WeWork to operate working spaces in Saks stores
WeWork to operate working spaces in Saks stores
The luxury retailer plans to launch more office spaces to target people who work remotely from the suburbs.
19.08.2021
Saks Fifth Avenue owner Hudson's Bay Co will convert parts of some department stores into co-working spaces, which will be managed by office-sharing startup WeWork, the companies said, at a time when many employees are negotiating remote-work policies.
Hudson's Bay will open its first five co-working offices, named SaksWorks, across the Tri-State area including Fifth Avenue Flagship in Manhattan next month.
The luxury retailer plans to launch more office spaces to target people who work remotely from the suburbs.
The work-from-home lifestyle has weighed heavily on WeWork by reducing occupancy and increasing operating costs, while low traffic at brick-and-mortar stores hurt sales at department stores in the United States.
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