Sears Holdings Statement in Support of the Marketplace Fairness Act

     Sears Holdings Statement in Support of the Marketplace Fairness Act

PR Newswire

HOFFMAN ESTATES, Ill., Feb. 14, 2013

HOFFMAN ESTATES, Ill., Feb. 14, 2013 /PRNewswire/ -- Sears Holdings (NASDAQ:
SHLD), parent company of Sears Roebuck and Co., Kmart and Lands' End, today
expressed support for the Marketplace Fairness Act of 2013. The bipartisan
legislation will level the sales tax collection playing field for local
businesses by granting the states authority to enforce existing laws and
require out-of-state, online-only retailers to collect and remit sales taxes
on sales made to its residents.

In a statement released today, the company said:

"We commend Sens. Durbin, Enzi, Alexander and Heitkamp; and Reps. Womack,
Speier, Noem, Welch and Conyers for their continued leadership on this
important issue.  Sears Holdings has been and continues to be a strong
supporter of restoring balance and fairness to the system by enabling states,
if they so choose, to enforce the collection of taxes that are already owed by
every customer making a purchase, whether the purchase is online or in a
retail store.  Most retailers calculate and collect the tax at the point of
sale, as required by law.  However, online-only merchants currently do not
have to collect the tax broadly, leaving the customer with the responsibility
of saving receipts and filing and paying use taxes for those purchases on
their state income tax returns. The Marketplace Fairness Act will correct a
system that has given a significant and unfair competitive advantage to a
handful of online-only retailers, while hurting those that create jobs and
invest in local communities.  We are grateful to the sponsors and cosponsors
of this bipartisan legislation and look forward to working together to enact
it."

About Sears Holdings Corporation
Sears Holdings Corporation is a leading integrated retailer with over 2,600
full-line and specialty retail stores in the United States and Canada and the
home of SHOP YOUR WAY, a social shopping experience where members have the
ability to earn points and receive benefits across a wide variety of physical
and digital formats through ShopYourWay.com. Sears Holdings is the leading
home appliance retailer as well as a leader in tools, lawn and garden, fitness
equipment and automotive repair and maintenance. Key proprietary brands
include Kenmore, Craftsman and DieHard, with a broad apparel offering,
including such well-known labels as Lands' End, the Kardashian Kollection,
Jaclyn Smith and Joe Boxer, as well as Sofia by Sofia Vergara and The Country
Living Home Collection. We are the nation's largest provider of home services,
with more than 15 million service and installation calls made annually and
have a long-established commitment to those who serve in the military through
initiatives like the Heroes at Home program. We have been named the 2011
Mobile Retailer of the Year, Recipient of the 2012 ENERGY STAR® "Corporate
Commitment Award" for Product Retailing and Energy Management and one of the
Top 20 Best Places to Work for Recent Grads.  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. Twitter: @searsholdings | |Facebook:
http://www.facebook.com/SHCCareers

NEWS MEDIA CONTACT:
Sears Holdings Public Relations
(847) 286-8371

SOURCE Sears Holdings Corporation

Website: http://www.searsholdings.com