Bed Bath & Beyond has announced it will close 40 stores this year.
It also said it will open 15 new stores.
The retailer said the closings are a result of mixed results in its 2018 fourth-quarter earnings, USA Today is reporting.
The company has not yet announced which stores will be closing or where new stores will be opened.
The New Jersey-based home goods retailer also operates Buy Buy Baby, Harmon Face Values and World Market.
Most of the stores to be closed are expected to be Bed Bath & Beyond stores.
This is not the fire time BB&B has shuttered stores. Last year in the fourth quarter, the company closed 21 stores. It opened three new stores during the same time period.
The company operates a total of 1,533 stores across all of its brands, including 994 Bed Bath & Beyond stores in all 50 states, the District of Columbia, Puerto Rico and Canada.