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":"SIUsSd4F+s469Z2pF9e9riOV5\/tLu0bLZAXfqk4YrjslMjRTYKgccz5pSd6dHmS6wgVRLVo6HdmIBSSu150SXnMiHfBXV4FCHb6TEd1XahWl3SdTo1tDF+QbCKDyPeNccvb0an6y\/tmg2uuDTrK5FSs3sp7tEtKfvbJo+9u7Ro5DponR0\/RXGsNELnRs2VLzmvS75KEUeh0CQimWJuj7u0DKEtmPa7qdPQBHQ4JsNbXPKPGXjEFgC9JayEkCYlR+LsvrgectqEdfqhDF6+TDlRSSONAhjq7u0arxXgNazV8j6VaZrhe1caHDRzrAo9v2qqRtU4Zi5Ub9rXjP2VYGT6su64V6xI80gg7NZONrDr7soUuWFO6nY29JV0jmeiojxeW\/KQFVW9VPY3\/SvZv1zScl9jObUg0CPRs5ucdw5MDuT3Ch8TQkCgET51AQNSobBHLxsQW\/Ml8\/YLx0trtEXSq4DAcK3EuAhShb7jEn5IN4X0PXlq+ekb5pZnuVP+WzqgiHntkOKik570OBLYy6+cgRaK\/50DjrJzuMXYUQqZqU4NujD6Qd8HEUi+K0thASt0USn761DyHYWpCSescBSAR1XF3fxc4rUugkcgewfyQcrQYMb1mm9kxhE5up\/zQuWBR5wI3Zb2toVibh+djsNnd3WB2XKxMJW4tys2PIjAslt8A8LvBYPi8dFmaaXoZW3lDm+TOVQeZLsw3yVtWB2AUgBYN4ggOD\/5lib9xtyiuiNqUoxEZBpDebBo8v6kuYnzVdG\/zDBbX+gLWP4G9kCxCVPrIE6NwbaZiPfefF7bkQTfEi\/Mm\/rKlKHEaXZIJiInttlHqDHi9KIyp\/lTzcQP2ZTNijcSOYeGIYGmtjxaAtPDUNYJdkOtec\/0dcCJmimUlY\/bD1L\/\/kn2JzT7Msm1ljpQnZhcWwll0PCyigYCfLnlMPSYIyOt8wc4Vz5xMsq3+b1x9VUTFit8zG8z3BHrEsbKoWr490pbIFFbnnBxetXNXWpIz8+ZbdcZbT8JF4H+KLLp12SM\/mTBoW1F5N+aGPqR+qE5R6tCbQpudedD0qTuUblYbCWH+sHN9Pfx3UBqAOxgwspG7ipmKh\/7klVd8Dn3is\/75YZcWXQ3hocz2l7RPyRc+zW3zaLLq2idM+dBDm46wmrxRoAeSyju1M1yjJcSTESAikXF15aHc2UyymTkg+SsJFwpxds2v13RJmyy8M2BMzpUY6ryRT0qZHMx5THk6C5zSlhqBcuXVCsloLvyT+jec\/N2tet8Vxf0i6qWVFJPZQHF1VRjQUC23xb6QZglbxANOzhS5gBwvsSrBN+o3QT2GgwOw\/ovSrhWdNL6+t89v4KfsPyZ9WDWKEzrC6+DcnF1VlGZFhGBbxIIQa\/DRZAexD1nBiJGcOB8VXZUAVWGJjdOJKwaZVxFh6kVmoqSY1QIE\/nF6\/AOASqduKqzL09iSKJy9UihPphtHvkdj+eGvL+FEmwhhnBxHtrL1tCuWx7DX7wazDOlSjTIsxpcRLK2afc7wzmSLiPUQueaBex\/wGM+m4NFRd3JF1BqH51Lw9JwTsQLKw3UxLInvaMuMIRmWkOQn7riIusDzItDYS+8SoB70RyKDPyr3SanU92ZiCDMfN8dzCBd45IJ5EqPIg4ddDvHSUWW3FTMgDABtvqdSvR6bKGwkhih6KLN3y+3PY7kGKVQ3v5AnU5Cqlw3FjR8DS76Jt9MlosVmDJe3XSc40pBBQCP6aht+ZWgLoCKESi999UQcGRKW+fRqnQh90SHpOvyAdy2yb\/WiJUwFSc+5A+FP5p6azfna97a\/3T0Kw59P+QkTRT5C4Jodwowd9H1ON+6TSaxOMWP+Y5EE7zsCoeL5ZKslCtuM8t2lmIQdqTTOihW\/Uf1C3ipCfVEudH8nEHiDPPBVDqq9\/1Vv4sQcOjMRK3SgywABlPCznrTVcZfVa9pyM6UNEnFYOTNWQEb7bs4a8fd9p8poQj7y\/1nkU63L3fukLhtWKOOwBLGM35ckpz6YHqh7oPdJrtnWanGSdHI4fQdjJJFiwKW\/82nJDx\/VasZJ9YAPTcuSotm5XBBOHad67jGjO5POc1xAYhhER6HDSLXjFGu8Id\/GoVsg\/1ptKa4nHfV8N+Jp+BHU9n0kAqitqjrFlDvCr2+Li6Zapj6Bteu2yxFuBfHL9dO6XtRGSbu38cvyCfNGxQYpjUU74u70Xt2VnbxR0QuTuipSzXPXSRtUAPfwvVOqXwkXtwizfRExpROqBDCzkT9rgW7N\/0sjzEZ35Y3JXYMZB0BrXtqGOOWtC0jt5lKclLvWx8fje4EE\/QL9Jv998MjdurXo2JC8UC8r8l17\/dRoh\/O6nBjYyUT0pFMUxavfM043m9Gm92YpmALWG5KwCORql41r+wkxhPnfesj8BljUjUHZR1c5W14lv7YOJaar1OEbYDAtidETR8Ds2wKEiIDvgCOzgVKe8b2bs+1QRYtP+g5LyUwSw6qDaXbuuvs6QCLqIIWoKODzkFFK8EBmCc8dB2mhYx6dJXdNzZgGPDuBQxe8NheaRYBDMNWwECd2M0Hg3GA4Ia5xyuWmYzqztaEiuU\/K5X2i8Q1ed56QfBaHOUStJatMd1ZftBTfLl6UzY7JXTSCiMc\/QhNNpd0njM3UqsSJ6d4R1gvFtcIYwsiYDhwZ8+HHStRhpnx0Qd9sIRW8EukWeeFBdG6nRWwUimC077i3apdaZCYu2be1EleVkqFFU1feTx8BFKz2JnsA1JQCh8gLCt7NtdVVIsyPVF3qeFllD3iM9cxRSrc2HGaLHvadTmBzhK0lsCWXhuzFRD9U9qrPJmY5uQ6BKEOGTmXJofeCRauAQoS4zNXYdS7jLbEpLKPAEQ5p83sQC6W2PiQlu2Pob2bPU+9FKZiAAVhYFKSqOOQVGL6c2zOxmy6sywTqdVBrZ83+jW4jo8JOYvGad16KOZz1eJz2D2OezhJ5M9Gg+bHzlK4+2P0XUqlQcIcCRuej93RjL0vRUHMEVAa\/vFuzb\/P9hObsWXLZvs+IV40YvAfPKyZlLWiYqoE8DUVh654hOt21+7PrN5OAMRE6MrFvpDsj1VBNGMN7N5VZQaoh+nO6Lg8yecmoad2xoZ24oOxdzAQ0EquG20jCn2yj5GUKzWWEYseKMBUfX3x9va\/zZ0beQ06wWYhgANH\/+M5H9XEJF6ZJEVbRsa0KuBV2zUsHgb38BuuvheBZ21IZSRGadTUGLVoVilnYL7oPVjimiXhgNFr77\/uQJ\/YyghiX2gkPYgW53M6a0FDhyH4dVJk25Y1UCicb\/ivPBGl6f7nbYZSwOmUgoINE+UF4r3VAXvkE8FQIYfj9\/IgOKeCHdrU0d96MeisD7swfmbDAgMjr\/jqMqnhKZcZ2by3OZQgFXs+JKX0ApgCnWM5awW3LdLBni08Q55Q0JqbGaYZTc2vNoud5zqG1HRTB2cxahZsCc\/1dr+NL1ws6FrTTP5vRu3eYYLBiF1pFHrsOopmt1ROIM\/wXYJDaIuGdMD24v0ulxBqjmrQudp0jxwdFGNxEDKkzBy8QWX+5eTEIYlIyBHRmo7hl9ae1+WfJ3jfScwXo2rEJn0ZAc2Ue1\/nCmAFiYkfT562oSXvOEr8hBs8ov65fiI4YQNuY1G\/yp30+2MGnp39Dffa5C8pbAVw1qSyCrRYD9m5RX5eOcnU3ZPz3jP7SVCupWChWWz55PgYIRRWB4nNqGabb1FSdhZA2qBzs\/qKWA19HzEy6z13G9jyC3fq6oTDNgFb8Q\/303x61rAj7TrTF9Ka7atlneiMlf5GcAsHcyd85EoUV2GacMsRbjX40CHGHQD6Y7rpw4eZPD5oqXsFF2001CsE0DPAUtvM83o39+CyVfxqIVh2J8u4HfTzE1V0QDigxSBLPb2TgS71QupVWcSH1plbGzHSWLE2tPYvw1i9aG04e0LJoXOXgjBSdmpJG+g2D+obO6wGSBvVCxmcuskTBNrHCGV\/hFqCLMgJSVtgnv3xeXL3nn5IdRiw\/dNvgjM7rsCqFEOhO9LcHiW+7CDryIi0CIOLy4W8lCd+plk15ELu1aCVku05X\/Asre9EZun4\/yUBSC3CfmRNSK+5x9Fx+enlDj4uwWAH4TXUhEZyujja6Hm4BVCsO3Ap60ST5zsQDMSqLrP1mBYuhkWGf3+w7cW4vyRhHzWdghmHTKXZSqucsBtongZT1665t\/ZXWKG+BDBhdtEfj3Ekj6BeFPODpu9ub8q5mcytjcMnay\/YhIx\/wLXu2liHYjKSAD3dterTG+T7TAdx9zqlEpXTz89ZusLveNBMERpMy9kOWxjVgzk3hPW4UPEWd7\/4mCiM\/t\/GcNp53TPiyBsYd8CWcFT2\/AHw+Jgdt2\/meXCZNQP4uaN1ZHLS1dp6cKySbDMObdKnRSxGYfqWfw65qAC4uyzcO74CdhbdrZ83jBWB5ZdrDxyc7OLElBH\/r\/I+FtTRqWgjTIshD1vr5LvMIez29PyDpHlJ+em+DkulDXdIQIUqdqvjPDHAOYC8phk4TSgLdXxiF+pM2dMB5syOOb0H9RGWgkpsoljxiYvnWxWKOsMDjYLHFEN9VK+fkbPJ7nPz+0fnvFRjp8o8AhzlM2nCCwIAMUcrjKQP+CmVyLdmTpIK3QcQueBGmXsZD4nPwHBFGScp3K4HcowyQSjGKa69+kwFZzl+F7QSBdNR\/mXzAmstHlPruRepiCla8XboMkMZXRQ5+m42OcVQz0M7t8\/83r3bWxV3lAsqVWl\/aiYd6his4pK+Z72YxX8D16B1s78YBMpt6rpu8tu\/38bD9hr\/iK7tvAFSsY1iRSH1j0WZI6eGACDenDRYPHrbApMr98koV91F3u1