Why Bed Bath & Beyond Won't Open New Stores in California
Beyond Inc., relaunching Bed Bath & Beyond stores outside California, cites the state's high taxes, fees, and regulations as key reasons for avoiding physical store openings.
- Beyond Inc. announced its brick-and-mortar return excludes California, with Marcus Lemonis stating, `We will not open or operate retail stores in California.` The revised Bed Bath & Beyond opened its first store in Nashville earlier this month.
- Marcus Lemonis blamed California for higher taxes, fees, wages, and endless regulations that strangle growth, and noted the state has 420,434 restrictions listed in the California Code of Regulations .
- The relaunch pairs the BedBathandBeyond.com platform with localized stores, while Beyond Inc. plans to convert more Kirkland's and buybuy BABY locations over the next 24 months.
- Governor Gavin Newsom hit back with a snappy retort after the Wednesday announcement, while Beyond Inc. assured Californians they can still shop via BedBathandBeyond.com and Nashville's first store showed strong sales.
- Beyond Inc. plans to change its corporate name to Bed Bath & Beyond and ticker to BBBY on Aug. 29, expanding physical stores in almost every other state amid business flight documented by Orange County lawyers.
20 Articles
20 Articles
Bed Bath and Beyond Begins Reopening Physical Stores Across America -- But Not in California
After filing for bankruptcy over two years ago and becoming an online-only storefront, Bed Bath and Beyond Home has now begun reopening physical storefronts across the country — with one notable exception. A company executive announced Wednesday morning that retails stores will not be coming to California, citing the Golden State’s high costs and burdensome [...] The post Bed Bath and Beyond Begins Reopening Physical Stores Across America — But …
'Become relevant again': Newsom trolls Bed, Bath & Beyond with brutal post after snub
A business executive trying to resurrect a classic retail brand proclaimed Wednesday that they would not open any brick-and-mortar retail stores in California — and Gov. Gavin Newsom hit back with a snappy retort.Marcus Lemonis, a businessman and philanthropist who has hosted the CNBC show "The Prof...
Bed Bath & Beyond Says It Won’t Operate Stores in ‘Overregulated' California
The chairman of the resurrected home goods chain Bed Bath & Beyond announced on Aug. 20 that the company would not open or operate retail stores in California, calling it overregulated, expensive, and risky. “This decision isn’t about politics—it’s about reality,” company chairman Marcus Lemonis said in a social media post. “California has created one of the most overregulated, expensive, and risky environments for businesses in America. It’s a …
Why Bed Bath & Beyond won't open new stores in California
(NewsNation) — Bed Bath & Beyond is poised for a comeback, but don't expect any new stores in California, the company announced Wednesday. Executive Chairman Marcus Lemonis said the decision isn't political — it's a response to the state's unfriendly business environment. "California has created one of the most overregulated, expensive, and risky environments for businesses in America," Lemonis said in a statement. "It’s a system that makes it h…
Bed Bath & Beyond returns, but refuses to reopen in one blue state
Iconic retailer Bed Bath & Beyond has resurfaced more than two years after collapsing under bankruptcy. With a slightly new name, the outlet is making headlines after making a fiery statement about not opening brick-and-mortar stores in a liberal stronghold.The brand has returned under the name Bed Bath & Beyond Home in Nashville, Tennessee, with plans to open 75 retail outlets — albeit with smaller stores — across the nation, according to a rep…
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