Sears (SHLDQ) 10-K 2010 FY Annual report

Exhibit 21

Subsidiaries of the Registrant

The following is a list of subsidiaries of Sears Holdings Corporation, the names under which such subsidiaries do business, and the state or country in which each was organized, as of January 29, 2011. The list does not include subsidiaries which would not, if considered in the aggregate as a single subsidiary, constitute a significant subsidiary within the meaning of Item 601(b)(21)(ii) of Regulation S-K.

Names	State or Other Jurisdiction of Organization
Consolidated Subsidiaries:
KCD IP, LLC		Delaware
Kmart Corporation		Michigan
Kmart Holding Corporation		Delaware
Kmart Management Corporation		Michigan
Kmart of Michigan, Inc.		Michigan
Lands’ End, Inc.(1)		Delaware
Sears Authorized Hometown Stores, LLC		Delaware
Sears Brands, L.L.C.		Illinois
Sears Brands Management Corporation		Delaware
Sears Canada Inc.(2)		Canada
Sears Financial Holding Corporation		Delaware
Sears Holdings Global Sourcing Limited		Hong Kong
Sears Holdings Management Corporation(3)		Delaware
Sears Home Improvement Products, Inc.		Pennsylvania
Sears Outlet Stores, L.L.C.		Delaware
Sears Protection Company		Illinois
Sears Reinsurance Company, Ltd.		Bermuda
Sears Roebuck Acceptance Corp.		Delaware
Sears, Roebuck and Co.		New York

⁽¹⁾      Seven subsidiaries of Lands’ End, Inc., which are in its same line of business, are omitted, four of which operate in the United States and three of which operate in foreign countries.

⁽²⁾      Shares are owned directly or indirectly (through SHLD Acquisition Corp., a Nova Scotia unlimited liability company) by Sears Canada Holdings Corp., a Delaware corporation, which is a wholly-owned subsidiary of Sears International Holdings Corp., a Delaware corporation, which in turn is a wholly-owned subsidiary of Sears, Roebuck and Co. Fourteen subsidiaries of Sears Canada Inc., which are in its same line of business, are omitted, only one of which operates in the United States.

⁽³⁾      Shares are owned by Sears, Roebuck and Co. and Kmart Management Corporation.