WTX1a8YGkhSG4XHeO6phPZ9oIilswbHG4xmFOaXtlk4JsqMyWYi4w22zfXEHrfDUzBfXOU7wTwQddMvgiVBbhxJwGEI4r6UN+f+ViMFwWmc\/3FXfmqk22AJZLjTLem94xEibhRaKnwZkP0mulQOW5I8fNRuZLgrwFJRfnwn2N\/KIb8J8BNFTgATKcn2jwf15cE1rBM7WWeQlwxz6orzJeyyceUgZgcY1I7G+hxvOyWODDUwS0bnukwVVXGGHaxfdwy2pZf+qGOv5li\/Pn6BS1veTwCJsLRxJGMYt7SmbqV8BudfVT+Yrrvj2c3qWCeDvJQeHBMFOZYhPFrXwgTQuZCqFXDNU82RTvAuLpM1TX1jjTBdSgCHbvnBogpAbOiE8CPUZJfbEsPw7YKShREBuXoCkKHhf5u1gtNKjl2FUas3TIZNv1Z9r8BiNTS1uR8AzwbLsWAif75WHkA\/nG\/V3tW+Y3Dpc2dl1icMs3OO58+Rf\/r+Y+FuqBTF4JnWFadBpFToYybAQ2Rp1w4u\/Jk8Ww0eD8idLDsWdxF6EZippMWbXuuLUf2hkabeM6gfFZxOav7Mpwh6Mn7brW8co95R8kR0uDtIAxMniO5j3cqOzUyGUyu7ri60NqDslwufC85ST5c6Uxg8oi2ajYDJI2FXCJS0ujjietAG90asF+Zh\/uETQMWPPRGM77XsnzzHVl3aKuWiDcn8O0H+lf\/lJGzVxif2ozPnZ+b+w+eCp5tx7pX\/HXsHjXwCGtF6Eqi3R9RTBM7QEkyLwBS47w7DnnoF+FqWR+Bc5Y4yBQo+2juVdWfyms5CnwBQPR+UZiv6r4ozfwDQm\/dWwm\/a\/u749wjnaL3lUwCm6CNEf+4Qm7JP9JDwtes8T4WxF4hf\/YCif+ygQqopU\/BlLIVcZhx6HUX68zVKhMYxoSkX\/sGRSGaNMdHtBk6lSgVuyezKVIESnk+eHfq7819EU6TIWXToAIfP8Us7C+WnfTEDIRFQGhs63DF9mknpfd4wISiTp5FO1RMzjZ1EP4qA1AV\/DqKRsl+My7NNfMOZLmriHJJoIHYAeu3hmu\/ZNTbzSY2Nz+M6vHGG5eSH9YpNefGVhuFIYA8zlHgl8sCLp07I3LpoBDlPx+uogfopfVBjt89M8M3qwhQwX5oBK5EHy7TNKBJjfh+Cp6AM6WzBxT9fGBmvUzk472d\/mk\/QcPquaNUwQR\/2mU7ddVc7OZcbcwPS1iaD1NZdvij\/3fHVKxXM1BLyrGbHN2rHyNWpySoVRyl7fyfX33EVb\/64qIR+7JGn4SMf8BOjAjR\/7XM17EGirlvaFQvgO\/DmAMnA3qDx2MAhu2e8R4\/fdaEOlFlujdqK5T\/d44hR0o2q1G9zr96UlcHaTP3bf\/YDzpLFn+EClleYA2b6Ak90baMeLWru0DLAD3FLhdSGLfSyu1M39Rzs4++pn8WTeGinB9kfgvspVJx\/L07j9hPyXpupTYW6BnVarheDPcQNdZoTPAQ59CMEHp\/WREpunUC6w4oemFkj7LhGNiut40uRYGmyiuxW5QznnEw8iazqHXdLzGFSGbPbaUQ6eYyDLoNtYmT\/lAuy++9bhs3vI1LKs7B\/ihg9tEH9TocADeXk3+pfIrqNWv4eo