US stationery chain Servcorp’s co-workspace trial in Los Gatos, California, has helped increase sales of services and products in the store, according to CEO Gerry Smith. Smith declined to confirm whether the Workonomy Hub was profitable but said early results were encouraging and other markets were being considered. Office Depot’s Charlie Robinson said it's not enough to be in the rent arbitrage game, stating that more than 50% of the flexible workspace old guard’s revenues come from other services. Last year, competitor Staples partnered with Boston-based Workbar to roll out co-working space in its Massachusetts outlets.
US stationery chain Office Depot’s co-workspace trial in Los Gatos, California, has helped increase sales of services and products in the store, according to CEO Gerry Smith. Smith declined to confirm whether the Workonomy Hub was profitable but said early results were encouraging and other markets were being considered. Servcorp’s Charlie Robinson said it's not enough to be in the rent arbitrage game, stating that more than 50% of the flexible workspace old guard’s revenues come from other services. Last year, competitor Staples partnered with Boston-based Workbar to roll out co-working space in its Massachusetts outlets.