10pc increase in online penetration could cause 5pc drop in store profitability: McKinsey
Posted By Dianna Dilworth On In Featured,Industry sectors,News,Research,Retail | No Comments{"ct":"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","iv":"9531066bb6a5076babdaaa77b4015687","s":"40a5f22e569879ff"}