There is a lot going on in the grocery industry both positive and negative—from discussions on tariffs to soaring egg prices. However, grocery brands that have been keen on investing in the fast-growing retail media space may have one less thing to worry about. Turns out Thrive Market isn’t burdening grocery sellers with yet another tech stack to plug into for advertising. When it comes to retail media, Thrive Market has done a couple of things differently than others. The online grocer chose to partner with Instacart instead of building its own retail media tech stack. The rationale behind not building a standalone offering was to integrate with a provider like Instacart, where grocery brands were already spending their money, April Lane, chief merchandising officer of Thrive Market, told Retail Brew. “There’s so many retail media networks out there, and frankly, for brands, it’s really hard to manage all of the different networks,” Lane said. “It was really table stakes for us that we’re not going to build something that’s completely standalone, where a brand needs to learn yet another system and optimize their ad dollars separately from other channels.” Lane expects Thrive Market to double its month over month ad revenue, given that more than 25% of brands have already begun investing in the company’s ad business. Thrive Market sells close to 750 brands on-site and has more than 1.6 million paying members. Lane sat down with Retail Brew and talked us through Thrive’s retail media approach. Keep reading here.—VC |