The retail giant’s newly launched startup investment arm, called Store No. 8, has named Jenny Fleiss as one of its chief executives, according to Reuters. Fleiss is the co-founder and former head of business development for Rent the Runway.
Store No. 8, which is being spearheaded by Marc Lore, Wal-Mart’s e-commerce head, will work with startups that specialize in areas that include robotics, virtual and augmented reality, machine learning and artificial intelligence. Fleiss will run code eight, a start-up company that will develop personalized, one-to-one shopping experiences, the report said.
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