💰Data collection by retailers goes beyond social media and online shopping. It includes in-store tracking, beacons, and Wi-Fi monitoring.
🛒Loyalty programs are a major touchpoint for data collection. Retailers track purchasing behavior and preferences.
📊Retailers monetize data through targeted advertising and retail media networks, offering ads customized to consumers' wants and needs.
🔒Data protection laws have limitations when it comes to sharing and partnering. Retailers collaborate with brands and third parties to share and use customer data.
🌐Data collected by retailers can be sold to insurance providers, law enforcement, and even the government, impacting employment opportunities and financial health.