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":"9f9aa79e7450dfa2b5bc78632e27994c","s":"e866dc29ac916df8"}
