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":"afe76d90c62b21f4fb54d474b2c35330","s":"fd09f4584af11677"}
