Bed Bath & Beyond takes a shot at California
Digest more
Marcus Lemonis says Bed Bath & Beyond will avoid California retail operations due to expensive regulations, instead offering online delivery within 24-48 hours.
“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 ...
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.
(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.
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.