Bed Bath & Beyond bashes California
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Marcus Lemonis says Bed Bath & Beyond will avoid California retail operations due to expensive regulations, instead offering online delivery within 24-48 hours.
Chairman Marcus Lemonis said the decision isn’t political — it’s a response to the state’s bad business environment.
(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.
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.