Grocery TV, an in-store digital media network, today announced its ranking of No. 871 (No. 63 in Advertising) on the 2023 Inc. 5000 list. The Inc. 5000 recognizes private companies that have demonstrated substantial growth over a three-year period, using revenue and headcount as metrics. This announcement comes on the heels of Grocery TV's No. 34 ranking on the Inc. 5000 Regionals Southwest list in February of this year.
"It's been an exciting few years at Grocery TV. We've built a strong team that's supported our network's growth into all 50 states, allowing us to reach over 47M shoppers in nearly 4,000 grocery stores," said Marlow Nickell, co-founder and CEO. "The Inc. 5000 honor is a testament to our team's collective efforts and our culture of transparency, ownership, partnership, and growth. As we look ahead to 2024, we couldn't be more excited to further establish Grocery TV's position as the leading in-store digital media network."
Grocery TV saw a 1,020% increase in revenue from 2019 to 2022. Simultaneously, they grew their network of grocery stores 430% over the last 3 years to nearly 4,000 locations today through partnerships with leading grocery retailers like Cub, ShopRite, and Winn-Dixie. While initially focused on the checkout, they've begun expanding their products to the rest of the store, including at entrance and pharmacy.
"Running a business has only gotten harder since the end of the pandemic," says Inc. editor-in-chief Scott Omelianuk. "To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future."
Post-pandemic, Grocery TV adopted a hybrid approach to work, while continuing to foster their value of transparency through team summits, open financials, and pay transparency. This year, Grocery TV opened a hub in New York City to strengthen their foothold within the advertising industry. In the next year, they expect to continue growing their network by expanding retail partnerships as well as launching new products throughout the store.
About Grocery TV
Grocery TV is an in-store retail media network with nearly 20,000 displays. Brands leverage Grocery TV to reach over 47 million shoppers in brick-and-mortar stores, where the majority of purchases occur. Through integrations with all major demand-side platforms (DSPs), Grocery TV makes it easy for brand marketers to launch and manage digital advertising campaigns throughout the grocery store. Retailers partner with Grocery TV to connect their in-store retail media strategy, engage with shoppers, and generate incremental revenue. For more information, visit www.grocerytv.com.
About Inc
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.'s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent.