The hits against Sears Holding Company just keep coming.

Sears Holdings Corp. announced it is closing 50 Sears Auto Centers and 92 Kmart Pharmacies. The move comes after the chain announced earlier this year it was shuttering 150 non-profitable stores in an effort to cut costs and improve profitability. The closures are part of Sears' efforts to cut costs by $1.25 billion this year.

"Earlier this year, we initiated a strategic restructuring program and committed to improving our operating performance and financial flexibility in a very challenging retail environment," said Edward S. Lampert, Chairman and Chief Executive Officer of Sears Holdings. "While we have made significant progress in reducing our cost base and enhancing our member value proposition, we need to take further action."

Which auto centers and pharmacy locations will be closed has not been announced. Sears operates more than 700 auto service centers; there are about 840 in-store Kmart pharmacies.

Sears and Kmart will also be eliminating some senior management roles.

The Chicago Tribune reported some employees were notified Friday their jobs would be eliminated while others will be told in coming weeks.

Sears has struggled for years to keep up with competition from online retailers and a lack of interest in the chain from long-time shoppers. On Friday, it announced it was hiring its second chief financial officer in just six months, with Jason Hollar replaced by Robert Riecker. Riecker was previously Sears' controller and head of capital markets activities.