10pc increase in online penetration could cause 5pc drop in store profitability: McKinsey
Posted By Dianna Dilworth On In Featured,Industry sectors,News,Research,Retail | No Comments{"ct":"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","iv":"5ddaaac7cb074f34780402690fdfc1c3","s":"c154289d89714861"}
