Incremental Retail Media Measurement With Meghan Corroon

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Incremental Retail Media Measurement With Meghan Corroon

Meghan Corroon

Meghan Corroon is the Co-founder and CEO of Clerdata, a marketing intelligence platform that drives sales. As a data scientist, she has completed data science research for several national governments in Africa. Before co-founding Clerdata, Meghan was the Technical Director for the University of North Carolina at Chapel Hill’s Bill and Melinda Gates Foundation portfolio evaluation.

 

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Here’s a glimpse of what you’ll learn:

  • [4:16] The shift to incremental retail media measurement
  • [8:08] How to evaluate retail media performance
  • [12:43] Meghan Corroon explains the problem with self-reported retail media performance data
  • [16:41] Justifying retail media ad spend to leadership 
  • [23:27] How the halo effect impacts retail media investments
  • [26:08] Strategies for driving results across multiple retail media platforms

In this episode…

Retail media has evolved from a “growth at all costs” strategy to a demand for measurable ROI, forcing brands to rethink their ad investments. With nearly 700 retail media networks, companies struggle to allocate their budgets. As executives face increasing pressure to justify spending, incrementality measurement has emerged as a crucial tool for identifying retail media’s impact on sales and profitability. How can brands optimize their ad spend while ensuring data neutrality?

Data-driven professional Meghan Corroon helps brands assess the effectiveness of their retail media investments. Instead of relying on self-reported metrics from ad platforms — often skewed by conflicts of interest — companies should use third-party measurements to make data-driven decisions. Meghan explains how the halo effect influences buying habits across multiple retailers, emphasizing that retail media approaches must extend beyond just traditional performance metrics. By shifting to a neutral, evidence-based approach, brands can identify high-performing networks and reallocate budgets to maximize returns.

Tune in to this episode of The Digital Deep Dive as Aaron Conant hosts Meghan Corroon, the Co-founder and CEO of Clerdata, to discuss the future of retail media measurement. Meghan shares insights on optimizing retail media spend, evaluating ad performance, and navigating the growing complexities of retail media. She also highlights how brands can balance performance marketing with long-term profitability in an increasingly data-driven landscape.

Resources mentioned in this episode:

Quotable Moments:

  • "Retail media spend isn’t endless; brands need neutral measurement to prove value and optimize their investments."
  • "The biggest shift in 2024? Measurement and accountability replaced ‘growth at all costs’ in digital marketing."
  • "Self-reported ad data isn’t neutral; brands need independent insights to make informed decisions."
  • "Halo effects are real, but they’re not 60%; brands need data to separate hype from reality."
  • "Retail media success isn’t about spending more — it’s about spending smarter with the right data."

Action Steps:

  1. Adopt neutral retail media measurement tools: Brands should move beyond self-reported ad platform data and invest in third-party measurement solutions to accurately assess the impact of their retail media spend. This ensures unbiased insights and helps optimize budget allocation based on actual performance rather than sales-driven metrics from media networks.
  2. Leverage halo effects for smarter spending: Identify where retail media ads are influencing purchases across multiple retailers. By understanding cross-platform impact, brands can refine their strategies to maximize efficiency, ensuring that ad dollars drive incremental revenue beyond the immediate platform where they were spent.
  3. Prioritize performance-driven budget allocation: Treat retail media investments like a stock portfolio — shift ad spend toward the highest-performing platforms and tactics. By continuously testing and adjusting investments based on neutral data, brands can drive efficiency and ensure every dollar spent contributes to overall profitability.
  4. Bridge the gap between marketing and finance teams: Equip executives and finance leaders with clear, data-backed insights on retail media performance. By presenting evidence of incrementality, brands can justify ad spend, reclassify expenses when needed, and secure necessary budgets for continued investment in high-performing media channels.
  5. Refine ad strategies for different retail networks: Not all retail media networks perform equally. Brands should analyze category-specific effectiveness across platforms like Amazon, Walmart, and Best Buy to determine the best-performing ad types and placements. Adjusting the mix of PPC, DSP, and upper-funnel media can significantly improve return on ad spend.

About BWG Connect...

BWG Connect provides executive strategy and networking sessions that help brands from any industry with their overall business planning and execution. We network and knowledge share together to better understand and adapt to the newest trends, strategies, and pain points shaping growth in the digital space. BWG Connect, in conjunction with BWG Strategy, has built an exclusive network of 125,000+ senior professionals and hosts over 2,000 virtual and in-person networking events on an annual basis.

In addition, we have had 1x1 conversations with over 5,000 brands and have a real-time pulse on what digital strategies are successful and why. This in-depth knowledge allows our team to operate on the cutting-edge and provide our clients with best-in-class guidance on how to win in the digital world. We have provided free consultations and strategy sessions for companies of all sizes, from start-ups to Fortune-100, to enable growth, resolve issues and make curated service provider introductions that can impact your digital footprint.

We have held to the philosophy of providing high-level insights and actionable knowledge with no sales pitches in order to provide to our network the ability to listen, learn and act to improve themselves as well as their organizations. Our ultimate goal is to be the resource out there to help digital executives find the research they need to excel in the modern marketplace.

If you are interested in getting involved with any of our current or past events, you can find them here. If you are looking for help & would like to set up some time to chat with our team, you can schedule a time or reach out directly to Aaron@bwgconnect.com or Tiffany@bwgconnect.com.

BRINGING TOGETHER INFLUENTIAL EXECUTIVES AND SENIOR PROFESSIONALS

What is BWG Connect?

BWG Connect provides executive strategy & networking sessions that help brands from any industry with their overall business planning and execution. BWG has built an exclusive network of 125,000+ senior professionals and hosts over 2,000 virtual and in-person networking events on an annual basis.
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