A weaker Turkish currency - down some 45% against the U.S. dollar this year - should be a great for tourists heading to “brand damaged” Turkey, but fears mount that an economic collapse in the country and panic would be far more damaging and more than offset any temporary boon from a weaker Lira.
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.
New laws will affect many U.S. companies—especially those in the technology and infrastructure sectors. Read our definitive overview of this complex legislation and how it could affect your own business.