Costco upgrades its retail media platform

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Costco has upgraded its retail media platform, Costco Velocity, by introducing personalized “digital end caps” or Reserved Display ads on Costco.com. This new onsite ad product, developed in partnership with Moloco, utilizes AI and machine learning trained on actual purchase behavior to match products with shoppers. The initiative is part of Costco’s broader strategy to enhance its retail media network and follows a strong financial quarter where the company reported double-digit profit growth.

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