NEW YORK, 14 August 2024 /PRNewswire/ — Grocery TV, an in-store retail media network, today announced its ranking at #1233 (#106 in Texas) was named to the 2024 Inc. 5000 list for the second year in a row. The Inc. 5000 recognizes the fastest-growing private companies based on revenue and employee growth.
“2024 was a turning point in our company’s history,” said Marlow NickellCo-founder and CEO. “Demand for in-store retail media is growing rapidly as retailers and brands increasingly view this channel as a central part of their strategy.”
Over the past few years, Grocery TV has become the leading media platform for grocery retail. The company has expanded its product offering to support all digital touchpoints in the grocery store, including the entrance and pharmacy. The end-to-end solution helps retailers easily manage and monetize these digital touchpoints, while giving brands the ability to engage their audience where they shop.
From 2020 to 2023, Grocery TV saw a 420% increase in sales. At the same time, they grew their network to nearly 5,000 grocery stores and over 100 retailers, including Cub, ShopRite, and Winn-Dixie. As in-store retail media grew in popularity, they also played a role in defining benchmarks for the industry. Earlier this year, they released a meta-study that showed that CPG brands saw an average 14% increase in sales when advertising on their network.
As the company has grown, Grocery TV has always upheld its core values of transparency, ownership, growth and partnership. The company is particularly known for its transparency, which is reflected in its disclosed salaries and pay scales.
“Our core values play a major role in both general decisions and daily work,” said Courtney BransonVP of People. “Over the last few years, transparency and partnerships have allowed us to grow quickly in an emerging industry and build trust with our partners and our team.”
Complete Inc. 5000 results, including company profiles and an interactive database that can be sorted by industry, location and other criteria, can be found at www.inc.com/inc5000.
About Grocery TV
Grocery TV is the leading in-store retail media platform in the U.S. grocery industry, powered by nearly 5,000 stores. The company currently works with over 100 retailers, including ShopRite, Smart & Final and Winn-Dixie, to manage their in-store retail media network, enhance the shopping experience and drive incremental sales. Brands use Grocery TV to reach nearly one in four Americans in brick-and-mortar grocery stores, engaging shoppers at the most critical moments of their store visit. Grocery TV makes it easy for brands and retailers to launch and manage digital advertising campaigns across the grocery store through their content management system (CMS) as well as integrations with all major DSPs. For more information, visit www.grocerytv.com.
Please contact Ashley Nickell ((email protected)) for press inquiries.
More about Incl. and the Inc. 5000
methodology
Companies on the 2024 Inc. 5000 are ranked by percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generate revenue by 31 March 2020. They must be based in the United States, privately owned, for-profit and independent – not subsidiaries or divisions of other companies – December 31, 2023(In the meantime, some of the companies on the list may have gone public or been acquired.) The minimum turnover required for 2020 is 100,000 US dollars; the minimum for 2023 is 2 million dollars. As always, Incl. reserves the right to reject applicants for subjective reasons. The growth rates used to determine the company ranking were calculated to four decimal places.
To Incl.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Incl. aims to inform, educate and raise the profile of our community: the risk-takers, the innovators and the extremely motivated doers who are shaping our future. Incl.‘s award-winning work reaches a monthly brand presence of more than 40 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters and social media. The company’s proprietary Inc. 5000 list, compiled annually since its inception as the Inc. 100 in 1982, analyzes company data to identify the fastest-growing private companies in the United StatesThe recognition that comes with inclusion in these and other prestigious Incl. Lists like Female Founders and Power Partners give the founders of top companies the opportunity to engage with an exclusive community of like-minded individuals and gain credibility that helps them increase revenue and recruit talent. For more information, visit www.inc.com.
Source: Grocery TV
