Sears Canada Appoints Chief Financial Officer

    TORONTO, Oct. 17 /CNW/ - Sears Canada Inc. (TSX: SCC) announced today
that David B. Merkley, Senior Vice-President and Chief Financial Officer, will
be leaving the Company to pursue other interests. He will remain with Sears
until November 13, 2008, to help ensure a smooth transition. Mr. Merkley has
served as Chief Financial Officer since 2005.
    The Board of Directors of the Corporation is pleased to announce the
appointment of Allen Ravas as Senior Vice-President and Chief Financial
Officer effective October 20, 2008. Mr. Ravas has held his current position as
Senior Vice President, Finance, Sears Holdings Corporation since 2005.
    "On behalf of the Board of Directors and associates of Sears Canada, I
want to thank David for his contribution to the Company and wish him much
success in his future endeavours," said Dene Rogers, President and Chief
Executive Officer, Sears Canada Inc. "I also extend a warm Sears Canada
welcome to Allen as he joins us in this very important role. He brings a
wealth of experience to the position of CFO which will provide leadership to
the organization on all financial matters. I look forward to having Allen join
our team."
    Mr. Ravas joined Sears Holdings in 1997 and has held senior roles in
various finance portfolios including Merchandising, Supply Chain and Off-Mall.
He was with Target Corporation from 1993 to 1997 and with May Department
Stores from 1980 to 1993.

    Sears Canada is a multi-channel retailer with a network of 197 corporate
stores, 185 dealer stores, 45 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

For further information:

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

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