<p>Bed Bath &amp; Beyond will no longer operate in California, with the company’s chairman saying the blue state’s “overregulated” system “makes it nearly impossible for businesses to succeed.”</p>
<p>“This decision isn’t about politics — it’s about reality,” executive chairman Marcus Lemonis said Wednesday in an official <a href="https://x.com/marcuslemonis/status/1958162142651470232/photo/1" target="_blank" rel="noopener">statement</a> on X. “California’s system makes it nearly impossible for businesses to succeed, and I won’t put our company, our employees, or our customers in that position.”</p>
<p>“California has created one of the most overregulated, expensive, and risky environments for businesses in America. It&#8217;s a system that makes it harder to employ people, harder to keep doors open, and harder to deliver value to customers,” the statement read.</p>
<p>Lemonis says that California’s economic policies have resulted in “higher taxes, higher fees, higher wages that many businesses simply cannot sustain.”</p>
<p>Bed Bath &amp; Beyond will still market its products to Californians and offer online ordering. The company says this will eliminate “the inflated costs created by an unsustainable model.”</p>
<p>“We&#8217;re taking a stand because it&#8217;s time for common sense. Businesses deserve the chance to succeed. Employees deserve jobs that last. And customers deserve fair prices. California&#8217;s system delivers the opposite.”</p>
<p>California Governor Gavin Newsom’s press office <a href="https://x.com/GovPressOffice/status/1958226910661767657" target="_blank" rel="noopener">responded</a> to the announcement on X: “After their bankruptcy and closure of every store, like most Americans, we thought Bed, Bath &amp; Beyond no longer existed.”</p>
<p>“We wish them well in their efforts to become relevant again as they try to open a 2nd store.”</p>
<p>Bed Bath &amp; Beyond is attempting a comeback after filing for Chapter 11 bankruptcy in April 2023, when it was forced to liquidate all its assets, including all of its retail stores. It <a href="https://ir.kirklands.com/Kirkland-s-Home-and-Beyond--Inc--to-Revitalize-Bed-Bath-Beyond-Brand-with-Neighborhood-Store-Strategy-Through-New-Strategic-Partnership" target="_blank" rel="noopener">merged</a> with Kirkland’s Home in 2024 and has subsequently rebranded.</p>
<p>The company plans to launch 300 “new smaller format ‘neighborhood’” locations across America, Lemonis told <a href="https://x.com/FoxNews/status/1958229596840587419" target="_blank" rel="noopener">Fox News</a> on Wednesday. The first “Bed Bath &amp; Beyond Home” store opened in <a href="https://abcnews.go.com/GMA/Living/bed-bath-opens-1st-new-store-nashville-new/story?id=124479646" target="_blank" rel="noopener">Nashville</a> earlier this month.</p>

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Bed Bath & Beyond Says It Will No Longer Operate In California’s ‘Overregulated’ System