Bed Bath & Beyond takes a shot at California
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“This decision isn’t about politics — it’s about reality,” Marcus Lemonis, the company’s executive chair, said in a Wednesday statement. He said California’s business environment “makes it harder to employ people, harder to keep doors ...
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.
Something about a bankrupt home goods store calling out the Golden State has left California’s political elite scrambling—and the chaos
Marcus Lemonis says Bed Bath & Beyond will avoid California retail operations due to expensive regulations, instead offering online delivery within 24-48 hours.
The case? California is too “overregulated, expensive, and risky,” according to Executive Chairman Marcus Lemonis. The company adds that while brick-and-mortar stores are off the table, Californians will still be able to shop online through ...
Beyond ( NYSE: BYON) 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.
The CEO of the retailer Bed Bath & Beyond issued a stinging rebuke of California and said he won’t be expanding to the Golden State thanks to Democrat-imposed regulatory burdens. “We will not open or operate retail stores in California,” began a statement from Marcus Lemonis.