Chemist Warehouse has a $600 million-a-year Retail Media Network. Woolworths Group's equivalent business Cartology accounts for about 8% of its earnings (according to Jarden). Coles equivalent, Coles 360, makes about $250 million annually in revenue. Offshore leader Walmart has grown its Retail Media business at a 45% CAGR for the last 4 years with media expected to be 20% of its profit next year. It's getting margins of between 70% to 90%. Sainsbury's has grown its Retail Media Network by 15% annually for the last 4 years with a 52% margin in 2023.