(Red State)—RedState reported on Wednesday about the announcement from Bed Bath and Beyond executive chairman Marcus Lemonis that his company had no plans to open locations in California.
“We will not open or operate retail stores in California,” Lemonis wrote.
In addition to pointing out that the decision wasn’t “about politics,” Lemonis went on to note that “California has created one of the most overregulated, expensive, and risky environments for businesses in America. It’s a system that makes it harder to employ people, harder to keep doors open, and harder to deliver value to customers.”
Other businesses in California have either scaled back, closed down, or left the state for similar reasons in what some political observers and business commentators have called a mass exodus.
Lemonis’s remarks were made amid an attempt at a comeback of sorts for the online home goods retailer after the original Bed Bath and Beyond chain shuttered its brick-and-mortar locations in 2023 and filed for Chapter 11 bankruptcy. Rebranded by owners Beyond Inc. as Bed Bath & Beyond Home, its first location opened this month in Nashville, and the company has plans to open hundreds more stores in the coming months.
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Author: Red State
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