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Retail Trends (Revionics)

STRATEGIC ADVISORY-
Custom research and advisory to
identify, size and act on
opportunities, provide actionable
market insights, and craft retail
strategies and recommendations.
RESEARCH ANALYSIS-
Coresight Research publishes
more than 1,000 reports annually.
Our in-depth, data-driven reports
provide sector, regional and
platform-specific analysis.

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New Retail Inspirations – AI

After acquiring a number of online apparel
companies, Walmart will host a Lord &
Taylor storefront on Walmart.com starting in
the spring of 2018.
• The intent is to create a premium fashion
destination on Walmart.com.
• Walmart is beginning to build out “elements of
discovery and inspiration” within the fashion
portion of its website.

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The CORE Framework for AI in Retail

1) Artificial Narrow Intelligence (ANI): “Weak AI” that specializes
in one area. We have so far conquered this stage.
2) Artificial General Intelligence (AGI): “Strong AI,” or HumanLevel AI, that is as smart as a human across the board—a
machine that can perform any intellectual task that a human being
can.
3) Artificial Super Intelligence (ASI): Much smarter than the best
human brains in practically every field, including scientific
creativity, general wisdom and social skills.

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How AI Is Powering Retail Growth (NRF)

• AI is human-like or intelligent
behavior exhibited by computers and
machines.
• It is enabled by a computer program
or set of programs that help machines
make autonomous decisions through
cognitive functions similar to those
typically exhibited by human beings,
such as learning, decision making
and problem solving.

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