Script All Stnras

{Stern Manager will meet with alert: assneiataa during slurs huddle and ind ividuallv with "was asaneiataa
nut present an day nf ann-uuneemant]

fined Hunting

Thrnugltnut the year. we have all hard tn help the new realise several
business nbjeetives nur Sears and Kmart brands. We have ntade strides in am
tn nur member es perienees. Beth fntmats have their senres nver
last year and it validates hard nur teams have at maintaining stare standards and
serving nus members-

At the same time, has faced ehallenges sinee the nurehase nt' substantially all at" the
assets nt' Sears Hnldings in ehniarv- These ehalienges have at?l?eeted
and limited the enntpanv?s strategic ehniees.

This brings me in a very tnugh ennversatinn. The deeisinn has been ntade tn elnse nur state. 
ean assure van that tltis deeisinn is nne that was talten very serinuslv, hnwever. alier exhaustive
diseussinns and weighing all the nptinns, this stare will begin the liquidatinn pineess 

?ne ni' the ?rst steps will be with preparatinns t?nr a "gning nut nt?husiness? sale- A liquidating
ennsultant will be arriving at the snare nn Friday. anenther 15, It] I 9. with a pure-sale stat-tin nn
anember Liquidatinn will hagin nn December 2. 2019. This stare is espeeted tn remain
npen until Fehruarv flint]-

This. I realize. is dit?lieuit news in bear, just as it was a dit?t?ieult deeisinn tn ntalte. All nf us
within the Cnmpanv reengniae that a stnre elnsing iinpaets manv penple - assneiates, managers.
and their families, as weli as nut members. and nut lneal 

Tahin eare nl? rnentbet's enntinues in he very Until vnu are differentlv we plan In
nperate business as usual with an changes tn nur established hnurs, nnlieies. nr prneedures.

Our gnal is npen hnnest enntmunieatinn. Within the neat weeks a Market nr ileginnai
Representative will he enntin tn nur stnte tn address nur elnsing and in answer any
questinns gnu ntaj.r have. In additinn the Market nr Reginnal Representative will distribute in
each nf vnu a written nntiee int?nrtning vnu nt' the stare elnsing. ?t?nu will be aslted tn sign this
nntiee indicating vnu have been 

I want in thank vnu far all nt?vnut dedieated serviee tn this stnre and espress nur appreeiatinn nt'
all at" ynur enntributinns.

At this paint I will apart the ?nnr tn questinns.