Ecommerce growth comes at expense of revenue growth: McKinsey
Posted BySarah RamirezOn In Featured,Industry sectors,News,Research,Retail | No Comments{"ct":"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","iv":"dbbdb052aa3b074f51ff4410df69cad5","s":"055200b52e0d0cc3"}
