ stores. Many brand messages can be delivered with date, time and geographic specificity. These advancements make Walmart Connect one of the largest in-store activations and digital out-of-home ad platforms in the country. More opportunities for brands to be included in in-store experiences and sampling opportunities such as the Walmart Drive-in, Spooky Street and more will be offered over time.
- Expanding offsite media opportunities, at scale – Walmart Connect will be leveraging its unparalleled first-party shopper data to drive media performance for advertisers outside of Walmart’s proprietary sites. Walmart today announced a partnership with the world's leading AdTech company, The Trade Desk, to launch a first-of-its-kind demand-side platform for suppliers and their media and ad agencies in time for the 2021 holiday season. This DSP will combine the best-in-class technology and performance of The Trade Desk platform with the robust scale of Walmart shopping data, ultimately allowing advertisers to drive more effectiveness with their overall media spend.
“Walmart is pioneering a new frontier in digital advertising, providing marketers with access to shopper data for the first time, in a way that both protects consumer privacy and improves the consumer experience,” said Jeff Green, CEO and co-founder, The Trade Desk. “In doing so, marketers will be able to create much more refined, relevant and measurable advertising campaigns, which can be adapted on-the-fly to changing circumstances and real-time performance. We are thrilled to be working with Walmart to bring this vision to life.”
Walmart Connect is an important part of the company’s overall strategy, which includes diversifying its revenue streams, and it will be strengthened by the company’s other key initiatives. For example, Walmart+ will nurture loyal customers and generate shopper data; expanding the company’s ecommerce marketplace will grow the number of sellers who benefit from Walmart Connect; and creating new ways of commercializing content will lead to more creative shoppable placements for items.
“It’s exciting to see our strategy come together in a way that drives growth for our business, creates value for our partners and, most importantly, creates a better, more comprehensive shopping experience for our customers,” added Whiteside.
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online and through their mobile devices. Each week, over 265 million customers and members visit approximately 11,400 stores under 55 banners in 26 countries and eCommerce websites. With fiscal year 2020 revenue of $524 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmart.