10pc increase in online penetration could cause 5pc drop in store profitability: McKinsey
Posted ByDianna DilworthOn In Featured,Industry sectors,News,Research,Retail | No Comments{"ct":"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","iv":"bf094f70e62fc930a603b98dd0729eca","s":"5e4174bf8545ce1b"}
