Bed, Bath & Beyond filed for bankruptcy and closed all stores nationwide two years ago and now plans to reopen stores across the country except in California. The CEO attributed the California exclusion to an overregulated, expensive, and risky business environment that hinders employment, store viability, and customer value. Governor Gavin Newsom's office responded snarkily on social media. San Jose Mayor Matt Mahan linked empty storefronts to unemployment and emphasized focusing on solutions, improving public safety, cleanliness, housing, and making it easier to start and operate businesses. A local economics professor said the reality can be complex.
This decision isn't about politics - it's about reality. 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.
I think in California where we have one million people out of work, we have the highest unemployment rate in the country, out of respect for Californians who are just struggling to make ends meet, we need to focus on solutions,
To be more business friendly, we've got to get back to basics. We have to be safe, clean, we've got to get everybody housed. And we've got to make it easier to start a business and operate a business here,
Collection
[
|
...
]