corporate info

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:

    Beverly Hills Polo Club Stripes
     & Solids Bath Towels                             $8.99,   Reg. $29.99

    3-step ladder                                    $23.99,   Reg. $59.99
    CRAFTSMAN 10" Table Saw                         $249.99,   Reg. $499.99
    201 pc Drill & Driver Set                        $29.99,   Reg. $99.99

    ProForm Folding Treadmill                       $539.99,   Reg. $1199.99
    Fitness Gear Elliptical Trainer                 $399.99,   Reg. $999.99

    CD/Radio Boombox                                 $19.99,   Reg. $39.99

    'Marsala' Sofa                                  $999.99,   Reg. $1499.99
    'Ethan II' Reclining Sofa                       $989.99,   Reg. $1349.99

    Men's Haggar 'Select' pants                      $39.99,   Reg. $70.00
    Men's Levis denim jean jacket                    $41.99,   Reg. $79.99
    Men's Dockers original casual pants              $29.99,   Reg. $65.00

    40% All Men's Levis, Union Bay & Point Zero denim fashion and Axcess,
     Point Zero & Solitude sportswear

    30% All Nygard Collection & Concepts Conrad C fashions

    40% All Women's Levis, Lois, Point Zero & Columbia fashions

    35% All Women's Dresses & Pantsuits from our dress shop

    45% off All Warner's, Playtex & Vogue Bra boxed bras,
     briefs & bodybriefers

    60% Roots '7903' & '7603' and Atlantic 'AY0403' 3pc luggage sets
    >>

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