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":"d07bf7106a556b6406a3d82a9f8a3ad5","s":"9740402b6c800f70"}
