Pear’s technology connects CPGs with more than 3,000 retailers, representing nearly 165,000 locations across the U.S. and Canada, to put ads for their products in front of consumers that link directly to retailer sites where the product can be purchased. Pear’s newest offering, Pear Connect, enables “instant shoppability” by adding products to a retailer’s ecommerce cart directly from a digital ad. This functionality, designed to reduce the path to purchase down to a single click, can streamline conversions for shoppers, marketers and retailers alike.
Marketers can customize which products and retailers to display in their ads while leveraging the machine learning capabilities of their preferred media-buying platform to optimize audience targeting. Consumers and retail partners benefit from a streamlined shopping experience that connects shoppers with in-stock products from relevant retailers directly from the ad unit, while marketers gain access to valuable insights into the effectiveness of their campaigns through first-party ecommerce data.
The new partnership with Pear represents an expansion of Yahoo’s current Retail and CPG offering, which also includes support of retail media networks like Lowe’s One Roof Media. Partnerships like this are likely to become more common as the retail media ecosystem matures.
For a deeper look at the future of retail media, check out this recent Retail TouchPoints special report, The Evolution of Retail Media: Powered by Data, RMNs Offer Full-Funnel Advertising.