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Sears New 'Budget Relief Price Drop' Items Helps Canadians Save Money during March

TORONTO, Mar 5, 2009 (Canada NewsWire via COMTEX) -- As consumers continue to look for value to stretch their household budgets, Sears Canada Inc. (TSX: SCC) today announced the continuation of its popular 'Budget Relief Price Drop' program with some of the best prices of the season, including a half-price Nordic Trac treadmill, half-price mattress sets and 60% off organic bath towels. Plus, as a timed special on Saturday, March 7th, customers can save 35% on all regular priced women's intimate apparel from 9 am to 11 am, including popular brands such as Wonderbra, Warners and Playtex.

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:

    <<
    T-Fal 30cm skillet                                $39.99, Reg. $99.99
    Heritage Renaissance 28cm non-stick skillet       $29.99, Reg. $109.99

    Whole Home Organic Bliss Bath Towels              $10.39, Reg. $25.99
    Harvard Bath Towels                               $6.39, Reg. $15.99

    19.2 v Craftsman cordless Drill flashlight combo  $63.99, Reg. $159.99

    NordicTrack Treadmill, 16 programs,               $749.99, Reg. $1499.99
    1.75 continous horsepower,
    cushioned deck, EKG heart rate monitor

    NordicTrack 'Viewpoint' Treadmill,                $1399.99, Reg. $2399.99
    18 programs, 2.5 continous horsepower,
    7" LCD tv

    3 pc Kenmore kitchen on sale for $999.97, save $380 off the separate
    regular cost includes an additional $160 saving. Kenmore Kitchen
    includes:

    -Kenmore 18.2 cu ft fridge with top freezer       $499.99, Reg. $549.99
    -Kenmore 30" Easy-Clean Coil Range
     with Lift-up Cook top                            $399.99, Reg. $549.99
    -Kenmore 24" Built-In Dishwasher with
     Quiet Guard Sound Reduction System               $259.99, Reg. $279.99

    'Victoria' sleep set                              $999.99, Reg. $1999.98
    'Carlton' sleep set                               $699.99, Reg. $1399.98

    Men's LEVIS 505,528, 550, 516 & 640 Denim Jeans   $39.99, Reg. $69.99

    50% Off All Men's Retreat S/S Microfibre Sports shirts
    50% Off All Men's ARNOLD PALMER
     Seersucker Sport shirts                          $14.99, Reg. $29.99
    50% Off Mens's ARNOLD PALMER 'HARPER'             $49.99, Reg. $99.99
                   'HANSEN' & 'HARLOW' Shoes

    40% Off Men's NEVADA Fit Jeans                    $23.99, Reg. $39.99
    50% Off Men's NEVADA S/S Basic T-Shirts           $5.49, Reg. $10.99

    40% Off Women's NEVADA Fit Jeans                  $23.99, Reg. $39.99
    >>

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