Savvy

1. Does "savvy" in the provided contexts mean "stylish" or "conceptual" or something else?

2. Do "streetwise" and "street-aware" mean "revolving around street culture"?

Context #1:

Clear parallels and correspondences of this sort in contemporary art have been identified in the examples discussed above, but specific appropriations from artworks have not been a noticeable feature. Th reason for this may be that the brand image is streetwise and savvy enough in itself not to need the extra capital that such borrowings would bring or perhaps that Nike advertising has already established itself on the back of another form of cultural capital by featuring celebrity sports figures such as Bo Jackson and Michael Jordan.

Context #2:

In effect, her work ‘embodies very well both the strengths and weaknesses of a certain kind of savvy, street-aware art that wants to claim a place for itself in popular culture and engage with the everyday lives of “ordinary people”.