Sears to close 72 more stores

Sears store with a closing sign on it
Sears store closing down. Photo: Scott Olson/Getty Images

Sears Holdings is closing 72 more stores in 2018 as it continues to evaluate the future of its brick and mortar locations, CNBC reports. The company says it has more than 100 non-profitable stores.

The big picture: Once one of the country's major retail giants, Sears has faced tremendous pressure thanks to the online retail boom led by Amazon. Earlier this year, the company announced it would be closing 64 Kmart stores and 39 Sears stores — after it closed roughly 400 of its locations in 2017.