Two concepts in a fast transformation…

… THE WAY WE SHOP AND THE WAY WE WORK TODAY

Department store Lord & Taylor will reduce its operations to just the bottom floors, and will see its flagship location shrink to about 150,000 square feet, less than a quarter of the 676,000 square-foot building housing it. The deal also extends beyond New York. At Lord & Taylor stores in Vancouver, Toronto, and Frankfurt, WeWork will take over the top two floors of those stores and pay Lord & Taylor rent.

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