Bed Bath & Beyond, attempting to relaunch its brick-and-mortar operation, won’t be putting any stores in California, its chairman declared. “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.

Bed Bath & Beyond, once a dominant home goods retailer, filed for bankruptcy in 2023 after years of declining sales and mounting debt.