Insight Sources: Digital spend insights estimated by Pathmatics; additional channel insights estimated by Vivvix; podcast insights estimated by Podchaser.
Momvertisng Opps: Family Dollar begins digital transformation with new app (Score 15)
Sales lead: This initiative should lead to higher ad spending & possibly agency reviews.
- Family Dollar (FD) just kicked off a digital transformation project.
- Phase one is a new mobile app set to launch in October.
- The app includes an improved wallet feature to help users manage coupons, weekly ads, and product searches.
- After that, it will roll out in-app shopping, personalization, and a rewards program.
- The company partnered with Publicis.Sapient to lead the project.
Target demographic: Primary shoppers (millennial & Gen-X women)
The company will likely:
- Significantly increase digital ad spend
- Launch an ad campaign
- Seek additional agency assistance
Digital and social insights (digital ad spend, effectiveness, impressions, and performance)
- YTD spend: FD spent about $1.2m on digital display ads YTD, down from $2.9m spent in this channel during the same time period of 2022.
- YTD data: 192.5m impressions via Facebook (74%), Instagram (18%), desktop display (4%), desktop video (2%), and mobile display (2%).
- 2021-2022 spend: Full-year spend fell 31% from $7.4m in 2021 to $5.1m in 2022.
- Ad location: It placed 94% of these ads directly onto sites such as facebook.com, instagram.com, answers.com, bulbapedia.bulbagarden.net, and youtube.com. It placed 6% of these ads through multiple indirect channels onto sites such as msn.com, ebay.com, budgettravel.com, yahoo.com, and buzzfeed.com.
Additional channel insights
- Vivvix: FD also invests in OOH and radio.
- Top podcasts sponsored: Marketplace, Marketplace All-in-One, Crime Stories with Nancy Grace, True Crime Today | A True Crime Podcast, and 93X Half-Assed Morning Show.
Agency analysis:
- Opportunity: Reach out now to see if FD needs any more help with the digital transformation.
- You might also be able to pick up creative or social media duties.
- Current roster:
- Advantage Unified Commerce: shopper
- Publicis.Sapient: digital
- In-house: media