I can confirm that it will be converted to a Sears off-mall format.

The differences between Sears Grand and Sears Essentials are not that great. It made sense to have a single name for our off-mall stores.

We do not believe that the fourth-quarter represents a turnaround in Sears Canada's business prospects.

We believe the benefits that will come from integration will help Sears Canada in its struggle to succeed.

We believe this is a fair price for Sears Canada. Sears Canada faces tough competition from a slew of retailers, not only in Canada but also those from the U.S. who are making inroads into Canada. And we believe Sears Canada will have a greater opportunity to succeed with the cost savings and the management direction that Sears Holdings would bring with full ownership.

We want to make sure the stores have the flexibility to utilize associates in a way that allows them to more efficiently and effectively serve customers.