Bed Bath & Beyond Inc. has announced they will be closing 60 stores across the U.S. after this year's holiday season.

Usatoday.com reports most of the closings are expected in early 2020 as Bed Bath & Beyond Inc. ends their fiscal year.

Bed Bath & Beyond Inc. also operates buybuy Baby, Harmon Face Values and World Market.

40 of the stores closing will be Bed Bath & Beyond properties in addition to 20 other of Bed Bath & Beyond Inc.'s properties.

CEO Mary Winston tells usatoday.com -

"With this action, we are increasing the profitability of our remaining portfolio and believe that our remaining fleet will benefit from our renewed focus on driving traffic and operating efficiency.”

No word yet on where these locations will be.