Sears Holdings Names Leader of Key Businesses

HOFFMAN ESTATES, Ill. (Map) -

HOFFMAN ESTATES, Ill., Nov. 9 /PRNewswire-FirstCall/ -- Sears Holdings (Nasdaq: SHLD) announced today that John D. Goodman will join the company as EVP - Apparel and Home. He will be responsible for the oversight and leadership of Sears Holdings' Apparel and Home businesses, both in-store and online. Goodman will also serve as president - Kmart Apparel until a permanent leader for that business unit is identified. He will serve as a member of the internal holding company business unit board of directors as well. In order to greatly enhance the company's ability to attract talent, Sears Holdings will establish a San Francisco office - one of the country's centers of excellence for the apparel industry - where Goodman will be based. Three years ago the company successfully opened a design office in Lower Manhattan in New York City for similar reasons.

Goodman, who previously served as chief apparel and home officer until 2005 for Kmart, was most recently chief executive officer for apparel retailer Charlotte Russe. In his more than 20 year career in the retail industry, Goodman has also served as the president and CEO of Mervyn's department stores, as president of the Dockers® brand at Levi Strauss and Co., and held a variety of leadership positions at Gap, Inc., where he played a key role in the launch of the Banana Republic and Old Navy outlet formats. He started his career with Bloomingdale's in its executive training program. Goodman earned a bachelor's degree from the University of Maryland.

"We're extremely pleased to welcome John back to Sears Holdings and we're excited to be able to add a leader with his strengths and wealth of apparel experience to our team," said Bruce Johnson, interim CEO and president of Sears Holdings. "We are confident that John will help us attract additional talent to our company and we're looking forward to opening an office in San Francisco. We believe his leadership will enable our Apparel and Home businesses to better compete and enhance our relationships with customers."

About Sears Holdings Corporation

Sears Holdings Corporation is the nation's fourth largest broadline retailer with approximately 3,900 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 the Country Living collection, which is offered exclusively by Sears and Kmart. We are the nation's largest provider of home services, with more than 12 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' web site at www.searsholdings.com.