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Spring Savings at Sears this Weekend as its "Budget Relief Price Drop" Program Continues to Help Canadians Cut Costs
TORONTO, Mar 19, 2009 (Canada NewsWire via COMTEX) -- Sears Canada Inc. (TSX: SCC) announced another great weekend of savings to help families across Canada cut costs with its popular "Budget Relief Price Drop" program. Beginning Friday and continuing through to Sunday, Sears is offering 55 per cent savings on Samsonite 'Excel Lite' & 'Exec' open stock luggage and $100 off Euro Graco Travel System stroller. There are also "timed specials" throughout the weekend on a broad selection of merchandise.

Sears "Budget Relief Price Drop" program gives 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:

    Women's Haggar Women's Wear 3/4 sleved shirts
     & 'Gloria' pants                                    $29.40, Reg. $49.00
    Women's Tradition Country Collection fooler t-shirt  $14.99, Reg. $24.99
    Women's Tradition polyester-cotton jackets           $59.99, Reg. $99.99

    50% off All Men's Arnold Palmer shoes
    45 % off Women's Tradition 'Ellie' pumps
    45 % off Women's Alia 'Lily' stretch casual shoes

    Saturday Timed Specials 8am - 11am

    40% off All Men's suits, sport coats, suit separates,
    dress pants, dress shirts & ties
    40% off All Women's Spring Dresses
    40% off All Women's hanging bra & panty coordinates

    25% off All Cribs

    Mio Knight Rider GPS                               $179.99, Reg. $299.99
    Sony GPS                                           $209.99, Reg. $349.99

    Sunday Timed Specials Store Opening - 2pm

    40% off All Men's & Women's outerwear
    40% off All Women's Pantyhose & Tights

    26" Free Spirit Aluminum Bike                      $124.99, Reg. $249.99

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
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Sears Canada Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.