In the latest sign of the ongoing retail apocalypse, Office Depot has been forced to pick up a part-time job.
The company announced today that it is piloting its first-ever coworking space, neatly integrated into its Los Gatos, California, retail location. Yes, that means you can pull up to Office Depot and work alongside real office supplies. It sounds perfect for road warriors who are tired of working in their cars or, you know, anyone priced out of Staples’s coworking space.
While working at an Office Depot sounds like a beige-carpeted version of hell, on the plus side, you’ll never run out of toner and will always be able to find a pen when you need one. How that will stack up against WeWork’s onsite gym, The Wing’s on-demand blowouts, and Servcorp’s private jets is TBD.
The coworking space comes as the company expands its Workonomy platform in a bid to be less reliant on retail revenue. In addition to the new coworking concept, Workonomy also includes services like DIY copying, printing, packing, and shipping as well as a new line of tech-support kiosks that will offer “direct, on-demand access to Office Depot’s technology experts,” and whatever it takes to survive in the current retail landscape.
KUALA LUMPUR (Aug 14): Ringgit drops for a third day and a gauge of expected volatility jumps as markets remain wary about further fallout from the Turkish crisis.
* USD/MYR gains as much as 0.1% to 4.0970
** Pair’s 1-month implied volatility rises 0.295 vol to 5.63
** Support for spot 4.0413, 4.0366, 4.0083; resistance 4.1093, 4.1230, 4.1355