Sears Loyalty Program in Canada

Sears Canada Inc. (TSX: SCC; NASDAQ: SRSC) is  declaring a redesign and modernization to its client faithfulness system, Sears Club, which will bring it all the more solidly into the advanced age. The upgraded Sears Club faithfulness project, set to dispatch before the Holiday shopping season, will offer changes to the client experience. Individuals will now win important Sears Club focuses on buys made in real money and additionally with any charge or Visa acknowledged via Sears Canada. Clients can win focuses on buys made in store, through the Catalog, online at www.sears.ca, or on cell phones. 

Under the new devotion system, Sears Canada will:

Give existing Sears Club clients with another Sears Club enrollment card, free of any Mastercard

Convey to clients the new Sears Club participation card and program pack in time for the Holiday shopping season

Exchange every current Sear Club focuses to another Sears Club participation card in the client's name

Keep up the estimation of every single existing point

Highlight improved extra focuses projects, and significantly more brands for which to recover focuses

Offer clients the choice of recovering any Sears Club focuses earned, including those exchanged from the past Sears Club reliability system card, towards any buys made at Sears Canada, whether in real money, or with any charge or Mastercard acknowledged via Sears Canada.

The majority of this will happen without the Sears Canada client doing anything at all other than keeping on shopping at Sears Canada utilizing their new Sears Club enrollment card.

As a feature of the modernization and continuous change to Sears Canada items and administrations, the organization is likewise during the time spent overhauling the look and feel of its Sears Club brand personality components. Singes Canada is eager to share more data on these activities sooner rather than later.

Sears Canada is focused on giving installment and financing choices to its clients crosswise over Canada. To that end, the organization keeps on taking a shot at the advancement of a Sears Canada charge card program. As initially reported on November 17, 2014, the concurrence with JPMorgan Chase Bank N.A. ("JPMorgan Chase") to deal with the Sears Card and Sears MasterCard will end on November 15, 2015. JPMorgan Chase will soon correspond with clients about how this will influence their current Sears-marked Visas.

For Sears Canada's retail business, the improved Sears Club devotion system permits the Company to better control its own particular special procedures, and gives more adaptability to future project developments. The finish of the current relationship between Sears Canada and JPMorgan Chase will likewise bring about Sears Canada getting up to CAD $174 million if an offer of the Sears Card and Sears MasterCard charge card portfolio happens. Such installment would further reinforce our accounting report, in this way improving our capacity to contend and win the matter of Canadian customers. There is no certification that such an exchange will be accomplished or that the essential conditions for the installment will happen.

"We are eager to dispatch the upgraded Sears Club reliability program which permits clients to acquire and reclaim focuses on buys utilizing their favored strategy for installment," said Brandon G. Stranzl, Executive Chairman, Sears Canada Inc. "Existing Sears Club individuals can be guaranteed their focuses will be exchanged to the improved system at the finish of the assention between Sears Canada and JPMorgan Chase. Our clients as of now have an important direct one-on-one association with us, and this relationship will be further enhanced through the dispatch of the enhanced Sears Club devotion program, in mix with future Mastercard or comparative monetary items. These system upgrades give us a chance to connect and talk straightforwardly with a large number of our clients, and to expand the quantity of repeating touchpoints in the middle of us and our clients so we can furnish them with a remarkable retail encounter that helps them equip their lives with brands they adore."

More data on the upgraded Sears Club program and next strides for Sears Card and Sears MasterCard card holders will be sent to them in the following couple of weeks from Sears Canada. For the time being, Sears Canada clients can keep on utilizing their current Sears Cards and Sears MasterCards as they generally have, without interruption.

Forward-Looking Statements

This discharge contains data which is forward-looking and is liable to critical dangers and vulnerabilities. Forward-looking data worries, in addition to other things, the Company's assumptions with respect to the dispatch of the new faithfulness program as mulled over and the expected effect of the non-reestablishment of and changes to the charge card program concession to the Company. Frequently, yet not generally, forward-looking data can be recognized by the utilization of words, for example, "arrangements", "expects" or "does not expect", "is normal", "planned", "evaluations", "means", "suspects" or "does not envision" or "trusts", or varieties of such words and expressions, or explanations that sure activities, occasions or results "may", "could", "would", "may" or "will" be taken, happen or be accomplished. Despite the fact that the Company trusts that the forward-looking data exhibited is sensible, such forward-looking data includes known and obscure dangers, instabilities and different components which may bring about real results, execution or accomplishments to be physically not the same as any future results, execution or accomplishments communicated or suggested by the forward-looking data and undue dependence ought not be set on such data. Elements which could bring about real results to vary physically from current desires incorporate, yet are not restricted to: the capacity of the Company to dispatch the new unwaveringness program as examined and to secure a concurrence with a money related foundation for the administration of the credit and budgetary administrations operations on terms and conditions as ideal to the Company as those it at present has under its charge card showcasing and overhauling organization together with JPMorgan Chase, which, if not achievable, would tangibly influence the Company's aftereffects of operations and monetary condition. The forward-looking data in this discharge is, unless generally showed, expressed as of the date concerning this and is displayed with the end goal of helping speculators and others in comprehension the advancements portrayed in this public statement and may not be fitting for different purposes. The Company does not attempt any commitment to overhaul freely or to change any forward-looking data, whether as an aftereffect of new data, future occasions or generally, with the exception of as required by law.