Bed Bath & Beyond exec raises eyebrows
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Mediaite on MSNBed Bath and Beyond Executive Tells Newsmax He Wants Gavin Newsom ‘Out of Office’: ‘Somebody’s Gotta Say Something’
Bed Bath and Beyond executive chairman Marcus Lemonis told Newsmax on Wednesday he would "love to see Gavin Newsom out of office."
California Gov. Gavin Newsom’s (D) office knocked Bed Bath & Beyond on Wednesday after the company announced it won’t open any new retail stores in the Golden State. “After their bankruptcy and closure of every store,
Marcus Lemonis says Bed Bath & Beyond will avoid California retail operations due to expensive regulations, instead offering online delivery within 24-48 hours.
Beyond ( NYSE: BYON) CEO Marcus Lemonis is steering clear of California, calling out the state’s overregulation, high taxes, and risky business environment for his decision to not open or operate Bed Bath & Beyond retail stores in the state.
Bed Bath & Beyond is making a comeback—but not in California. Executive Chairman Marcus Lemonis announced on Aug. 20 that the company will not reopen any state brick-and-mortar stores, opting to serve its 39 million residents solely through delivery.