Costco says it's building an ad network to keep prices low

Started by rcjordan, June 06, 2024, 10:39:28 PM

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rcjordan

https://qz.com/costco-retail-media-partners-q3-earnings-consumers-1851523749

The warehouse retailer wants to cash in on the shopping data it collects from more than 70 million households

ergophobe

My Costco sentiment score just plummeted.

What's next? Trader Joe's?

Brad

So we have Paypal and now Costco building ad networks using customer purchase data.  A lot of Costco members use a Costco issued credit card for third party purchases, I wonder if that data will be used too?

rcjordan

Yet another reason to silo your purchases.  Amazon, Aldi, Food Lion, and VISA know me -almost in the biblical sense- but Paypal, Costco, and the rest just get bread crumbs.