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

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 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.

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

For many retailers, Halloween represents the big kick-off to the fourth quarter,