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":"a4a87ef0dd97d7045e5c9b29797d1311","s":"8aa61fea0a683065"}
