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":"117c802681e24132bbc3660c3da8d193","s":"8fad2a77fdaf0cd0"}
