Updated Jul 2, 2018 - Economy

Sears set to close 78 stores this year

Sears store with a closing sign on it

Sears store closing down. Photo: Scott Olson/Getty Images

Sears Holdings is now set to close 78 stores by September — adding another 10 to its list — as it continues to evaluate the future of its brick and mortar locations, USA Today reports.

The big picture: The company says it has more than 100 unprofitable stores. Once one of the country's major retail giants, Sears has faced tremendous pressure thanks to the online retail boom led by Amazon. In May, the company announced it would be closing 72 Kmart stores and Sears stores — after it closed roughly 400 locations in 2017.

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