New Jersey based-Bed Bath & Beyond to close 60 stores in fiscal year

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New Jersey based-Bed Bath & Beyond Inc. is increasing the number of stores it expects to close in the fiscal year.

According to the home goods retailer, they will close 60 stores in the fiscal year across the company, up from the April estimate of 40 stores.

Officials say most of the closings are expected after the holiday shopping season, as the company's fiscal year typically ends in early March.

There is no word on which stores will be closing.

As of the end of August, the company had 1,534 stores, including 993 Bed Bath & Beyond stores nationwide, and in Canada.

The retailer also operates Buy Buy Baby, Harmon Face Values and World Market.

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