Building a Profitable Retail Media Platform with Adore Beauty
Adore Beauty is rapidly expanding its retail media offering for its almost 300 brand partners. The growing Australia retail media market is forecasted to attract more ad dollars, with the country's spending on in-house or owned platforms to reach $2.8 billion by 2027! By leveraging first-party data with its unique tone of voice, the company has created a highly effective platform for brands to reach and engage consumers.
Adore Beauty's RMN not only generates new revenue through content packages, but also fosters deeper relationships with brands. In a competitive market in a time of ever rising customer acquisition costs, they are solidifying their brand voice driving more content-driven impressions across platforms like Instagram and YouTube, supporting growth in its RMN and creative pillars through refreshing content and a clear value proposition.
A Paris vlog to uncover the future of L’Oreal as Gerard and Kristy introduced new product launches, took a tour around its Research and Development Lab, and interacted with new tech like AR. Click in to indulge in their experience for haircare enthusiasts out there!
Looking beyond immediate revenue, how does Adore Beauty uncover the long-term strategic value of a robust retail media platform through content-driven marketing and brand building efforts?
Retail Media Networks provide valuable insights into campaign performance through key metrics such as ROAS and CPM, informing brands’ investment. As reiterated by Gerard Richardson, Head of Retail Marketing for the Australian retailer, creating this content raises brand awareness for their brand partners. We’re playing higher up the customer funnel and bringing customers to site more effectively. In a time of ever rising CAC, retailers have to get innovative to bring more customers to their brand.
Promoting a series of collection of Dior’s Sauvage: ‘No longer just a standalone scent, but a full-blown routine taking over your shower!’
Continuing to expand retail media provides a new revenue stream beyond just selling products. We’ve seen this most evident in the grocery channel where every inch of the store and site is paid for. For Adore, it’s cementing us as a media player where customers can do more than shop, but engage via a podcast or blog, laugh at an Instagram Reel or just chill out with a YouTube vlog. Creating this content raises brand awareness - we’re playing higher up the customer funnel, and bringing them to our site more effectively. In a time of ever rising CAC, retailers have to get innovative to bring more customers to their brand.
To be successful in Retail Media, having a clear value proposition is critical. It’s not enough to say you have great analytics or insights. Brands have more choice than ever on where to invest (and they always have a cheaper option). A retailer must have something different for which Adore has - Beauty IQ Blog, Podcast, Meta, TikTok, Pinterest, Print, Site, Out-of-Home all with our brand identity. You simply can’t beat it.
Adore Beauty is writing a different narrative in marketing by seamlessly introducing content into the customer journey: ‘The Best Dandruff-Targeting Haircare Products for That Flake-Free Feeling’