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":"e07fa794b48df2d1b4f91f5751859983","s":"d7c707d5c5e9bf4f"}
