Bed Bath & Beyond bashes California
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(Gray News) - Bed, Bath & Beyond is opening stores again after filing for bankruptcy and closing all its stores in 2023, but there will not be any in California. On Wednesday, Bed, Bath & Beyond’s executive chairman, Marcus Lemonis, explained why the company has decided not to open stores in the state.
California Gov. Gavin Newsom’s (D) office on Wednesday knocked Bed, Bath & Beyond after the company announced it won’t open any new retail stores in the Golden State. “After their
Marcus Lemonis says Bed Bath & Beyond will avoid California retail operations due to expensive regulations, instead offering online delivery within 24-48 hours.
CEO Marcus Lemonis is steering clear of California, calling out the state’s overregulation, high taxes, and risky business environment for his decision to not open or operate Bed Bath & Beyond retail stores in the state.