Holiday retail planning for the fourth quarter traditionally follows the same formulas year-over-year for many brands, but as the way in which customers shop throughout the season continues to shift in unexpected ways, research from Measured provides retailers and their media and agency partners with valuable information regarding the best way to measure and manage spending.
Using data from 2025’s fourth quarter and applying it to this past holiday season, the report gives readers a dynamic view of the marketplace, detailing at length how key performance metrics, including return on ad spend, fluctuate significantly over the span of the season as channels go in and out of fashion in terms of their ability to drive ROI.
In testing the holiday period’s effectiveness, the report also verifies that spending at peak periods of demand does not guarantee the highest marginal return on media spend (MROM). In fact, though Black Friday and Cyber Monday (BFCM) remain the dominant shopping period of the season, by peak spending time, the ROI of additional media dollars actually declined into end-of-season skeletons, only to strongly recover in late December.
In looking at how brands spent in the peak shopping weeks of the season, Measured found that though many followed the playbook and ramped up spend for BFCM, in the end, 25 percent of such brands actually increased their spend after the holiday and earned 30 percent higher average order value than their peers, also seeing higher MROM.
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