Sears Holdings Applauds Governor Quinn for Signing E-Fairness Bill

HOFFMAN ESTATES, Ill., March 10, 2011 /PRNewswire/ -- Sears Holdings Corporation (Nasdaq: SHLD) one of Illinois' oldest retailers, applauds Governor Pat Quinn's approval of House Bill 3659, which will restore long overdue fairness to the tax system for retailers and taxpayers in Illinois. The "E-fairness Law" helps to correct a longstanding problem of out-of-state businesses not collecting and remitting the sales tax in Illinois, a practice that has put brick-and-mortar retailers at an unfair competitive disadvantage for far too long.  

Amazon.com is threatening to leave states and terminate relationships with all its affiliates rather than comply with this new law. As we have stated, we will gladly welcome these affiliates to the Sears Affiliate Team.  We recognize and value our relationships with our over 6,500 affiliate partners AND the state and local communities we serve and we look forward to adding new affiliates.

Sears Holdings thanks state lawmakers in the House and Senate for their overwhelming support for the bill and in particular wants to acknowledge the leadership of the main sponsors of House Bill 3659: Senate President John Cullerton (D-Chicago), Senate Republican Leader Christine Radogno (R-Lemont) and State Representative Pat Verschoore (D-Milan).

About Sears Holdings Corporation

Sears Holdings Corporation is the nation's fourth largest broadline retailer with over 4,000 full-line and specialty retail stores in the United States and Canada.  Sears Holdings is the leading home appliance retailer as well as a leader in tools, lawn and garden, consumer electronics and automotive repair and maintenance.  Sears Holdings is the 2010 ENERGY STAR® Retail Partner of the Year. Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands' End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands.  It also has the Country Living collection, which is offered by Sears and Kmart.  We are the nation's largest provider of home services, with more than 11 million service calls made annually.  Sears Holdings Corporation operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation.  For more information, visit Sears Holdings' website at www.searsholdings.com.

SOURCE Sears Holdings Corporation

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