3R6cJqqgBoqjPF1alCPTafWG4C9P0RbmxNPc4QHg2FGSBy8teZtu+68zK5xnjcQ2kzS9KmckUDVk5ZHLOJN37oca5s2nJEPZBQZX5wEcDPVjIcT85O6nTJhRtvA5DmH3zvwLIkqYMzHLgT6Dlx3\/bUvQ15bkKigQzx4BPc2lYoopEz4\/W1NtYOQ5xNeF8gjf6KABjDVnN6g7nihpHpuldYWOQzaqzYIB60VPOFb6ueH3O9Y7RK8ZNMt6d+yHRBrZUU\/0OWcBRaq\/eU1R2Cd0gh81o40pXOURKn8Lgtd0Ts4zaGBE1P2GmuL7Nir6jRnmQdvxEMa55+lbsMjrJ+jtut6LP89veEqOa5zUPYUgXXofAK1liFkERkQqvquAYk9xC8p76NzcyXeMJ\/14+FsvGA2AWMK5kNRhEdMpQMZHnXrSTHCgNq\/9tpye5xu7dqLFYhkmdZpmg4iVWDjfOrmmsrt27jQk3VOl2t8EaGyja+Zfi30gaKyz5ThqNkVIat\/fjuqBemcrz04\/3bCNXnsz0vTAkNmL5H1VksMmS9BhMVlHL3vZGEfvDM4glBDPo6qFOSklET9VvnbpfOHgoR8aEVfgiwEUP5PzoBkuyKaZppvLDBWIdWkMz00v4c4IHcgHhP3atfocm6cE514uFANiaMNQcXfOmuWqfDfL13iL\/Z6dl\/hmWHwfx886UXMUPX4gqaV4Vez1eLcCVKqCxJfFLQfNfnpHvNoBPlfrmR4npXadbkE+UIbhC9r+k8a\/TEuoIKan99LwIpTfYQrSG+q21fArNSK8X20XHKzTLhEovky8XWTc5CctuspKqzn9krnKJ215pAyVHqCP7D8qlRa9qhQNVEP68Q+4YwXexF7u6iADevpE2xg0aLv3ZpofyUS59IFepIM3nOajaaPtnEt7yBFWIyFhb2gvWW9qZcrUp+\/I+ygcwVTueoeoynJ7MS\/J1Fg76OW31yCfgDzq8cj21K4RyWE+malHx\/rGQTwO2pii4k7f7oswiNUPFQHMNxdvQ2\/xScjy9T6mu\/LTCkgAc\/05FRwjdG8g7gh2o7NFahN88vATK\/AD\/4p1KL8ji+owmeqbKnFqs60lmuzsIMZJr1fcSK3vTzOqPc1C1cYiQ8Q0\/BwDBYJNc4U32AAZC7M1\/4Xs+LzR0vae668MWAeQv9VCuXkgshtXjAcvZRLUiXc7Qr2zy3G6ZjqmsV+NfS2a3n8LjF07\/aS45K1qKJsLb5DueHaZdHNxoQauR9TlSkSsVsn1rb+DVjktIVsNxr9UE1nL+HdPOdFCgGsObXhI3YqosNcjvl5GZXqA2npWwzu1kHawlVX+BoPZR0r1K3ydV1uxnz4PSzPloaRLtxYyomBNnDZDstGLJzrLmaVF4IeEDLwYVw9db8sNPHAuv4HOTa0FMEmvajeW1esTsILbvCf79DZur1A93FhnlWBUN3OAHBPwQajoMDdyvKbAI0jEOa92JMt2kz1IdbJHSp1gzC08i9FnhxCRAA7ZyKzucLhxriWAkiFdzQZa3vlaVUNxAuzU76zXTDzVhy7MWgfHwJOnouFqdAGknez+3Egen++PEovf5ZcsVr1\/hTRPzAx05umVz0cuqLwKpjQ6tw7vTj5do6szmdPyCD\/S+kYse