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":"26c92ffc4b12a8a07c258faf672b33e2","s":"f0e21cb979d9037a"}