US EditionBed Bath & Beyond executive says company won't open any California stores
Bed Bath & Beyond's executive chairman cited high taxes, wages, and regulations as reasons for avoiding physical stores in California, opting for e-commerce to serve 39 million residents.
- Bed Bath & Beyond, once a dominant home goods retailer, filed for bankruptcy in April 2023 after years of declining sales and mounting debt.
- The company's executive chairman, Marcus Lemonis, stated that California has created an overregulated, expensive, and risky environment for businesses, making it harder to employ people and deliver value to customers.
- Bed Bath & Beyond plans to open stores in almost every other state but will serve California customers directly through its website, BedBathandBeyond.com.
63 Articles
63 Articles
According to the CEO of Bed Bath & Beyond, Marcus Lemonis, California has more over-regulated and expensive environments for businesses
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