Question
According to an article in the Wall Street Journal, Staples Inc., an office supply store, has found a new use for some of its roomy
According to an article in the Wall Street Journal, Staples Inc., an office supply store, "has found a new use for some of its roomy office-supply stores: make parts of them into offices." Because many businesses now store their records digitally and many consumers shop online rather than in stores, Staples no longer needs as much floor space for filing cabinets and some other products. To use the surplus space, Staples has undertaken a partnership with Workbar, an office-sharing firm, to offer small business owners and professionals shared workspaces inside select Staples retail stores. In these circumstances, does Staples incur a cost from using some of the space in its retail stores for office workspaces? If Staples does incur a cost, briefly explain what the cost would be. Source: Drew FitzGerald and Suzanne Kapner, "Staples Finds New Use for Its Stores: Office Space," Wall Street Journal, April 4, 2016.
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