Sears, Roebuck and Co. has promoted Mindy Meads to president and chief executive officer of Lands' End, Inc., effective Feb. 1. In her new role, she continues as
executive vice president of Sears, reporting to Alan J. Lacy, chairman and chief executive officer. Meads, 51, currently serves as executive vice president of merchandising and design for Lands' End and executive vice
president and general manager of apparel for Sears.

“Mindy is an outstanding retailing executive who has built a solid
platform from which we can take Sears and Lands' End apparel merchandising to
new levels,” Lacy said. “Her proven leadership and vision will guide Lands'
End to continued success, leveraging the strengths of both direct and retail
distribution.”

Meads was named Sears executive vice president and general manager of
apparel in April 2003, simultaneously continuing her merchandising
responsibilities at Lands' End. She began her Lands' End career in 1991 as
vice president, general merchandise manager, and was promoted with increasing
responsibilities to senior vice president and executive vice president of
merchandising and design. She also has held senior merchandising and
operations positions at Macy's, The Limited and Gymboree Corporation.

Manto to Lead Sears' Apparel Team

Gwen K. Manto, 49, a nationally regarded merchandising executive with
extensive retail experience, will join Sears replacing Meads as executive vice
president and general manager of apparel, effective Feb. 1. She will report to
Mark Cosby, Sears executive vice president and president of full-line stores.
Manto formerly was vice chairman and chief merchandising officer at Stein
Mart, the upscale, off-price specialty-store chain.

“Gwen brings a depth of leadership experience in department store and
specialty retailing to her new position at Sears,” Cosby said. “Her track
record for driving business results, paired with her sense of fashion and
strong customer focus, will serve us well as she leads the Sears apparel
organization. She will be instrumental in continuing the forward progress
already underway in Sears apparel to grow the business and position Sears as a
destination of choice for apparel customers.”

In her new Sears leadership role, Manto is responsible for all apparel
merchandising and design functions for Sears apparel, footwear and accessories
for women, men and children.

Before Stein Mart, she served as president of Kids Foot Locker and held
senior leadership positions at Kids R Us, Babies “R” Us, and Federated
Department Stores' Macy's, Rich's, Lazarus and Goldsmith's divisions.

Manto is the fourth new retailing executive to join the Sears apparel team
in recent months. In November, Patti Simigran came from Lands' End to become
Sears' senior vice president and general merchandise manager of women's
apparel. LuAnn Via came to Sears as vice president and general merchandise
manager of intimate apparel, women's accessories and fragrances in late
October. And in September, Carrie Shigetomi joined Sears as vice president of
brand development from Calvin Klein.