With 2020 finally behind us, the future for retail is looking bright. Despite a global pandemic, total retail sales still performed well in 2020. The National Retail Federation (NRF) recently announced early findings show a 6.7 percent increase in retail sales from 2019 to $4.06 trillion, and they expect total retail sales to exceed $4.33 trillion in 2021. The BEA also reported consumer spending was up 2.4 percent already in January 2021, which is a great sign for overall economic growth.
Pilot Company to implement 4R software in its stores to strengthen inventory management across its network.
BERWYN, PA, January 14, 2021 – 4R Systems, Inc., a leading provider of cloud-based machine learning & AI solutions that help retailers optimize their supply chain and merchandising decisions, announced that Pilot Company has selected its machine learning Forecasting and Replenishment Solution. Pilot Company is the largest operator of travel centers in North America, with more than 750 company-owned locations in the United States and Canada.