Bed Bath & Beyond, once a dominant home goods retailer, filed for bankruptcy in 2023 after years of declining sales and mounting debt.

Bed Bath and Beyond executive chairman Marcus Lemonis said he won't reopen retail stores in California, taking a shot at Gov. Gavin Newsom and calling the state a risky environment for business.

Bed Bath & Beyond is making a comeback —but not in California. Executive Chairman Marcus Lemonis announced on Aug. 20 that the company will not reopen any state brick-and-mortar stores, opting to serve its 39 million residents solely through delivery.