Thursday, December 07, 2006

VNU To Develop In-Store Measurement Service

After creating quite the commotion about it's P.R.I.S.M store media measurement technique, VNU has decided to take the service live, doing what it calls the "lead-market phase" of the new service in early 2007, with full availability later in the year. From the press release:

The new service, which will be developed through a new unit of VNU known as Nielsen In-Store, will measure consumer exposure to a fast-growing and powerful array of in-store marketing vehicles, including television and radio, shelf talkers, digital signage, and other point-of-purchase displays. Collectively, these in-store marketing approaches stand as the sixth largest advertising vehicle in the U.S., at $18.6 billion in spending in 2005.

The new service will also help retailers improve results through better store layouts, category adjacencies and product selection. “The new information we provide for retailers and manufacturers will help them work more effectively to improve the shopping experience for consumers,” said George Wishart, who has been named global managing director of Nielsen In-Store. “We also will provide the advertising, media and retail industries with a new currency standard that can increase the efficiency of the media buying and selling process.”
The same big names featured in the pilot project are endorsing the full-scale system, suggesting that early results were good. Members of the consortium include 3M, Coca-Cola, Kellogg’s, Miller Brewing, Procter & Gamble and The Walt Disney Company, as well as major retailers like Albertsons, Kroger, Walgreens and Wal-Mart.

(Cross-posted at the retail media news blog)

Tags: VNU, P.R.I.S.M, retail media, media measurement, in-store advertising

No comments: