The Growing Trend of Grocery Stores as Data Brokers

1 min read
Source: CNBC
The Growing Trend of Grocery Stores as Data Brokers
Photo: CNBC
TL;DR Summary

Grocery stores are joining the ranks of data brokers by collecting and monetizing consumer data through loyalty programs, location tracking, app usage, and digital receipts. This shift to offline data acquisition has raised concerns about consumer privacy and control over personal information. A study found that a majority of Americans feel they have little control over what marketers can learn about them, leading to "data fatigue." The data broker market is projected to reach $545 billion by 2028. The U.S. government is now taking steps to address these privacy concerns.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

1 min

vs 2 min read

Condensed

76%

37390 words

Want the full story? Read the original article

Read on CNBC