Bed Bath & Beyond announced it will not place any new stores in California, citing high taxes, fees, wages, and extensive regulations that impede business viability. The company closed all physical locations after a Chapter 11 filing in 2023 and has relaunched as Bed Bath & Beyond Home, opening a store in Tennessee with plans for about 80 additional stores. The relaunch will involve converting existing Kirkland's Home locations; Kirkland's operates three Bay Area outlet stores in Gilroy, Livermore, and Vacaville. The California governor's office responded on social media with a dismissive remark about the chain's prior bankruptcy and closures.
California has created one of the most overregulated, expensive, and risky environments for businesses in America, said a statement Wednesday, Aug. 20, from Executive Chairman Marcus Lemonis. We're taking a stand because it's time for common sense, the statement says, accusing the state of mandating higher taxes, higher fees, higher wages that many businesses simply cannot sustain, and endless regulations that strangle growth.
After their bankruptcy and closure of every store, like most Americans, we thought Bed, Bath & Beyond no longer existed. We wish them well in their efforts to become relevant again as they try to open a 2nd store.
Collection
[
|
...
]