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":"4ab8fb1ed72c4dd01c16e110bdccba05","s":"c86a1f652217bf60"}
