The Company confirms that it is progressing with its evaluation of strategic alternatives for its Credit and Financial Services business, as announced on June 13, 2005.
The Company expects to select its course of action and announce its decision during the third quarter.
The Board of Directors declared a quarterly dividend of 6 cents a share on all Common Shares of the Corporation. The dividend is payable on the 15th day of September, 2005 to shareholders of record on the 15th day of August, 2005.
Canada based Sears is a multi-channel retailer with a network of 122 full-line department stores, 217 off-mall stores, 62 home improvement showrooms, over 2,200 catalogue merchandise pick-up locations, 113 Sears Travel offices and a nationwide home maintenance, repair, and installation network.
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