WeWork to operate working spaces in Saks stores

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.