Sears Holdings Names President for Jewelry Business Unit

Michelle Pearlman to Lead Kmart and Sears Jewelry Teams

Sears Holdings Corporation (NASDAQ: SHLD) announced today that Michelle Pearlman has joined Sears Holdings as SVP and president -- Jewelry.

Pearlman was most recently with Ann Taylor Stores Corporation, where she served as EVP, ATC Direct, leading the internet sales division, including and She was responsible for e-commerce merchandising, marketing, technology and operations. She joined Ann Taylor in 2004 after five years at McKinsey & Company, most recently as an Associate Principal where she managed turnaround and growth strategies with numerous retail clients and prior to that, spent seven years with Procter & Gamble where she held brand management and customer business development roles.

"Michelle brings a wealth of expertise in managing profitable online and traditional retail businesses and driving operational turnarounds," said Bruce Johnson, Interim CEO and president of Sears Holdings. "As we continue to work to transform our business, we have been concentrating on strengthening our leadership bench. Since we announced our new business unit structure, we have been able to add a number of talented business presidents with extensive experience running related operations including: Jim Barr (Microsoft Corporation), John Froman (Namco, LLC and Circuit City), Nick Grayston (Foot Locker, Inc.), Craig Israel (Robinson's-May/Meier & Frank and Kaufmann's), Stu Reed (Motorola) and Guenther Trieb (Procter & Gamble)."

Pearlman holds a MBA from the University of Chicago, Graduate School of Business. She also earned a Bachelor's degree from Stanford University.

About Sears Holdings Corporation:

Sears Holdings Corporation is the nation's fourth largest broadline retailer, with approximately $50 billion in annual revenues, and with approximately 3,800 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, home electronics and automotive repair and maintenance. 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 Martha Stewart Everyday products, which are offered exclusively in the U.S. by Kmart and in Canada by Sears Canada. The Company is the nation's largest provider of home services, with more than 13 million service calls made annually. For more information, visit Sears Holdings' website at

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SOURCE: Sears Holdings Corporation

CONTACT: Sears Public Relations and Communications, +1-847-286-8371

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