Sears "Budget Relief Price Drop" Program Continues to Offer Canadians Exceptional Value



    TORONTO, Feb. 20 /CNW/ - 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.





For further information:

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


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