Sears continues slicing and dicing of real estate

|By:, SA News Editor

A lease agreement signed by Sears (SHLD) at a Pennsylvania mall could be an indication of future strategy.

The department store will share space with Dick's Sporting Goods (DKS) by subleasing the second floor of the expansive space.

This slicing and dicing of existing space has been suggested in the past by retail watchers as a way to extract some value out of Sears' real estate without a full exit.