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":"31b8485822b01e2e0a27481e353f4a3f","s":"749c27dd45c0a061"}
