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":"f519499488561be55cfce92f07b2d0b4","s":"40ee9240055b4e17"}