Bed Bath & Beyond bashes California
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10hon MSN
Gavin Newsom Trades Barbs with Bed Bath & Beyond CEO After California Is Snubbed in Reopening Plans
The California governor candidly shared his thoughts on the home goods retailer explicitly stating that the state is not in its brick-and-mortar plans for its return, after filing for bankruptcy in 2023 and shuttering all of its locations.
Marcus Lemonis says Bed Bath & Beyond will avoid California retail operations due to expensive regulations, instead offering online delivery within 24-48 hours.
California’s system makes it nearly impossible for businesses to succeed,’ the executive chairman of Bed Bath and Beyond said.
Bed Bath & Beyond is back from the dead—sort of. The company, which went bankrupt back in 2023, opened a single store in Nashville last week, and shoppers can even cash in their long-forgotten coupons. But don’t expect a full scale comeback just yet. ( Fast Company)