Retail Veteran Named to National Retailer's Board of Directors
TORONTO, June 3, 2016 /CNW/ - Sears Canada Inc. (TSX: SCC;
NASDAQ: SRSC) announced today that its Board of Directors has named Heywood Wilansky as a Director
of the Company. Mr. Wilansky brings over 45 years of retail experience to the Company and over 20 years of Board experience, both
corporate and philanthropic.
Since 2010, Mr. Wilansky has been President and CEO, Strategic Management Resources LLC, a consulting service that helps its
clients develop effective high levels of organizational capability. From 2004 to 2009, he was President and CEO of Retail
Ventures Inc., a leading off-price U.S.-based retailer operating various banners including Value City, DSW (Designer Shoe
Warehouse), and Filene's Basement, of which Mr. Wilansky was President and CEO from 2003 to 2004. He was also President and CEO of
Bon-Ton Stores Inc., Foley's and Filene's Department Stores, and held senior executive positions with Lord & Taylor and Hecht
Company. He spent his early retail years in buying positions at Gertz and Abraham & Straus.
Mr. Wilansky is a Director at Swan Products, LLC, a leading manufacturer of lawn and garden watering products. He has also
been a corporate Director of DSW Inc., Retail Ventures Inc., Bertucci's Corp., Steve Madden Ltd., Bon-Ton Stores and First
Washington Realty Trust, Inc., and is currently a volunteer member of The Genesis Fund.
"The Board of Directors of Sears Canada is pleased to have someone with Heywood's extensive retail experience lend his expertise
to our Company," said Brandon G. Stranzl, Executive Chairman, Sears Canada Inc. "We continue
to re-engineer our business around a customer-obsessed culture with a growth mindset. We believe we have formulated the right
strategy for the business, and continue to build our bench of talent at all levels, from the internal development of our team, to
new hires, to additions to our Board. We are determined to deliver consumers a relevant retail experience, and as we evolve
our business forward, having Heywood on the Board will be a significant asset to the Company. We look forward to his guidance
and counsel as we innovate our retail model and continue to build meaningful relationships with 'Main Street' Canadians looking for
truly high quality products at amazing prices."
About Sears Canada
Sears Canada is a multi-channel retailer with a network that includes 159 corporate
stores, 125 Hometown stores, over 1,200 catalogue and online merchandise pick-up locations, 84 Sears Travel offices and a
nationwide repair and service network. The Company also publishes Canada's most extensive general
merchandise catalogue and offers shopping online at www.sears.ca.
Although the Company believes that the forward-looking information in this release is reasonable, such forward-looking
information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or
achievements to be materially different from any future results, performance or achievements expressed or implied by the
forward-looking information, and undue reliance should not be placed on such information. The forward-looking information in
this release is, unless otherwise indicated, stated as of the date hereof and is presented for the purpose of assisting investors
and others in understanding the Company's objectives and strategic priorities, and may not be appropriate for other purposes. The
Company does not undertake any obligation to update publicly or to revise any forward looking information, whether as a result of
new information, future events or otherwise, except as required by law.
SOURCE Sears Canada Inc.
