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":"105779235f647ee160e273c111752775","s":"d97d33d897e7896d"}
