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Sears "Budget Relief Price Drop" Program Continues to Offer Canadians Exceptional Value
TORONTO, Feb. 20, 2009 (Canada NewsWire via COMTEX) -- Customers of Sears Canada Inc. (TSX: SCC) will continue to benefit from the Company's "Budget Relief Price Drop" program as the Company continues to offer exceptional value on items throughout the store, including some with savings of 70% and even 80% off.

Sears "Budget Relief Price Drop" program has been developed to respond to Canadians looking for ways to get more value for their dollar. The program provides lower prices on a great selection of merchandise aimed to demonstrate to customers that they are getting the best prices for apparel and home products without having to lower their standards of quality. With consumer confidence remaining low and the difficult economic situation continuing into the first quarter, Sears "Budget Relief Price Drop" is certain to be welcomed by consumers looking to stretch their household budgets in 2009.

The "Budget Relief Price Drop" promotion for this weekend includes the following items:

    <<
    Lagostina 'Gastronomica' 12-pc Cookware set      $279.99, Reg. $699.99
    Lagostina 28cm Chef's Pan                        $25.49, Reg. $84.99

    11 pc Screwdrivers and Pliers Set                $19.99, Reg. $79.99

    NordicTracK Folding Treadmill                    $1399.99, Reg. 2399.99

    Men's Dockers Pants (Timed special,
     Sat. morning from 8 - 11)                       $26.99, regular $65.00.

    Men's Point Zero Jacket                          $59.99, Reg. $99.99
    Men's ROCKPORT 'COALFAX' Shoes                   $71.99, Reg. $119.99
    Men's Nevada Basic T-Shirts                      $5.49, Reg. 10.99
    >>

Customers can also take advantage of Sears $16 million Mattress Set clearance, and save up to 50% on selected sleep sets, including the Sealy Posturepedic Meridian Luxury Sleep Set at $999.99, Reg. $1599.99 until March 1.

With respect to prices at other retailers operating in Canada, Sears reminds customers of its Price Match Guarantee, which states that the Company will match any advertised price in Canada. Customers can find additional information and details at their local Sears store.

This release contains statements that are forward-looking. Actual results or events may differ materially from those forecasted in this release because of the risks and uncertainties associated with Sears Canada's business and the general economic environment.

Sears Canada is a multi-channel retailer with a network of 198 corporate stores, 187 dealer stores, 44 home improvement showrooms, over 1,850 catalogue merchandise pick-up locations, 106 Sears Travel offices and a nationwide home maintenance, repair, and installation network. The Company also publishes Canada's most extensive general merchandise catalogue and offers shopping online at www.sears.ca.

SOURCE: Sears Canada Inc.

Contact for Media: Vincent Power, Sears Canada, Corporate Communications, (416)
941-4422, vpower@sears.ca