Bed Bath & Beyond bashes California
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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.
Bed Bath & Beyond won't open new stores in California, citing the state's challenging business conditions; their focus shifts to e-commerce. Responses vary, with concern from San Jose's Mayor and a mocking comment from CA Governor's Office.
Marcus Lemonis says Bed Bath & Beyond will avoid California retail operations due to expensive regulations, instead offering online delivery within 24-48 hours.