Bed Bath & Beyond Rejects California Expansion
Bed Bath & Beyond CEO Marcus Lemonis announced the company will not open stores in California, citing the state’s tough regulations and business climate.
“We will not open or operate retail stores in California,” Lemonis said in a statement.
He criticized the state’s economic environment, stating,
“California has created one of the most overregulated, expensive, and risky environments for businesses in America.” He added, “Higher taxes, higher fees, higher wages… and endless regulations… strangle growth.”
Lemonis emphasized the company’s shift to serving California customers through online channels.
“Instead, we are investing in a California strategy that works: 24–48-hour delivery, and in many cases, same-day service,” he said.
“We’re taking a stand because it’s time for common sense,” he concluded.
“That’s why Bed Bath & Beyond will serve California customers directly through BedBathandBeyond.com, on our terms, and with their best interests at heart.”
Political Implications for Newsom
The announcement could pose a challenge for California Governor Gavin Newsom, seen as a potential 2028 Democratic presidential candidate. Critics argue the business climate under his leadership is pushing companies away.
Border Patrol Presence at Newsom Event
Tensions rose last week when armed Border Patrol agents were seen outside a Newsom-hosted rally in Los Angeles. At least one person was arrested.
“We’re here making Los Angeles a safer place,” said Chief Gregory Bovino.
Newsom’s office responded defiantly:
“WE WILL NOT BE INTIMIDATED BY WEAK LITTLE DONALD TRUMP, THE CRIMINAL PRESIDENT!”
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