ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Walmart finds a clever way to track customers and it starts even before you buy anything online

The retail giant calls it a solution that helps suppliers understand the shoppers even better.
UPDATED 2 HOURS AGO
A customer makes payments before checking out of a Walmart store (Cover image source: Getty Images | Bob Riha, Jr.)
A customer makes payments before checking out of a Walmart store (Cover image source: Getty Images | Bob Riha, Jr.)

Walmart's newly launched beta program would track and share consumer data like never before. Introduced by Walmart Digital Ventures, the program Digital Landscapes will share insights on the online behavior of customers with the retailer's suppliers. While the company had long been sharing data on purchases, now it will track consumers as soon as they start their journey on the website, before making a purchase.  

 Walmart advertises Cyber Monday sales on the company's website | Getty Images | Photo Illustration by Scott Olson
An online ad for cyber Monday (Image source: Getty Images | Photo Illustration by Scott Olson)

Walmart calls the product a new self-serve insights solution under the broader banner of Walmart Luminate that helps suppliers understand the shoppers even better.

"As more customers are turning to Walmart.com and the Walmart app to find value, it's essential for suppliers to understand how they find and select products among a wide range of options,” the company said in its press release.  

Digital Landscapes aims to further the scope of data sharing providing deeper insights. Using the product, supplies will have access to information on how consumers browse, what products they look at, and how they arrive at a purchase decision. In its press release, Walmart announced that the product would be introduced as a beta launch in June, followed by general availability in the summer.

With Digital Landscapes, suppliers will now have access to data on where the customers start their online journey when they find a product, how the chosen product compares to others in the category, and what the customer's path to an online purchase looks like.



 

According to Walmart, with Digital Landscapes, suppliers can now explore strategies based on the online behavior of the shopper behavior to drive engagement along the customer journey. Walmart says these insights are valuable as they help companies tailor their marketing and sales efforts according to engagement trends and leading sources of traffic.

Representative image of a shopper in a Walmart store | Getty Images | Photo by Bob Riha, Jr.
A woman looking at a product at a Walmart store | (Image source: Getty Images | Photo by Bob Riha, Jr.)

"The launch of Digital Landscapes marks another significant stride for Walmart Data Ventures in its ambition to become a global leader in insights and analytics," the press release mentioned

Earlier in May, the retail giant announced Disney advertisers would have access to Walmart's shopping data to target Disney's streaming portfolio. This followed a partnership between Walmart Connect and Disney Advertising that works for Disney Plus and Hulu, as per Adweek. 



 

As per the deal, Walmart advertisers will be able to match the retailer’s shopper data with Disney’s proprietary Audience Graph tools and target audiences better. 

In a press release, senior vice president of retail media sales for Walmart Connect, Ryan Mayward said that about 145 million customers shop with the retailer online and in stores weekly. Thus, marketers will now have access to their data and apply the insights to their campaigns to reach customers "wherever they’re streaming Disney content.”

Disney also joined Walmart’s Partner Lab, which includes other media giants like NBC Universal, TikTok, and Roku. Under the partner lab, the companies work with Walmart to test new ad formats for data measurement.

Walmart's deals and acquisitions have triggered concerns over the threat to privacy protections and the risk of exposing consumers to data breaches.



 

In February, when the company agreed to purchase TV maker Vizio for approximately $2.3 billion, several organizations wrote to the FTC to investigate the possibility of a big data breach of millions of Americans, as per dcreport.org.

This article originally appeared 2 months ago.

RELATED TOPICS WALMART
MORE ON MARKET REALIST
The retail giant calls it a solution that helps suppliers understand the shoppers even better.
2 hours ago
The winner just looked at the newly launched holiday themed tickets and found them attractive.
8 hours ago
Apart from the affordable prices and low maintenance, people are also preferring tiny homes for sustainable living.
10 hours ago
Viewers of the show labelled her guess as one of the craziest answers in the show's history.
10 hours ago
The firm that provides the tech has been associated with Walmart for 25 years now.
12 hours ago
The streamer was exposed by another user who was later blocked by him for asking questions.
14 hours ago
Apart from Jenner, other celebrities such as the Hadid sisters got a 10 on 10 while Beyonce got 10000000/10.
1 day ago
The man also pushed his price up after learning about the true value and got down to negotiating.
1 day ago
Previously, Costco has been forced to recall meat products because of the threat posed by listeria.
1 day ago
The man was commenting on an article about the same and expressed shock at the practice.
1 day ago
The founders were praised for their confidence but the investors decided to back out.
1 day ago
Several people supported the store's policy that is aimed at reducing plastic pollution.
2 days ago
The customer first wrote a set of numbers on a paper, and the waitress thought it was her credit card number.
2 days ago
The varnish of the grill was charred and the dials had also been removed.
3 days ago
The couple even had to cancel their trip because of the delay in receiving a refund.
3 days ago
The restaurant had to shut down in just two weeks after the promotional offer was introduced.
4 days ago
The two stores where the women bought tickets are just a seven-minute walk apart.
4 days ago
The coin carries a rare anomaly which makes it even more valuable for collectors.
5 days ago
Some users did praise the woman for her ethical conduct and said that she would be rewarded one way or the other.
6 days ago
The tiny bag comes along with a microscope that has a digital display for the buyer to see their purchase.
6 days ago