Bed Bath & Beyond takes a shot at California
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Bed Bath & Beyond is making a comebackâbut 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.
Marcus Lemonis says Bed Bath & Beyond will avoid California retail operations due to expensive regulations, instead offering online delivery within 24-48 hours.
Beyond ( NYSE: BYON) CEO Marcus Lemonis is steering clear of California, calling out the stateâs overregulation, high taxes, and risky business environment for his decision to not open or operate Bed Bath & Beyond retail stores in the state.
California Gov. Gavin Newsomâs (D) office on Wednesday knocked Bed, Bath & Beyond after the company announced it wonât open any new retail stores in the Golden State. âAfter their
The CEO of the retailer Bed Bath & Beyond issued a stinging rebuke of California and said he wonât be expanding to the Golden State thanks to Democrat-imposed regulatory burdens. âWe will not open or operate retail stores in California,â began a statement from Marcus Lemonis.