Which major retailer launched the first innovation lab called 'Walmart Labs' after acquiring which Silicon Valley startup in 2011, marking a pivotal shift toward tech-driven retail strategy?

Retail innovation labs are where major retailers experiment with cutting-edge technologies and concepts before rolling them out to stores. These R&D hubs have become increasingly important as traditional retailers compete with e-commerce giants. They serve as testing grounds for everything from AI-powered shopping assistants to frictionless checkout systems. How well do you know about these retail innovation incubators that are shaping the future of shopping?

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