'Costco is building out an ad business using its shoppers' data' - Marketing Brew
Portfolio Pulse from Benzinga Newsdesk
Costco is expanding into the advertising business by leveraging its shopper data. This move aims to create a new revenue stream and enhance its marketing capabilities.
June 06, 2024 | 4:42 pm
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Costco is expanding into the advertising business by leveraging its shopper data. This move aims to create a new revenue stream and enhance its marketing capabilities.
Costco's entry into the advertising business using shopper data is likely to create a new revenue stream and improve its marketing strategies. This could positively impact its stock price in the short term as investors may view this as a strategic move to diversify income sources.
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IMPORTANCE 80
RELEVANCE 100