WeWork To Run Co-Working Spaces In Some Saks Fifth Avenue Stores

The owner of Saks Fifth Avenue is converting parts of department stores into co-working spaces with WeWork, a strategy that marries the popularity of remote work with the struggles of brick-and-mortar retail. Hudson’s Bay Co. plans to open its first five co-working offices next month in the New York City area, company executives said. The new venture, dubbed SaksWorks, calls for WeWork to run and staff co-working spaces in buildings that are owned by Hudson’s Bay. Read more at The Wall Street Journal.