9WXGOv3EjKraPps7hA0C\/B22DWJqjDpXGQKIk2eKS\/A2gM+S2SkxJA3fX46EvxHJoJ9MoKOKKr0UDv7niy+Iwm6FGpl4hYv8\/aYrv47N33jXDVdQdJx7jw54tyS2kTuQrI+FTm4JoCg4MR7nj8spWkkh1HVX7uy\/NuEV8wNhvcxpwhmZQV9hpY2VMkbwYISW\/00Syd98WFdr1mo3izeqivK8IyAgCPmWFoaDkl1aIB7dWfHWESvltPaiX0UXs0yiPliE+Xa1kneHXG+8yG5z2D05rzbY4HBotzluIKSTFCLG3iiLU1v7njbx+w5KXYTXLUE7zneQpgxROEcBYJdXzAfnj3HOG1V3bf39oUkaFDMZtYfP25gHPmTEEmnJ4R1dcKk8Ik6ubE4kpC7SB1T2pPvV8c\/th4ClM1x5R5xlr5EqOkjvCO\/ghWpaX+awxWwA597N3fKqIGtZ9YFra+kCH6HDtfKH8NUpcz1\/56BBXna0XcuDfLJdRSvYaFZ7PzsPj9kghzVpXiviFDfBqQJAewO0DHkzWKHHb5QrGvE5Lla2EbJ\/iFbimlpoxaVXcp4WjjeZgXzDgid1xazkoKy1mTwyxwOzRmwQFu60Ck5OO8r\/Ss9syHVUb8FPkmtBXWe8bj2cp089JDlB722ZYdeu7jzqfeOL08DwZ33+WXt+PdQnt1a6HVdbPWRlh9XUwnv1ReOALw9RwsnDrmEWX9GnzfMKSY2r1xte0LUmVGmWv4tEC+ghhnj4pe7IsiB5SrOW\/qLBUsHMJKOd+xtM0A7\/Y4+CSl+FqXCrqpFfP66e\/lsuNeeFrdZqmkX0hJDbCg\/lY\/qn6hYbgNwe3f4Ut5p6vttjEoo+Gu+stFhRZ3W6zxxxHs+CmA07gBw9BENDcqCf5cSI6AyfYUY50SDuDxfJ35w8TakiO\/w4pwT50sPppI\/+zVgjXGWeFEjpoW3l0o+IaiGjNomu6aMJeN\/ibohhxiQON7R2P1TTfWl6ivBUTH9niXbDV1UhL1ug\/lGjZBKhp619tclEY6uegz\/bPy924qA0mV+F6DB2rm3u6I2LJzdtre4MjeKwCwULnwQKKgg0K6lbtBQEbzOxzXA9phRAbg4Dszf1DFFRnWzQLzT13hDhYszryoNYMee1g4BXQjxT8Vi9emOCV6+VpH98ZgmbBhqUFDzQ+9SSTqo2ZtWUq5AFUdSyhdhmCnywrBPqZNlxHagIg+ZB9ojg2RwP1uWQIWuUbh4NamdatpKQYAED3zIBP6+\/Jp4AvwicoR1bjaqD8U\/TBCYcfGibPwsr8E+tWc+T7R8JQj5Afwj9TqR4GVudvrxY1eU\/ANgHhDG61CVGoZW7fYMK+BcYUfTUeis78j8fDlale3OM7LKJ14k9FItq5ljh+73f922X16JqUVEZxiyZ61k+xU7+OPPXVPuOfFd5YUbsORrvuYIdZYImQtJHGkVtMiVywcn+Ga0+LYpAhgGJm0voyQipgq25vGxHH63qDvK7GtCcHLV7COlm+OuhtudtBPkdXI8PmSHvNSlPevJasY1bYsucopuu+OgDJ3SYnL\/ei6f2W12rU=","iv":"a74ae6c85029b3ca9fae58e24ca7276c","s":"c1e387404c52c548"}
